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Box history
Box company history timeline
When Box launched officially in 2005, Levie and Smith used $15,000 in online poker winnings that Smith had been saving to rent server space.
By early 2006, at least a dozen cloud storage companies were vying for dominance, including Allmydata.com, Mozy, Strongspace, and Xdrive.
Growth had been steady, but by early 2007, Levie began to wonder whether the consumer market was big enough to sustain the kind of growth he envisioned.
In February 2009, Box went one step further in its media assault on Microsoft by erecting another billboard, this one highlighting the many aspects of SharePoint that were most unpopular among its user base.
Even in 2009, Levie was excited about what he described as “the consumerization of the enterprise.” Until that point, not only had enterprise software development focused almost exclusively on function over form, it had done so at a glacial pace.
The company had built a platform for developers in 2011 known as the Box Innovation Network, which functioned similarly to an app marketplace.
Consumer apps like Evernote convert free users to paid plans at a rate of approximately 3%. Box was converting free users to paid plans at a rate closer to 8%, including major corporate customers such as Bank of New York and ambient advertising powerhouse Clear Channel. As a result, Box achieved revenues of more than $11M in 2011.
Figure 8: Box’s Revenue and Core Earnings Since 2013
By 2015, Box had developed a reputation for bucking trends and defying the predictions of so-called experts.
In February 2016, Box added a document-scanning feature to its iOS app and introduced Box KeySafe, which gave users more control over how their encryption keys were managed.
Figure 2: Box’s YoY Change in Paying Users Since 2017
Jump forward to today, and the 2020 consensus estimate has risen to $0.58/share, despite underwhelming growth, relative to peers, during the shift to work-from-home.
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Box competitors
Company Name  | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| Adobe | 1982 | $17.6B | 11,847 | 688 |
| Twilio | 2008 | $3.8B | 6,000 | 57 |
| 1998 | $282.8B | 139,995 | 2,661 | |
| Splunk | 2004 | $3.7B | 7,000 | 12 |
| VMware | 1998 | $13.4B | 31,000 | 3 |
| Citrix | 1989 | $3.2B | 9,000 | 6 |
| Cloudera | 2008 | $869.3M | 2,728 | 21 |
| Intuit | 1983 | $9.6B | 10,600 | 452 |
| Zendesk | 2007 | $1.3B | 5,921 | 183 |
| Juniper Networks | 1996 | $5.3B | 9,400 | 79 |
Box history FAQs
Zippia gives an in-depth look into the details of Box, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Box. The employee data is based on information from people who have self-reported their past or current employments at Box. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Box. The data presented on this page does not represent the view of Box and its employees or that of Zippia.
Box may also be known as or be related to BOX INC, Box, Box Inc, Box, Inc. and Box, LLC.