Dropbox acquires Tigris Data for $350M to bolster its AI infrastructure
Dropbox has acquired Tigris Data, a data infrastructure company, for $350 million. The acquisition is designed to bolster Dropbox's AI capabilities and support the development of DBX Agent Cloud, a new storage platform aimed at developers building AI models and agents. This move reflects Dropbox's strategic pivot toward AI-native tools and infrastructure.
Key points
- Dropbox acquired Tigris Data for $350M
- Aims to strengthen AI infrastructure capabilities
- Supports development of DBX Agent Cloud platform
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