Palo Alto, Calif. – Box, a Palo Alto-based provider of online file-sharing services, said on Tuesday it has raised $81 million in an expansion of its fourth round of venture capital, which was led by and SAP Ventures.

Seven million individuals and 100,000 businesses currently uses Box’s service to share and manage content in the cloud, with 250,000 new users joining each month, according to the company.

Box was founded in 2005 and has raised a total of $162 million in venture capital to date. Other investors in the company include Bessemer Venture Partners, NEA, Andreessen Horowitz and Draper Fisher Jurvetson Growth.

This article was also published in Bay Area Tech Wire.

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