Dropbox plans to acquire Tigris Data to expand into AI storage infrastructure

Dropbox (NASDAQ: DBX) announced plans to acquire Tigris Data Inc., a globally distributed object storage platform built for AI workloads. The move is intended to accelerate Dropbox's expansion into AI infrastructure for companies and developers. The deal's value was not disclosed.

Tigris provides S3-compatible object storage that lets developers store and access data across clouds without vendor lock-in or egress fees. Alongside the planned deal, Dropbox unveiled DBX Agent Cloud, a storage and data layer for AI applications that begins with standalone object storage. The planned acquisition is subject to closing conditions and may not close within the expected timeframe or at all.