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Box Score Another Huge Customer: Toyota - Business Insider

Box Score Another Huge Customer: Toyota - Business Insider Enterprise BI Intelligence Events Trending Tech Insider Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Box Just Scored Another Huge Customer: Toyota Eugene Kim Jul. 9, 2014, 5:20 PM 4,001 facebook linkedin twitter email print Follow Business Insider: Box CEO Aaron Levie Wikipedia/Fortune Brainstorm TECH 2011 Cloud storage startup Box announced that it snagged another huge customer on Wednesday. Toyota is choosing Box for its entire North America business units. Box didn't comment on how big this deal was financially, merely saying that it covered thousands of employees. But this is Box’s first major corporate deal since raising $150 million at a $2.4 billion valuation earlier this week . By using Box, Toyota employees will be able to access and share content across any device, Box says. Today’s deal shows Box is snagging big corporate contracts. Just two months ago, Box announced a similar deal with General Electric, which CEO Aaron Levie called a "tipping point" for the company. The GE deal will help it land more big customers, and encourage more developers to write apps for the Box platform, Levie told Forbes' Alex Konrad. Box already claimed some big customers like eBay, Proctor & Gamble, and Schneider Electric. The company has 39,000 corporate clients in total and 27 million individual users, it says. All of that could help the company encourage investors to bite when it goes public, which it will do soon. Box filed its pre-IPO paperwork in March, but hasn't pulled the trigger yet. Sources say it delayed its IPO, blaming a cooling market for cloud software companies. The company is still reportedly going to go public this year. Investors may still have doubts about Box’s finances, because the company is burning through its cash at a high rate, which some estimate to be twice as large as its competitors' . But it's spending its money mostly on sales and marketing, and deals like this one seem to prove that this choice is paying off. In fact, Box’s sales rose 94% last quarter to $45.3 million, compared to $23.4 million from the same quarter of last year. It reported a $38.5 million loss for that quarter. More: Cloud Computing Box Aaron Levie Toyota Enterprise startup facebook linkedin twitter email print Box Just Scored Another Huge Customer: Toyota Box Just Scored Another Huge Customer: Toyota Cloud storage startup Box announced that it... Welcome, ! You are logged into Facebook Social: Your Activity | These articles have been shared on your timeline. You can remove them here: Options Notify me when a story is shared. Yes No Welcome, ! You are logged in with Google Social: Your Activity | These articles have been added to your Google activity log. You can remove them here: Options Notify me when a story is shared. Yes No Follow us on: Also check out: * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy . Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UK DE AUS ID IN MY SG PL SE NL FR IT