Cloud storage startup Box.net scores $48 million in funding

In an fortune article we read about cloud storage startup Box.net who scored $48 million in funding.

"Back in 2005, Aaron Levie and Dylan Smith were college dropouts with a collective $11,000 and a not-so-sexy startup idea for an online storage and collaboration service. Today, the entrepreneurial duo announced that their company, Box.net, has closed a whopping $48 million series D funding round.

The large investment is the latest sign that web-based enterprise software startups are gaining clout. Box, a file storage and collaboration company, says it has over five million users, including enterprise customers like Cisco Systems (CSCO), Dell (DELL) and DreamWorks Animation SKG (DWA). The basic version of Box's service, which lets people store and share files online, is available for free. The company charges customers $15 a month for extra features like more storage or security enhancements."

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