Box reported better-than-expected first quarter results and raised its outlook as its content and unstructured data platform carves out a key role as enterprises move to AI agents.
Will Box become the content and context enabler of the agentic AI food chain? Box CEO Aaron Levie is betting on it.
Box launched new AI features for Enterprise Advanced customers and said it will add consumption-based pricing via Box AI Units.
Box reported better-than-expected second quarter results with revenue growth of 3% due to currency fluctuations and an improvement in remaining performance obligations (RPO) and billings. Box also raised its outlook for the third quarter.
Box said it has acquired Alphamoon Technology in a move that will enable it to combine large language models (LLMs) and document processing technology to its platform.
Box, which has integrations with all of the primary players in the enterprise stack, is looking to be an abstraction layer connecting AI models to content.
Box added a new integration with Microsoft Azure OpenAI Service in a move that will bring more large language models to Box AI, which is available to customers with Enterprise Plus plans.
"I strongly believe that this is going to have a net positive impact to just knowledge worker productivity as opposed to a net replacement to kind of large swaps of knowledge work," said Box CEO Aaron Levie.
