Dropbox Acquires Tigris Data for $350 Million to Enhance AI Storage Solutions

Dropbox has announced a $350 million acquisition of Tigris Data, a startup offering zero egress fees for S3-compatible object storage. This deal, expected to close in Q4 2026, aligns with Dropbox's goal to bolster its DBX Agent Cloud developer product. Tigris's infrastructure allows cost-effective data movement for AI applications, taking advantage of increasing regulatory shifts. Dropbox's core business remains steady, with a leadership transition underway.