Ashton Kutcher to invest in Aaron Levie's Box

CEO of cloud storage company Box, Aaron Levie

For a cloud storage company that has some major competition, Box's future seems to be getting brighter and brighter. We interviewed the company's CEO Aaron Levie at South By Southwest ahead of his presentation in Austin, and he let us in on a bit of news. Just as Box is projecting to double revenue this year to over $200 million, Levie and company have also drawn new funding from Ashton Kutcher. Ahead of the announcement, Levie told us: 

"Ashton Kutcher and Guy Oseary invested in the company, and that was really around our focus and strategic push within the media and entertainment space...Companies like Sony Music, CIA, Live Nation, Wasserman Media Group -- all of these companies use Box to share and collaborate around their information, and we would like to go work even deeper in this market, so we are looking forward to having them on as strategic partners."

Our interview with Levie touched on everything from the pressures of a young entrepeneur to how Box was able to survive in a space where giant companies like Microsoft and Amazon were already established. Check back here for the full interview. 

About the author

Ben Johnson is the host of Marketplace Tech.

Comments

I agree to American Public Media's Terms and Conditions.
With Generous Support From...