Overview
Box is preparing to launch a new AI-oriented product named Box Automate that is designed to speed up repetitive corporate tasks, including invoice processing and extraction of important information from unstructured documents, CEO Aaron Levie said. Speaking at the Momentum AI summit in New York, Levie indicated the company would make the service available within 24 hours.
How Box Automate works
According to Levie, Box Automate builds on earlier artificial intelligence initiatives the company has developed to organize and exploit large, disorganized enterprise data stores. The service lets customers define how AI agents - software programs that perform tasks with minimal direction - integrate with business processes to work on unstructured file types such as invoices.
Levie said the software can deploy an AI agent to process very large volumes of documents, citing the ability to handle 10 million invoices and extract key data from each of them.
Commercial positioning
Box expects the new offering to encourage customers to upgrade to its Enterprise Advanced plan. That tier, the company says, permits customers to develop and deploy agents that drive the automation Box Automate provides.
Context and limitations
The comments on Box Automate were made in an interview at the Momentum AI summit in New York. Beyond the announced near-term launch window and the capabilities described by the CEO, details such as pricing, broader availability, and deployment timelines were not provided in the remarks.
Implications for customers and markets
If customers adopt Box Automate at scale, enterprises that manage large volumes of unstructured documents - including finance and accounting teams responsible for invoice processing - could see workflow changes tied to automated extraction and processing. Box’s commercial strategy, as described by the company, centers on using the product to move customers toward higher-tier subscriptions with agent-building capabilities.