Worth knowing
Dropbox acquires Tigris Data for $350M to bolster its AI infrastructure
The $350 million acquisition highlights how traditional cloud storage companies are pivoting toward specialized data infrastructure tailored for AI training and autonomous agents.
Reported by TechCrunch ·
What happened
Dropbox is acquiring cloud storage startup Tigris Data for $350 million to build out its AI infrastructure and launch DBX Agent Cloud, a new storage platform for developers building AI models and agents. Alongside the acquisition, Dropbox is introducing new AI features to its core product, including file management capabilities for AI agents and integrations with third-party models like ChatGPT and Claude.
Who it’s about
- Dropbox
- Tigris Data
- DBX Agent Cloud
- ChatGPT
- Claude