Dropbox Acquires Tigris Data for $350 Million to Boost AI Infrastructure
· Technology · TechCrunch
Dropbox is acquiring cloud technology company Tigris Data for $350 million to strengthen its artificial intelligence infrastructure capabilities. The transaction is expected to close in the fourth quarter of 2026, and the company has no current plans to reduce headcount as part of the acquisition. The deal supports the development of DBX Agent Cloud, a new storage platform designed for businesses and developers building AI models and agents. Tigris Data was founded by former Uber engineers and provides cloud storage technology that automatically positions data closer to users and computing resources. Dropbox previously acquired AI-focused companies including Reclaim.ai and Promoted.ai as part of its broader push into artificial intelligence.
Why it matters
The acquisition scales Dropbox's cloud storage infrastructure for AI developers and enterprise users, positioning the company to compete more directly in the enterprise AI market.
Read the original report — TechCrunch
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.