Dropbox acquired Tigris Data for $350 million

Dropbox has announced the acquisition of the startup Tigris Data. The deal is valued at $350 million. The primary goal of the acquisition is to strengthen the company's infrastructure for generative models and to develop new tools for developers.

The acquired technologies will be integrated into the DBX Agent Cloud platform. This solution is being designed as a specialized data storage environment optimized for building and deploying AI agents and complex models. Utilizing Tigris Data's developments will allow the company to accelerate the data processing required for training and operating intelligent systems within the Dropbox ecosystem.

The deal highlights the company's strategic shift toward providing cloud computing power for developers building autonomous AI solutions. The integration will allow platform users to more efficiently manage the storage and access of data used as context for agent operations. Details regarding the technical implementation and the full launch timeline for DBX Agent Cloud will be disclosed at a later date.