Dropbox Buys Tigris Data for $350 Million in Biggest Deal Ever
Dropbox is buying Tigris Data for $350 million in cash, and the Dropbox Tigris acquisition is the biggest deal in the company’s 19-year history. The agreement was signed November 3 and announced Thursday, November 5, alongside a new business called DBX Agent Cloud that will sell storage to companies building AI applications. For a company that made its name syncing files between your laptop and your phone, this is a sharp turn. Dropbox isn’t buying a consumer app. It’s buying pipes — the kind of storage infrastructure that AI agents and models need to hold the images, videos, and documents they work with. ...