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

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.