Dropbox Acquires Tigris Data for $350 Million to Enhance AI Infrastructure
Dropbox (DBX) has announced its largest acquisition to date, purchasing cloud technology firm Tigris Data for $350 million. The deal is intended to bolster Dropbox's AI infrastructure and support the launch of DBX Agent Cloud, a new storage platform designed for businesses and developers building AI models and agents. The transaction is expected to close in the fourth quarter of 2026. The acquisition will allow DBX Agent Cloud to offer object storage compatible with Amazon S3, enabling seamless integration with existing tools. Additionally, Dropbox plans to integrate advanced AI capabilities into its core product, allowing users to interact with files using various models and connect content to third-party services like ChatGPT and Claude. Tigris Data, founded by former Uber engineers, provides high-performance cloud storage that optimizes data proximity to computing resources.
Topics: AI Infrastructure Artificial Intelligence Cloud Storage Corporate Acquisition
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Part of the story Dropbox Exceeds Q3 Revenue Guidance Driven by AI Integration and Tigris Acquisition (5 articles)