Dropbox plans to acquire AI storage startup Tigris Data for $350 million
Dropbox announced plans to acquire Tigris Data for $350 million in what would mark its largest acquisition to date, pairing the purchase with the rollout of its DBX Agent Cloud platform.
Dropbox announced plans to acquire AI storage startup Tigris Data for $350 million, according to reporting by Crunchbase News. The company confirmed that the transaction would represent its largest acquisition to date.[1][2]
Tigris Data previously raised approximately $31.9 million from venture backers including Spark Capital and Andreessen Horowitz. Crypto Briefing characterized the $350 million purchase as a strategic push to enhance Dropbox's artificial intelligence capabilities and potentially shift cloud storage dynamics.[1][4]
The acquisition aligns with Dropbox expanding its cloud storage environment through DBX Agent Cloud, a platform designed to provide organizations with AI agents that can find relevant content, propose plans, and complete approved tasks across stored files. Dropbox chief product officer Mike Torres said the setup allows teams to bring files to models or vice versa, with plans to use Tigris Data to store human- and agent-created content at scale while preserving an audit trail for agent actions.[3]
Key facts
- Dropbox announced plans to acquire AI storage startup Tigris Data for $350 million.
- The transaction marks the largest acquisition in Dropbox's history.
- Tigris Data previously raised around $31.9 million from investors including Spark Capital and Andreessen Horowitz.
- Dropbox launched DBX Agent Cloud, a platform enabling AI agents to search stored files, suggest plans, and complete approved tasks.
- Dropbox intends to use Tigris Data to store content created by both humans and agents at scale while maintaining an audit trail for agent actions.
Sources · 4 sources
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TechmemeArticle ·
Dropbox plans to acquire AI storage startup Tigris Data for $350M, its largest acquisition to date; Tigris raised ~$31.9M from Spark, a16z, and others (Mary Ann Azevedo/Crunchbase News) Mary Ann Azevedo / Crunchbase News : Dropbox plans to acquire AI storage startup Tigris Data for $350M, its largest acquisition to date; Tigris raised ~$31.9M from Spark, a16z, and others — Dropbox announced Thursday plans to acquire Tigris Data for $350 million in a transaction the company told Crunchbase News would mark …
Open source - SI
SiliconANGLE@SiliconANGLEPost on X ·
Dropbox acquires Tigris Data for $350M, releases new AI productivity features https://t.co/GwvzEG4lH9
Open source - TA
Techstrong.ai@TechstrongaiPost on X ·
Dropbox has extended the scope of its cloud storage service by adding DBX Agent Cloud, a platform that gives organizations AI agents capable of finding relevant content, proposing a plan and completing approved tasks across files already stored there. As chief product officer Mike Torres puts it, you can bring the file to the model or vice versa, and Dropbox plans to acquire Tigris Data so it can store what both humans and agents create at scale while keeping an audit trail for every action an agent performs. The full story on how the platform handles context, connectors and undo: https://t.co/VcHha7vKus #AI #Dropbox #AIAgents #CloudStorage #EnterpriseAI
Open source - CB
Crypto BriefingArticle ·
Dropbox bets $350 million on Tigris Data to build AI storage Dropbox's acquisition of Tigris Data signals a strategic shift towards enhancing AI capabilities, potentially reshaping cloud storage dynamics. The post Dropbox bets $350 million on Tigris Data to build AI storage appeared first on Crypto Briefing .
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