Dropbox plans to acquire Tigris, according to a LinkedIn post from Tigris in which the company announced the agreement. The purchase price was not disclosed in the sources.
Tigris described its product as a single S3-compatible endpoint for application data, wherever a customer's compute runs. The company said that after the deal, customers would keep the same product, the same S3-compatible API, the same pricing with zero egress fees, and the same team.
The post set out the rationale for the combination in the companies' words. Tigris said AI is driving storage demand "this industry has not seen before," and that it shares with Dropbox a conviction that customers should be able to run their compute wherever it serves them best, with a product built for developers. It said Dropbox brings "massive scale and nearly two decades of operating storage," and that together the companies would meet customer demand and deliver new capabilities such as filesystem and content processing.
Tigris credited co-founders Himank Chaudhary and Yevgeniy Firsov and the rest of the Tigris Data team, and thanked investors Martin Casado, Natalie Vais and Lan Xuezhao, along with its customers.
The post did not state a closing date or other conditions for the transaction.