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Box.net ready to ramp it up, seeks funding

On the list of problems faced by by start-ups, growing faster than expected is a pretty good one to have. Box.net, the Berkeley file storage service tells us that so many people have tuned into its service that it's ready to go for an A-round of financing. To date, the company has been getting by on $400,000 from angels such as Mark Cuban. Founder Aaron Levie wouldn't say how much the company is seeking.

Levie says Box.net has over 150,000 new registrations. And the site has partnerships with Netvibes and Goowy to provide their users with online storage.

There is a lot of competition in this space - and potential competition. But based on our experience with at least one of the players, there is a lot of room for improvement, too.

We last wrote about Box.net here.

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Box.net is OK but Mozy offers way better encryption, storage space and pricing.

Preston on May 8, 2006 7:03 AM
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From what I understand, Mozy is a backup and restoration service. I've heard great things about their service - but this is very different from what we do at Box.net.

Aaron on May 8, 2006 7:36 AM
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Box must really be desperate for more funding. Going around talking about how they want to raise money shows signs of desperation,

John on May 8, 2006 7:45 AM
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Box.net also cooperates with pageflakes.com. Just thought I mention it...


Ole Brandenburg on May 8, 2006 11:08 AM
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anybody want to buy privatestorage.com ? Perfect for online storage.

victor on May 13, 2006 10:27 AM
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