Showing posts with label Box. Show all posts
Showing posts with label Box. Show all posts

Wednesday, October 11, 2017

Box brings machine learning to its cloud storage

Box introduced a framework for applying machine learning tools such as computer vision, video indexing, and sentiment analysis to content stored in its cloud service.

The Box Skills framework includes functionality powered by IBM Watson, Microsoft Azure, and Google Cloud, as well as Box Skills Kit, a set of developer resources for building custom skills. These skills include:
  • Audio Intelligence: Uses audio files to create and index a text transcript that can be easily searched and manipulated in a variety of use cases
  • Video Intelligence: Provides transcription, topic detection and detects people to allow users to quickly find the information they need in a video
  • Image Intelligence: Detects individual objects and concepts in image files, captures text through optical character recognition (OCR), and automatically adds keyword labels to images to easily build metadata on image catalogs.
Box will also add automatic workflow initiation, APIs, e-signatures, and workflow management tools to its workflow software.

Saturday, August 19, 2017

Box integrates Google Cloud Vision for image recognition

Box is integrating Google Cloud Vision into is cloud storage service to provide its enterprise customers with advanced image recognition.

The capability, which is currently in private beta, leverages machine learning to help enterprises improve workflows and drive efficiencies through more accurate discovery and deeper insights into unstructured content stored in Box.

“Organizations today have no way to extract insights from the massive amounts of unstructured data that are essential to their business, missing a huge opportunity to drive innovation, efficiency, and cost savings,” said Aaron Levie, cofounder and CEO, Box. “By combining the machine learning capabilities of Google Cloud with the critical data businesses manage and secure in Box, we are enabling our customers – for the first time – to unlock tremendous new value from their content, digitize manual workflows, and accelerate business processes.”

“Box’s application of Google Cloud’s machine learning APIs brings to life the potential of AI in the enterprise,” said Fei-Fei Li, Chief Scientist, Google Cloud AI and Professor of Computer Science, Stanford University. “Understanding images remains a challenge for businesses and Box’s application of the Vision API demonstrates how the accessibility of machine learning models can unlock potential within a business’s own data. Ultimately it will democratize AI for more people and businesses.”

http://www.box.com

Wednesday, November 30, 2016

Box Posts Q3 Revenue of Revenue of $102.8 Million, Up 31%

Box posted record revenue of $102.8 million for the third quarter of its fiscal 2017, an increase of 31% from the third quarter of fiscal 2016. Deferred revenue for the third quarter of fiscal 2017 ended at $192.6 million, an increase of 36% from the third quarter of fiscal 2016. GAAP operating loss in the third quarter of fiscal 2017 was $37.8 million, or 37% of revenue. This compares to GAAP operating loss of $55.0 million, or 70% of revenue, in the third quarter of fiscal 2016.

"In the third quarter, we delivered record revenue of $102.8 million, up 31% year-over-year, and continued to improve operational efficiencies throughout the business," said Aaron Levie, co-founder and CEO of Box. "We reached a significant milestone with our first $100 million quarter. We also hosted our most successful BoxWorks to date and announced a new strategic partnership with Google. With our track record of product innovation and continued momentum with new and existing customers, Box is uniquely positioned to help businesses modernize how they manage information and transform how they work.”

http://www.box.com


Wednesday, August 31, 2016

Box Posts Q2 Revenue of $95.7 Million, Up 30% Year-Over-Year

Box posted Q2 2017 revenue of $95.7 million, an increase of 30% from the second quarter of fiscal 2016. GAAP operating loss in the second quarter of fiscal 2017 was $37.9 million, or 40% of revenue. This compares to GAAP operating loss of $49.8 million, or 68% of revenue, in the second quarter of fiscal 2016.

"Our strong second quarter results, with revenue growth of 30 percent and billings growth of 34 percent year-over-year, reflect our clear differentiation as the leading enterprise content platform," said Aaron Levie, co-founder and CEO of Box. "Our excellent sales execution and traction with new products drove deals with 4,000 new customers and expanded deployments with leaders such as Pfizer, Electronic Arts and Uber.”

