Today, Box has raised a big $125 million growth round according to AllThingsD.The company is now worth $1.2 billion.
Box has raised $284 million to date -- about $30 million more than its file sharing and storing competitor Dropbox which has a $4 billion valuation. Grown-up investors participated - General Atlantic, a Facebook investor, led Box's funding round. Social + Capital Partnership, an investment firm started by early Facebook employee Chamath Palihapitiya, also participated along with two other institutional investors.
We say that the data management/storage market is way over heated and hyper competitive. now the big boys such as google, apple and amazon have entered the market the independents cost of customer acquisition and retention has sky rocketed. To keep up they are forced to give away increasingly generous allocations of free storage. This obviously unsustainable.
Its forced us to change our plans for our data management product as we cant see how these guys will ever make money on current models