Dropbox has announced plans to acquire Tigris Data for $350 million, marking its biggest purchase since the company was founded in 2007. Tigris, started by former Uber engineers, runs a network of localised data storage centres built for modern AI workloads. The deal is set to give Dropbox a platform for developers whose applications run across multiple cloud providers, broadening Dropbox’s reach beyond its traditional file-sharing business.
This acquisition comes as Dropbox launches DBX Agent Cloud, a new standalone object storage service aimed at supporting AI applications. Dropbox says the move is part of a broader strategy to expand into AI infrastructure and add AI features to its existing products. The company has slowed its acquisition pace in recent years, but its latest deals—including Reclaim.ai, Nira, Promoted.ai and Mobius Labs—show a focus on AI-powered productivity and security.
For regulated-industry leaders, Dropbox’s entry into AI infrastructure could reshape how enterprise data is stored, managed and accessed. The addition of Tigris’s team and technology may also accelerate Dropbox’s ability to serve developers building AI tools for sectors with strict compliance needs.
