Box, one of the most popular service for storing data in the cloud, has collected about $100 million of fresh investment capital, according to company's CEO Aaron Levie. In search for investors they turned to Europe, Japan, Australia and Latin America, since these are regions where they are planning to expand their business. After collecting this amount, the value of the company is estimated at about $2 billion.
Microsoft has decided to add more space for storage users of Office 365 and SharePoint Pro SkyDrive service. Initial 7 GB Microsoft upgraded to 25 GB of storage space , which can be further expanded to a maximum of 100 GB. The 7 GB limit of free storage on SkyDrive was determined based on the behavior of 99.94% of their users.