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Dropbox Plans $350M AI Infrastructure Deal With Tigris Buy, Its Biggest Acquisition Yet

Dropbox announced Thursday plans to acquire Tigris Data for $350 million in a transaction the company told Crunchbase News would mark its largest acquisition since its founding in 2007. Founded by former Uber engineers, Sunnyvale, California-based Tigris is building a network of localized data storage centers that it claims can meet the distributed compute needs of modern AI workloads. Tigris has raised about $31.9 million since its founding in 2021, per Crunchbase data. Its October 2025 Series ...

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