Andreessen Horowitz and others send a big signal that web-based enterprise software startups are gaining clout with their latest investment.
Back in 2005, Aaron Levie and Dylan Smith were college dropouts with a collective $11,000 and a not-so-sexy startup idea for an online storage and collaboration service. Today, the entrepreneurial duo announced that their company, Box.net, has closed a whopping $48 million series D funding round.
The large investment is the latest sign MOREMichal Lev-Ram, writer - Feb 24, 2011 12:19 PM ET
A round-up of the companies, deals, and trends that made headlines.
Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the day's most newsworthy bits below.Ex-IBM exec Robert Moffat was sentenced to six months in jail, (See: After the sentencing: What's ahead for Robert Moffat) two years of supervision, and ordered to MORE JP Mangalindan, Writer - Oct 14, 2010 7:57 AM ET
Tech titans are battling to pay big bucks for once bland computing firms. Two questions: Are they worth it? And who's next?
When tech titans HP (HPQ) and Dell (DELL) became entangled in a furious back-and-forth bidding war over 3PAR (PAR), they unwittingly introduced much of the public to a decidedly-unsexy area of tech that is becoming indispensable in our increasingly smartphone'd, tabletized, app-driven world : cloud computing.
In fact, HP's $2.4 billion acquisition MOREJP Mangalindan, Writer - Sep 20, 2010 3:00 AM ET
Jon Fortt of Fortune interviews Kevin Brown, CEO of Coraid, about his startup's approach to storage for the cloud computing era.
(DELL) (HPQ) (CSCO) (NTAP) (EMC) (STX) (WDC) (VMW) (CTXS) (IBM)
Picture this: A brilliant engineer in a Georgia college town invents a cheaper way to do high-end storage. For nearly five years he and a small team quietly sell systems to demanding customers like the Nathional Institues of Health, which uses the technology for the Human Genome Project.
Eventually he realizes he can't run the company on a shoestring anymore and calls an old friend, who consults a legendary investor, who assembles MOREJon Fortt - Jan 25, 2010 7:00 AM ET
Social networking site elbows in on LinkedIn's job-finding franchise.
When it comes to finding a new job, they say it's all about who you know. With the rise of online social networks that has never been truer.
Today, 42% of adults in the U.S. with Internet access maintain a profile on a social networking site, up from 20% in 2007, according to Forrester Research. And in an economy where almost one-tenth of MOREJessica Shambora, Writer-Reporter - Sep 10, 2009 7:00 AM ET
By Scott Moritz
The tech sector -- read Cisco (CSCO), EMC (EMC), Dell (DELL), Hewlett-Packard (HPQ) -- got hit with more bad news as computer networking shop Foundry (FDRY) reported a sales shortfall in the first quarter. The news comes on the same day that everyone's favorite conglomerate, GE announced a stunning profit warning sending the market down early Friday.
GE (GE) said its weakness was in its financial services business, tied to MOREsmoritz - Apr 11, 2008 9:02 AM ET
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