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Evernote, Cloud-Storage Sites Vie for Billion-Dollar Valuations

Facebook Inc. and Twitter Inc. have created billion-dollar valuations by connecting the world. A group of startups aims to do the same by organizing it.

Evernote Corp., Dropbox Inc. and Box.net let users store their notes, documents, images and other content in the cloud. That means the information is kept in remote data centers, accessible from any Web-connected computer. The companies are raising venture-capital funding as they set their sights on initial public offerings or big-money buyouts.