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Dropbox acquires Tigris Data for $350M to bolster its AI infrastructure
The deal is expected to support the development of DBX Agent Cloud, a new storage platform aimed at developers building AI models and agents.
Dropbox is making a big push into AI infrastructure with a $350 million acquisition of cloud technology company Tigris Data, marking what appears to be its largest acquisition to date.
Announced Thursday, the deal is expected to strengthen Dropbox’s AI infrastructure capabilities and support the development of DBX Agent Cloud, a new storage platform aimed at businesses and developers building AI models and agents.
Dropbox told TechCrunch via email that the transaction is expected to close in the fourth quarter of 2026. The company also said it currently has no plans to reduce headcount as part of the acquisition. The company already cut 9% of its global workforce last month, WSJ reported.
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