Dropbox acquires Tigris Data for $350M to bolster its AI infra

Automated excerpt

Dropbox is making a big push into AI infrastructure with a $350 million acquisition of cloud technology company Tigris Data, marking what appears to be its largest acquisition to date. Announced Thursday, the deal is expected to strengthen Dropbox’s AI infrastructure capabilities and support the development of DBX Agent Cloud, a new storage platform aimed at businesses and developers building AI models and agents. The company provides cloud storage technology that helps businesses store and access data across different regions.

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