dLoop, a provider of advanced data analytics to discover content and capture insights from within an enterprise, has been acquired by Box.
The amount of the deal was not disclosed.
dLoop’s co-founder Divya Jain is joining Box to lead the advanced content analysis and data classification efforts.
The acquistion aims to give Box the capacity to extend its functionality with new enterprise controls that provide admins greater safeguards around enterprise content. Instead of forcing enterprise admins to rely on search strings and regular expressions, Box will automatically locate related content that they need to see.
dLoop’s technology creates continuous document graphs and clusters from a pile of unstructured content using machine-learning algorithms and helps discover normally unreachable docs, strengthening cloud security and increasing visibility of high value content.
Founded in 2005 by CEO Aaron Levie and based in Los Altos, California, Box provides a content-sharing platform for over 10 million users and 120,000 companies. Content on Box can be accessed through desktops, laptops, phones, tablets … and extended to Google Apps, NetSuite and Salesforce.
The company is backed by venture capital firm Scale Venture Partners, Draper Fisher Jurvetson and U.S. Venture Partners.