Cloud storage company Box is valued at $150 million for $125 million in investment

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July 31 News, according to foreign media reports, U.S. Private equity fund pan-Atlantic Capital Group (General Atlantic) $125 million trillion has been invested in the cloud storage company box, according to people familiar with the matter, which is the third financing that box has received in the past 18 months, with a current valuation of 1.2 billion to 1.5 billion dollars.

Before this round of financing, Salesforce and SAP Ventures had invested 81 million of dollars in box.

The company, located in Mountain View, Calif., has been expanding its sales force in the past few months, and its expansion has been strong, particularly in Europe. Box's chief executive, Aaron Levie, was 27 years old and, under his leadership, Box had competed with Microsoft's SkyDrive and Google's drive products, Allen Livai.

In an interview, Allen Livai said the company is now flush with cash, holding 40 million of dollars in cash (equivalent to half the size of the round).

The $125 million trillion in financing will give box a bigger stake in IPO time, but the company's top priority is not to make an IPO but to expand its market share.