Dropbox plans $350M Tigris acquisition to sell object storage to AI builders
Ovais Tariq, Himank Chaudhary and Yevgeniy Firsov built Uber storage, then Tigris. Dropbox wants that team to power DBX Agent Cloud.
By RuntimeWire Staff · Published
Primary source: TechCrunch
Why it matters
Dropbox is using its largest reported acquisition to move from storing files for teams to selling standalone S3-compatible storage to developers building AI applications. For Tigris founders Ovais Tariq, Himank Chaudhary and Yevgeniy Firsov, the deal would turn Uber-honed storage expertise into a $350 million exit and put their system inside a public company with nearly two decades of storage operations. The open commercial question is whether developers will buy infrastructure from Dropbox when the product has to win outside the Dropbox folder.
Dropbox plans to acquire Tigris Data, co-founded by Ovais Tariq, for $350 million, a bet that the team behind Uber's global storage platform can help turn a file-sync company into a supplier of infrastructure for AI builders. TechCrunch reported the price on November 5th and described it as what appears to be Dropbox's largest acquisition to date.…
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