I'm thrilled to announce today that Box is acquiring Streem, a Y-Combinator-backed startup focused on letting you get to all of your content in the cloud, right on your desktop. The entire team at Streem will be joining Box to help work on the future of content management and collaboration in the enterprise.
Streem has developed amazing technology that allows you to mount a cloud drive onto your computer -- making documents, presentations, videos and files available to you without the limitations of your local hard-disk, effectively turning the cloud into an "unlimited" drive. Rather than files living directly on your computer's disk, they are instead securely "streamed" to you on demand when you need to interact with them. And to further optimize the experience and support low-bandwidth environments, Streem has developed enhanced video and media streaming technology to ensure content is accessible from the cloud as fast as it is locally.
For customers across data-intensive industries like Media & Entertainment, Oil & Gas, Healthcare, and Manufacturing, this means instant access to far larger volumes of data than what your local drives can support. For enterprises in regulated industries like Life Sciences and Financial Services, it means better protection and control of information and where it lives. While no specific timeline is set for when you'll see Streem's various technologies incorporated into Box, we're excited to work with the team to rapidly make this happen.
As more and more business information moves to the cloud, our job at Box is to make that information increasingly accessible and useful, across all your devices and the people you're working with. We'll continue to invest in and build technology that allows enterprises to get the most out of their content when it's on Box.