Bangalore: Box, a popular file-sharing and cloud storage company has been funded consistently for its innovative idea of sharing documents through cloud. This funding marks its second procurement and has been a hot investor favorite unlike other startups.

This California based online cloud-file storage company has raised funding from General Atlantic, a late stage private equity firm. This funding has given a seat on Box’s Board of directors and Gary Reiner, GA operating partner and former General Electric CIO and senior vice president will occupy that chair as reported by networkworld.com.

"He's a significant addition to our board of directors, He brings depth of experience in enterprise software and in the challenges that companies of GE's scale face in their IT strategies" said Box CEO Aaron Levie.  The procured funds would be utilized for international expansion and to strengthen its cloud –hosted enterprise collaboration, file sharing, storage and content management software.

The CEO, Levie also says that their plans on going IPO aren’t on the agenda. He said "The benefit of a funding round of this size is that it puts us in a capital position where we don't have to go public in the near future," the funding will also used for more of its international expansion, which was launched in July when it opened its office in London.

Box has so far successfully raised $287 million in funding in the first half of the year and its sales grew 200 percent more. This cloud company has about 120,000 customers worldwide and also 92 percent of the fortune 500 companies uses its services. Their client list includes Dell, Proctor and Gamble, ESPN, Mcafee and Random House.

Box also has announced the application to access its software from Windows Phone 7.5 devices. It has also partnered with Qualcomm, in which the chip maker would suggest and recommend to its device manufacturers to pre load the box application in their smart phones and Android tablets.