Today in Cloud

Cloud storage player, Box has raised $150 million in funding to expand internationally claiming 20% of its revenues and about half the activity on its service is outside the U.S. It announced its move into Europe last month and will probably be in Asia Pacific by year end. An interesting phenomenon with cloud services is that they are international from day one, whether the cloud provider is ready for it or not. Moving technology closer to those customers to maintain performance becomes imperative very quickly if they expect to keep those users. But building out data centers across the globe costs big money, hence the hefty round of investment.