$350MStrategic acquisitionTechnology
Dropbox makes its biggest buy ever: Tigris Data for $350M
Dropbox agreed to acquire Sunnyvale-based Tigris Data, a distributed object-storage platform built for AI workloads, for $350 million, its largest acquisition since its 2007 founding. The deal, expected to close in the fourth quarter, accompanies the launch of DBX Agent Cloud, an S3-compatible storage service for AI agents.
Why it matters: It marks a strategic shift for Dropbox from file sharing toward selling the infrastructure companies use to build AI applications.
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