During Q2, Box added over 4,000 paying new customers, and added or significantly expanded deployments with leading enterprises like Pfizer, Autodesk, Electronic Arts, the Federal Communications Commission, London Met University, Perkins+Will Global, Telegraaf Media Groep, Western Union, Uber, and more.  

Box grew its paying customer base to 66,000 businesses.

http://www.box.net

Wednesday, March 9, 2016

Box Hits Quarterly Sales of $85 Million, up 36% year-over-year

Box reported revenue for its fourth quarter of fiscal 2016 of a record $85.0 million, an increase of 36% from the fourth quarter of fiscal 2015. Billings in the fourth quarter of fiscal 2016 were a record $130.2 million, an increase of 59% from the fourth quarter of fiscal 2015. There was a GAAP net loss per share attributable to common stockholders, basic and diluted, in the fourth quarter of fiscal 2016 was $0.41 on 123.3 million shares outstanding, compared to $2.64 in the fourth quarter of fiscal 2015 on 20.0 million shares outstanding.

“Fiscal 2016 was a momentous year for Box with record revenue of more than $300 million. With new products like Box Platform, Governance, and KeySafe, and major customer wins in the fourth quarter with AIG, Genentech, Bain Capital, The Home Depot and Unilever, among others, we continue to be the platform of choice as enterprises move their content to the cloud,” said Aaron Levie, co-founder and CEO of Box. “We achieved higher operating leverage driven by our strong business model and execution, and we remain focused on expanding our customer base, increasing our scale and driving further operational efficiencies.”

“In the fourth quarter, we delivered strong year-over-year revenue growth of 36% and billings growth of 59%,” said Dylan Smith, Box co-founder and CFO. “These top-line results, coupled with our positive cash flow from operations, reflect our progress towards achieving positive free cash flow in the fourth quarter of fiscal year 2017. With strong strategic partnerships, expanding cross-selling opportunities, and a large market opportunity still ahead of us, we are well-positioned for both continued growth and future profitability.”

http://www.box.com

Thursday, February 4, 2016

Box Offers Encryption Key Management with AWS

Box introduced new solutions for customer managed encryption, ensuring independent control of encryption keys.

Box KeySafe is available in two offerings.  The first combines Amazon Web Services (AWS) and a dedicated hardware storage module (HSM) to protect keys used to encrypt sensitive data. The second integrates with AWS Key Management Service but doesn't require dedicated HSMs.

“Businesses of every size across even the most regulated of industries can now take full control of their data in the cloud with Box KeySafe,” said Aaron Levie, co-founder and CEO of Box. “Today, we’re making customer-managed encryption easier to deploy and more cost-effective than ever before, further raising the bar for security in the cloud.”

http://www.box.com

Friday, December 18, 2015

Box Extends its Strategic Sales Partnership with IBM

Box announced a new agreement to expand its strategic partnership with IBM.

The companies will undertake stronger go-to-market and sales commitments. With a new term that has the potential to last for a decade or more, the partnership underscores the companies’ long-term commitment to delivering modern enterprise content management and collaboration solutions.

“IBM and Box are committed to delivering world-class solutions that transform how businesses work,” said Aaron Levie, co-founder and CEO of Box. “We are thrilled to extend our partnership with IBM, further expanding our product capabilities and creating new go-to-market channels.”

Additionally, the companies announced today the general availability of two new product integrations for IBM Case Manager and IBM Datacap. The availability of these new solutions complements the previously announced product integrations with IBM Content Navigator and IBM StoredIQ.

http://www.box.com

Wednesday, December 2, 2015

Box Now Has 54,000 Paying Business Customers

Box reported revenue for the third quarter of its fiscal 2016 of $78.7 million, an increase of 38% from the third quarter of fiscal 2015. Billings in the third quarter of fiscal 2016 were a record of $89.4 million, an increase of 37% from the third quarter of fiscal 2015. There was a non-GAAP operating loss in the third quarter of fiscal 2016 was $37.9 million, or 48% of revenue.

