Dropbox Acquires Tigris Data for $350M to Power DBX Agent Cloud
Dropbox is buying Tigris Data, a data infrastructure startup, for $350 million. The deal will help build out Dropbox's AI backend. Tigris will support DBX Agent Cloud. That's a new storage platform for developers who build AI models and agents. The purchase shows where Dropbox wants to go. The company started as a file-sync tool. Now it wants to sell infrastructure for agents.
Tigris Data runs a data platform spread across multiple clouds worldwide, built for AI workloads.
DBX Agent Cloud is built for developers who build and deploy AI agents at scale.
The $350M price tag shows what buyers will pay for data infrastructure built for AI.