# 3 Box Inc
Box ,well known cloud storage provider has announced that it has secured a gigantic $125 million funds which will be used for global expansion and a whopping IPO up next year, reports VB Deals. “One of the big focuses of this round is global expansion, especially in Europe,” Box CEO Aaron Levie says. “But we’re also looking at Japan, Hong Kong, Singapore, Australia, and others. We’re doing what it takes to support the world’s largest companies.”
This funding was led by General Atlantic, along with Bessemer Venture Partners, DFJ Growth, New Enterprise Associates, SAP Ventures, Scale Venture Partners, and new investor Social+Capital Partnership.
The cloud storage company provides a cloud storage platform and faces stiff competition with Google, Microsoft, Egnyte, Nirvanix, and more.