Dropbox's $350M Tigris Data Buy Is Its Biggest Ever — SkimNews
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- Dropbox announced Thursday plans to acquire AI storage startup Tigris Data for $350 million, a transaction the company said is its largest acquisition to date.
- Tigris Data raised roughly $31.9 million from Spark, a16z and other investors.
Why it matters: At $350 million, the price is roughly 11 times the ~$31.9 million Tigris Data raised from Spark, a16z and other backers, and it is Dropbox's largest acquisition ever. The capital goes to an AI storage startup, the infrastructure angle TechCrunch's headline leads with.
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