During the quarter, the company grew its paying customer base to 54,000 businesses, including 55% of the Fortune 500. Box also increased the number of registered users to over 41 million.

“Enterprises in every industry are moving content to the cloud by investing in modern platforms that accelerate employee productivity and replace legacy systems,” said Aaron Levie, co-founder and CEO of Box. “As our strong revenue growth in Q3 indicates, Box is uniquely positioned to drive this transition. We continue to deliver innovations like Box Governance and Box Platform that differentiate us from competitors and assist our global customers to standardize on Box as their next-generation content platform.”

http://www.boxinvestorrelations.com/

Friday, January 23, 2015

Box Surges 66% in IPO

In their first day of trading, shares in Box (NYSE:BOX) surged 66% over the IPO price of $14.00 per share to close the day at $23.23.

Box offered 12,500,000 shares of its Class A common stock.   Box is based in Los Altos, California.

http://www.box.com

Thursday, September 4, 2014

AT&T NetBond to MPLS VPNs to Box Cloud

Box announced an alliance with AT&T under which AT&T business customers will be able to use the AT&T NetBond service as a highly secure on ramp to the Box cloud.

AT&T NetBond uses the carrier's MPLS-based VPN service instead of the public Internet. AT&T NetBond uses patented technology and dynamically scales networking resources as a company’s cloud needs change.  The new Box – AT&T NetBond solution is expected to be available in the first half of 2015.

“Box and AT&T are a powerful combination that provides companies with transformative solutions to mobilize their business while giving them streamlined access to the content they need for greater and enriched collaboration,” said Abhi Ingle, SVP Advanced Solutions, AT&T Business Solutions.

The companies are also working to integrate Box into AT&T Toggle, AT&T’s bring-your-own-device solution.

http://www.box.net
http://www.att.com


  • Earlier this week, Box unveiled several important enhancements to its cloud service, including Box Notes; introduced Box Workflow, a new product that reimagines business processes in the cloud; and Box for Industries, a new initiative to deliver end to end solutions tailored to specific industries, such as Retail, Healthcare and Media & Entertainment. In addition, the company also announced the availability of Box Retention Management and new metadata capabilities.


Tuesday, July 15, 2014

Box Adds Office 365 Integrations, Removes Storage Limits

Box announced two new integrations with Microsoft Office 365 and removed storage limits for all customers of its Business plan.

“The competition for business customers will no longer be about how much information a solution enables them to store, but rather, what it allows them to do with that information,” said Aaron Levie, co-founder and CEO, Box. “Our deep integrations into the Office 365 suite expand our commitment of building capabilities that make content stored on our platform more valuable, information more powerful, and companies of all sizes more connected.”

http://www.boxworks2014.com


In June, Microsoft extended its offer of 1 TB of OneDrive storage to all versions of Office 365, including the 5-person home version that costs $9.99 per month and the personal version costing $6.99 per month.

Microsoft said the landscape for online services is quickly changing and that merely providing cloud storage is table stakes.  By providing 1 TB with Office 365, Microsoft effectively supercedes the storage-only providers. 


Google responded by announcing Drive for Work, a new premium offering for businesses that includes unlimited storage, individual file sizes up to 5TB, advanced audit reporting and new security controls for $10/user/month. Google Drive for Work offers 24x7 phone support and a 99.9% uptime guarantee.

Monday, July 7, 2014

Box Announces $150 Million Investment

Box announced a $150 million investment from TPG Growth and Coatue Management.  The company, which filed an S-1 registration statement in March with the S.E.C., said TPG Growth will also appoint a director to the Box Board of Directors. Terms of the transaction were not disclosed. The company said it now has more than 27 million individual users at more than 240,000 businesses globally as customers.

