Cloud storage stores files.Data rooms close deals.
Box is built for enterprise file storage and collaboration. When you need page-by-page analytics, screenshot protection, NDA gating, and AI document chat for fundraising or M&A, you need Peony.Set up in under 5 minutes.
No credit card required
Side-by-side comparison
Box is enterprise cloud storage. Peony is a purpose-built virtual data room with analytics, security, and AI features designed for secure deal sharing.
PeonyWhy teams switch from Box to Peony
Box is a solid cloud storage platform. But when you need to share documents securely with investors, buyers, or partners — and track exactly how they engage — you need a purpose-built data room.
Page-level analytics
Box tracks file downloads and edits. Peony tracks every page view, time spent per page, scroll depth, and visitor details — so you know exactly what investors focus on.
Document security
Screenshot protection, dynamic watermarks, NDA gating, 2FA, and link expiry are all built into Peony. Box focuses on storage security, not document-level protection.
Data room structure
Peony organizes documents into branded data rooms with granular per-viewer access controls. Box is a flat file storage system — not designed for deal workflows.
AI document chat
Peony lets external recipients — investors, buyers, partners — chat with your data room documents and get instant answers 24/7. Box AI is internal-only and Enterprise-gated.
Pricing comparison
Peony gives you data rooms, analytics, AI chat, and advanced security — at the same price point as Box cloud storage without those features.
Peony
Free
$0
2 GB storage
Pro
$20/admin/mo
200 GB storage
Business
$40/admin/mo
1 TB storage
Data rooms, page analytics, AI chat, e-signatures, and security included on all plans.
Box
Individual
Free
10 GB storage, no data room
Business
$20/user/mo
Cloud storage only
Business Plus
$33/user/mo
Cloud storage only
No data rooms, no page analytics, no screenshot protection, no NDA gating.
When to use each platform
Box excels at enterprise file storage and internal collaboration. Peony is the better choice when you need secure external document sharing with analytics and data-room workflows.
Choose Box when you need
Enterprise-wide file storage and sync across teams
Internal collaboration on documents with co-editing and comments
Deep integrations with enterprise tools (Slack, Salesforce, Office 365)
General cloud storage — no data room or analytics needed
Choose Peony when you need
A secure data room for fundraising, M&A, or due diligence
Page-by-page analytics to see what investors and partners actually read
Document security: screenshot protection, watermarks, NDA gating, link expiry
AI document chat so recipients get answers instantly
E-signatures and secure sharing in a single platform
A free tier to get started without a credit card
What Peony gives you that Box does not
Organize documents into secure, branded data rooms
Box stores files in folders. Peony organizes them into branded data rooms with granular per-viewer access controls, custom permissions, and deal-ready structure — purpose-built for fundraising, M&A, and due diligence.
Know exactly what your recipients read
Box shows you who downloaded a file. Peony shows you every page view, time spent per page, scroll depth, and visitor details. See which sections of your pitch deck investors care about most — and follow up with precision.
Protect sensitive documents at every stage
Box secures files at the storage level. Peony secures the entire document lifecycle — from sharing to viewing to expiry. Screenshot protection, dynamic watermarks, password protection, 2FA, and NDA gating are all included.
Screenshot protection
Block screen captures of sensitive documents. Box has no screenshot protection — once a file is opened, it can be captured freely.
Dynamic watermarks
Every page stamped with the viewer's identity and timestamp. If a document leaks, you know exactly who shared it. Box offers no per-viewer watermarking.
NDA-gated access
Require viewers to sign an NDA before accessing documents. Built-in e-signatures make it seamless — no separate tool needed. Box has no NDA gating capability.
Frequently asked questions
How does Peony compare to Box for data rooms?
Peony is a purpose-built data room platform with page-by-page analytics, screenshot protection, dynamic watermarks, and NDA gating — all included on the free plan. Box is enterprise cloud storage designed for general file management, not secure deal sharing. Peony gives you everything you need for fundraising, M&A, and due diligence out of the box.
Is Peony cheaper than Box?
Yes. Peony starts free ($0) with 2 GB of storage and includes data rooms, analytics, and security features. Box Individual is free but has no data room, analytics, or document security features. Box Business starts at $20/admin/month for basic cloud storage — while Peony Pro at $20/admin/month includes a full data room, page analytics, AI chat, and advanced security.
Does Box have page-by-page document analytics?
No. Box tracks file-level activity like downloads and edits but does not offer page-by-page analytics. Peony provides detailed page-level engagement tracking showing exactly which pages each viewer read, how long they spent, and what they focused on.
Can Box protect documents from screenshots?
No. Box has no screenshot protection. Once a user opens a file in Box, they can freely capture the screen. Peony includes built-in screenshot protection that blocks screen capture tools, keeping your sensitive documents safe during fundraising and due diligence. Peony's infrastructure is SOC 2-ready, GDPR, CCPA, and HIPAA compliant.
Does Box offer NDA gating for shared documents?
No. Box does not support requiring an NDA before document access. Peony offers built-in NDA gating that requires viewers to sign a non-disclosure agreement before they can access your data room — with e-signatures included, no separate tool needed.
Can I use AI to chat with documents in Box?
Box has Box AI for enterprise plans, but it focuses on internal productivity. Peony includes AI document chat that lets external recipients — like investors or buyers — ask questions about your shared documents and get instant answers 24/7, directly inside the data room.
"Peony has been great for sharing documents with investors, employees, and customers. It's easy to use, good value, and new features are constantly being added. Definitely recommend!"
Ed Harris
Founder & CEO, Ligo Bio (YC S24)
Y Combinator S24