TechTaffy

tech:

taffy

Box Raises $81 Million, Plans To Scale Up

By TechTaffy Desk

Box has announced the closing of a $81 million round of funding from NEA, Bessemer Venture Partners, salesforce.com, SAP Ventures and existing investors.

Aaron Levie ( Co-Founder, Box):  You have to get the timing just right, educate a confused market, and accept that payback may not come for some time.

Why raise that much capital? Aaron Levie, co-founder of Box writes in the company blog post that its all really, well, “it’s simple.” “Now is the time to scale,” he says. The company is also about to launch a new program, the Box Innovation Network, in November this year, he adds. 100,000 businesses already use Box, including 77 per cent of the Fortune 500 companies, says Mr. Levie.

Update: 04-19-13

Just in

Seed

Oso Semiconductor raises $5.2M

Oso Semiconductor has raised $5.2 million in seed funding. The round was led by Engine Ventures.
People

Battelle appoints Tim Ryan to board of directors

Battelle has elected Tim Ryan, Citi’s Head of Technology and Business Enablement, to its board of directors.
Around the web

OpenAI launches ChatGPT Gov for U.S. government agencies — CNBC

It’s called ChatGPT Gov and was built specifically for U.S. government use; writes Hayden Field. 
Around the web

DeepSeek’s popular AI app is explicitly sending US data to China — Wired

Users have already reported several examples of DeepSeek censoring content that is critical of China or its policies, writes Matt Burgess and Lily Hay Newman. 
Around the web

DeepSeek hit with large-scale cyberattack, says it’s limiting registrations — CNBC

DeepSeek on Monday said it would temporarily limit user registrations “due to large-scale malicious attacks” on its services; writes Hayden Field.