Dropbox acquires Tigris Data for $350 million
Crunchbase News: Dropbox Plans $350M AI Infrastructure Deal With Tigris Buy, Its Biggest Acquisition Yet
Dropbox announced Thursday plans to acquire Tigris Data for $350 million in a transaction the company told Crunchbase News would mark its largest acquisition since its founding in 2007. Founded by former Uber engineers, Sunnyvale, California-based Tigris is building a network of localized data storage centers that it claims can meet the distributed compute needs of modern AI workloads. Tigris has raised about $31.9 million since its founding in 2021, per Crunchbase data. Its October 2025 Series
What happened
Dropbox announced plans to acquire Tigris Data for $350 million, marking its largest acquisition since its founding in 2007. Tigris, founded by former Uber engineers, builds localized data storage centers designed to support distributed computing needs for AI workloads. The acquisition supports Dropbox's strategy to add AI capabilities to its existing file-sharing product while entering the AI infrastructure market.
What each outlet adds
- Crunchbase News ↗: Tigris is based in Sunnyvale, California and the acquisition represents Dropbox's strategic shift from file storage and sharing into AI infrastructure.
- TechCrunch ↗: The deal will support development of DBX Agent Cloud, a new storage platform for developers building AI models and agents, and Dropbox has previously acquired several other AI-focused companies.
Why it matters
The acquisition reflects Dropbox's broader strategy to expand beyond its core file-sharing business into AI infrastructure and capabilities. This positions Dropbox to serve both its existing customers seeking AI features and new developers building AI applications.
Get smart on it
Dropbox announced plans to acquire Tigris Data for $350 million, marking its largest acquisition since its founding. Tigris, founded by former Uber engineers, builds localized data storage centers designed to support the distributed computing needs of modern AI workloads. The acquisition represents Dropbox's strategic shift from file storage and sharing into AI infrastructure, with the company launching DBX Agent Cloud to serve developers and companies building AI applications. This purchase reflects Dropbox's broader two-pronged approach: adding AI capabilities to its existing file-sharing product for current customers while simultaneously entering the infrastructure market for AI developers through the acquired technology and team.
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