Dropbox Acquires Tigris Data for $350M to Power Its Agent Cloud
Dropbox is buying Tigris Data for $350 million. Tigris is a data infrastructure startup. The deal will help Dropbox speed up work on DBX Agent Cloud. That is a new storage platform. It is built for developers who make AI models and autonomous agents. The deal shows Dropbox wants to grow past file sync. It wants a place in the plumbing layer of enterprise AI. Tigris brings fast data primitives spread across the globe. Those fit well with agent workloads. The deal should close in the coming months. It still needs regulatory approval.
Deal valued at $350 million, mostly in cash and stock
DBX Agent Cloud is aimed at developers who build AI models and multi-step agents.
Tigris Data's globally distributed storage primitives are the core technology being acquired