Dropbox to acquire Tigris Data for $350 million to expand AI infrastructure
Overview
Dropbox says it will acquire cloud storage company Tigris Data for $350 million, which it calls its largest acquisition to date.
The deal is expected to close in the fourth quarter of 2026. Dropbox says Tigris will support DBX Agent Cloud, a storage platform for businesses and developers building AI models and agents.
Dropbox also says it has no plans to reduce headcount as a result of the acquisition.
Written by AI from the articles below · updated Nov 5, 10:59 AM ET
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- TechCrunch · AINewsDropbox acquires Tigris Data for $350M to bolster its AI infrastructure
AIDropbox says it will acquire cloud storage company Tigris Data for $350 million, which it calls its largest acquisition to date. The deal is expected to close in the fourth quarter of 2026 and will support DBX Agent Cloud, a storage platform for businesses and developers building AI models and agents. Dropbox also says it has no plans to reduce headcount as part of the acquisition.
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