Dropbox Agrees to Buy AI Storage Startup Tigris Data for $350M, Its Biggest Acquisition Since 2007
Summary
Dropbox will pay $350M for Tigris Data, a startup building distributed storage for AI workloads across multiple clouds and previously backed with roughly $32M from Spark and a16z. Tigris will power Dropbox's new DBX Agent Cloud platform, which offers object storage for AI developers. CBO Eric Webster said Tigris brings a production-ready product and existing relationships with AI developers.
Originally reported by news.crunchbase.com
Read the original article →Original headline: Dropbox Agrees to Buy AI Storage Startup Tigris Data for $350M, Its Biggest Acquisition Since 2007