[Dropbox to Acquire Tigris Data for $350 Million] According to a TechCrunch report on November 5th, Dropbox announced its acquisition of cloud storage technology company Tigris Data for $350 million to strengthen its AI infrastructure. Dropbox stated that the transaction is expected to close in the fourth quarter of 2026 and there are currently no plans for layoffs due to the acquisition. The transaction is expected to support DBX Agent Cloud, a storage platform for enterprises and developers building AI models and agents. The platform will initially offer a standalone object storage product that can be used in conjunction with existing Amazon S3-based tools and applications.