Crocodoc, an angel-backed startup that offers document-viewing software to enterprises, announced Thursday that it has been purchased for an undisclosed amount by Box Inc., a venture-backed cloud storage company. An alumnus of incubator Y Combinator, Crocodoc has raised about $1 million in angel funding, according to Reuters.
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Box has hired three enterprise technology executives. Justin Somaini, Yahoo!’s ex-chief information security officer, has joined Box as the company’s first chief trust officer. Niall Wall, a Symantec veteran, has joined Box as their SVP of business development. And Jeff Mannie, an ex-PayPal executive, was named Box’s VP and controller.
Call them the cream of the venture crop, the 472 high flying U.S.-based companies with valuations above $100 million and exciting businesses to justify them.
Venture capitalists remained cautious during the summer months of a presidential election year, reining in third quarter investments in the face of a slow economy and soft IPO market. Investments by U.S. firms came to $6.49 billion in the quarter down 11.6% from a year ago.
Intel Capital said Tuesday it invested about $40 million in 10 startups, including Box, Hungama.com and Jelli. The announcement was made at the organization’s two-day Global Summit in California. The focus of the companies varies from cloud collaboration and digital entertainment to mobile payments and device interaction. Along with Box, the new portfolio companies include LIFO Interactive, NewAer, PagPop, Tier 3, Transmension, FocalTech and UUCun. Individual deal details were not disclosed.
Aydin Senkut, founder and president of Felicis Ventures, says that he has some 20 exits to his credit. But his investment in Milo.com wouldn’t have happened if it weren’t for what he called “an epic game of pool” with Box co-founder and CEO Aaron Levie. Speaking at the Startup Exits event last week at RocketSpace [...]