Dropbox Plans $350M AI Infrastructure Deal With Tigris Buy, Its Biggest Acquisition Yet
Dropbox announced plans to acquire Tigris Data, a distributed data storage startup founded by former Uber engineers, for $350 million. Tigris builds localized data storage centers for AI workloads across multiple cloud providers. The acquisition supports Dropbox's shift into AI infrastructure, complementing its new DBX Agent Cloud offering for developers building AI applications.
Key points
- Dropbox acquires Tigris Data for $350 million, largest deal since founding
- Tigris provides distributed data storage for multi-cloud AI workloads
- Supports Dropbox's expansion from file storage into AI infrastructure
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Crunchbase News did the reporting; read the original for the full story.
Read the full story at Crunchbase News
