Dropbox to acquire AI storage startup Tigris Data for $350M
11/05/2026 — 11/06, 00:20·1 sources (all)·1 reports (all)
Key takeaways
- Crunchbase News reports that Dropbox plans to acquire AI storage startup Tigris Data for $350 million, its largest acquisition to date. Tigr…
Background & analysis
According to a report by Mary Ann Azevedo for Crunchbase News, surfaced via Techmeme on November 5, 2026, Dropbox announced plans to acquire Tigris Data for $350 million, making it the company's largest acquisition to date. Dropbox told Crunchbase News that the deal would mark a significant step in its work on AI-related products. Tigris Data, an AI storage startup, has previously raised approximately $31.9M from backers including Spark and a16z. As of this report, the transaction is still a plan that Dropbox has announced, and no additional details about timing or closing are available.
AI-generated from 1 reports · updated 4 hours ago
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Dropbox announced plans to acquire AI storage startup Tigris Data for $350 million, its largest acquisition to date, Crunchbase News reports. Tigris had previously raised about $31.9 million from investors including Spark and a16z.
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