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Dropbox announced Thursday plans to acquire Tigris Data for $350 million, its largest deal since 2019. The purchase accelerates its AI infrastructure strategy via DBX Agent Cloud, following 2024 and 2025 acquisitions. Tigris, founded in 2021, raised $31.9 million total with a $25 million Series A in October 2025.
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Summary by ByteBrief

Dropbox plans to cut ~6% of its staff, or ~200 jobs, costing $27M to $33M in severance and related costs, and says CTO Ali Dasdan will step down on November 18 (Anhata Rooprai/Reuters)
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