Dropbox Acquires Tigris Data for $350M

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. Ashraf Alkarmi became co-CEO six months ago.