Online cloud storage company Box announced today it’s raised $81 million in additional capital, bringing its total raised to $162 million to expand its business — and compete with cloud services from companies such as Microsoft.
New investors include salesforce.com and SAP Ventures, according to a news release from Box.
Box says it has 7 million individuals and 100,000 businesses using its service, and 250,000 new users joining each month. In November, Box plans to launch /bin (the Box Innovation Network), which it’s describing as “a major initiative designed to support and grow an ecosystem of next-generation enterprise applications”
“Businesses of all sizes are moving their information and collaboration to the cloud,” said Aaron Levie, co-founder and CEO of Box, who got in a dig at Microsoft. “With this new capital we’ll support their transition by continuing to aggressively out-innovate legacy players like Microsoft.”
Microsoft itself is focusing aggressively on its cloud software and services, with Chief Operating Officer Kevin Turner saying at the company’s annual Financial Analysts Meeting last month that “we’re all into the cloud.”