TechCrunch AI· Lauren Forristal·· 3 hours agoSelectedAI score70
Dropbox Acquires Tigris Data for $350M to Bolster AI Infrastructure
Dropbox acquires Tigris Data for $350M to bolster its AI infrastructure
AI guide
Dropbox announced it will acquire cloud technology firm Tigris Data for $350 million. The deal, expected to close in the fourth quarter of 2026, aims to strengthen Dropbox's AI infrastructure and develop DBX Agent Cloud, a storage platform designed for enterprises and developers.
Why it matters
The acquisition highlights how legacy cloud storage providers are pivoting toward agentic storage infrastructure, offering a model for cross-task scheduling of multimodal files.
Source:TechCrunch AI · techcrunch.com