Dropbox to buy Tigris Data for $350M and launch DBX Agent Cloud

Dropbox is acquiring Tigris Data, a cloud storage startup for AI workloads, for $350M to strengthen its AI infrastructure. This acquisition supports the launch of DBX Agent Cloud, a new service providing essential infrastructure for businesses and developers building AI applications, models, and agents. The platform is specifically designed to handle AI workloads across multiple environments, enhancing the capabilities of developers creating sophisticated AI agents through specialized storage solutions provided by the Tigris Data integration.