Dropbox to Acquire Tigris Data for $350M to Bolster AI Infrastructure
Dropbox announces the acquisition of Tigris Data to build DBX Agent Cloud, a new storage platform for AI developers, marking its largest deal to date.
US cloud storage company Dropbox announced on November 5, 2026, that it will acquire cloud technology firm Tigris Data for $350 million. The transaction is expected to close in the fourth quarter of 2026 and marks Dropbox's largest acquisition to date. According to TechCrunch, the deal aims to strengthen Dropbox's AI infrastructure capabilities and support the development of DBX Agent Cloud, a new storage platform targeted at businesses and developers building AI models and agents.
Tigris Data was founded by former Uber engineers and provides cloud storage technology that helps businesses store and access data across different regions. Its platform automatically positions data closer to users and computing resources to reduce access times and improve performance. The company raised $25 million in a Series A funding round last year. Dropbox stated it currently has no plans to reduce headcount as part of the acquisition, although the company cut 9% of its global workforce last month.
Beyond infrastructure, Dropbox is integrating more AI capabilities into its core product. Users will be able to ask AI to perform supported tasks using their files, choose between different AI models, and connect Dropbox content to third-party tools including ChatGPT and Claude. DBX Agent Cloud will initially offer object storage as a stand-alone product, allowing businesses to purchase storage independently and use it with existing tools built for Amazon S3. Dropbox says the updated experience has already reached more than 70,000 teams, with initial rollout available to eligible customers in the US, UK, and Australia, and broader availability planned for 2027.