Technology
Dropbox buys Tigris Data for $350 million to build an agent storage cloud
Dropbox agreed to acquire cloud storage company Tigris Data for $350 million, which it describes as its largest acquisition. The deal is expected to close in the fourth quarter and supports DBX Agent Cloud, a storage platform for companies building AI models and agents that will first sell S3-compatible object storage as a standalone product. Dropbox said it has no plans to cut jobs as part of the purchase, after cutting 9 percent of staff last month.