"Our mission is to help organizations be more productive, collaborative and competitive by connecting people and their most important information. This focus has been instrumental in building a customer base that includes some of the most influential businesses in the world,” said Aaron Levie, co-founder and CEO, Box. “We’re excited to work with TPG Growth and Coatue as we continue to aggressively invest in our customers, technology, and future growth.”

http://www.box.net


  • Box was founded in 2005 and is based in Los Altos, California.

  • In December, Box announced $100 million in new venture funding and strategic partnerships with with Itochu Technology Ventures, Macnica, Mitsui USA, MKI, Telefónica Digital and Telstra. Coatue, DST Global, and existing Box investors also participated.

Monday, March 24, 2014

Box.net Files for IPO

Box filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock.

http://www.box.net


  • Box, which was founded in 2005, has evolved from being a cloud storage provider to an "enterprise platform" in which its API provides app developers with easy access to its infrastructure. Box claims more than 20 million users worldwide at more than 180,000 businesses.
  • Box is based in Los Altos, California.
  • In December, Box announced $100 million in new venture funding and strategic partnerships with with Itochu Technology Ventures, Macnica, Mitsui USA, MKI, Telefónica Digital and Telstra.  Coatue, DST Global, and existing Box investors also participated.


Wednesday, March 19, 2014

Padmasree Warrior Joins Box's Board

Padmasree Warrior, Chief Technology and Strategy Officer for Cisco, has joined the board of directors of Bos.

“Padma is an extraordinary leader with deep insights into global technology trends and a wealth of experience leading innovative, world-class organizations,” said Aaron Levie, co-founder and CEO, Box. “We are in the midst of a once-in-a-generation shift to a world defined by cloud and mobile computing. Padma will be a great resource for both Box and our customers as we navigate this transition.”

“The cloud and mobile devices are dramatically changing how people use and share their content, and Box is at the forefront of building both an innovative product and an enterprise platform that can define this new era of work,” said Padmasree Warrior. “I’m thrilled to be joining the Box board and to be a part of a team and company with such potential.”

http://www.box.com

Wednesday, December 11, 2013

Box Expands its Cloud Partner Programs

Box announced partnerships with leading systems integrators, including Capgemini, Tech Mahindra, Volo Solutions, Statêra, 360 Cloud Solutions, ASMGi and 7 Summits, to help companies drive more value from their cloud platform.

“Our partner ecosystem is crucial to ensuring that businesses of all sizes across all geographies have the resources and expertise required to transition to Box’s content collaboration platform,” said Chris Penner, vice president of Channel at Box. “With the Box Partner Network, we’re ensuring that our partners have the tools and knowledge they need to be successful members of the Box ecosystem, and in turn pass that success along to customers.”

Launched in 2012, the Box Partner Network has grown to more than 500 partners. In addition to inaugural channel partners including CDW, Ingram Micro Inc. and Softchoice, Box has added key new channel partners SHI, Nexus IS, Enterprise Mobile, and Insight Direct.

http://blog.box.com/2013/12/new-partners-new-growth-and-a-new-services-program-for-box/


Friday, December 6, 2013

Box.Nets Adds $100 Million in Funding, New Strategic Partners

Box announced $100 million in new venture funding and strategic partnerships with with Itochu Technology Ventures, Macnica, Mitsui USA, MKI, Telefónica Digital and Telstra.  Coatue, DST Global, and existing Box investors also participated.

Box offers a cloud-based content sharing platform with APIs enabling integration into enterprise applications and systems.

"The combination of cloud and mobile technologies creates an entirely new way of working that will fundamentally reshape the IT industry," said Aaron Levie, co-founder and CEO, Box. "Our new partners will help us connect and work with businesses in key global markets as they manage this transition."

Box highlighted a number of milestones, including:

  • More than 20 million users worldwide at more than 180,000 businesses.
  • Deployments with major global companies, such as Schneider Electric, Toyota Motor Sales, USA, Inc., Rosetta Stone, and eBay Inc.
  • Opening offices in London, Munich and Paris
  • Appointing Katsunori Furuichi as President, KK Box Japan. Furuichi most recently serving as president and CEO of Verisign Japan. 

http://www.box.com

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