Dropbox Plans to Acquire Tigris Data for $350 Million

TechFlow reported on November 5 that, according to TechCrunch, Dropbox announced it will acquire cloud storage technology company Tigris Data for $350 million to strengthen its AI infrastructure. Dropbox said the transaction is expected to close in the fourth quarter of 2026, and there are currently no plans for layoffs related to the acquisition.

The transaction is expected to support DBX Agent Cloud, a storage platform for enterprises and developers building AI models and agents. The platform will initially offer a standalone object storage product that can work with existing Amazon S3-based tools and applications.

Source: TechFlow