Dropbox is buying Tigris Data for 350 million dollars to strengthen its AI infrastructure, marking what looks to be its largest purchase so far, TechCrunch reports. Announced Thursday, the agreement aims to support DBX Agent Cloud, a new storage platform built for developers and businesses creating AI models and agents.
Key takeaways
- Dropbox agreed to purchase Tigris Data for 350 million dollars to boost its AI infrastructure.
- The deal supports DBX Agent Cloud, which will offer standalone object storage.
- Tigris Data was founded by former Uber engineers and raised 25 million dollars in a Series A round last year.
- Dropbox states it has no current plans to cut staff from this acquisition.
Why is the dropbox acquisition happening now?
The transaction is expected to close in the fourth quarter of 2026, according to statements Dropbox shared with TechCrunch via email. Tigris Data brings cloud storage technology that positions data closer to users and computing resources, which helps reduce access times and improve performance. Former Uber engineers who previously developed storage infrastructure for the ride-hailing company founded Tigris Data.
DBX Agent Cloud will initially provide object storage as a standalone product. Businesses can buy this storage independently and use it alongside existing tools built for Amazon S3, a service that lets companies store and retrieve large volumes of data. Beyond infrastructure, Dropbox is updating its core product to let users ask AI to perform tasks using files, pick different AI models, and connect content to third-party tools like ChatGPT, Claude, and Muse.
What comes next for DBX Agent Cloud?
Dropbox plans to expand the new platform with features that help AI systems handle documents, images, audio, and video content. Planned filesystem additions will also let AI agents manage files and maintain continuity across various tasks and sessions. The updated experience has already reached over 70,000 teams for eligible Standard and Advanced customers in the U.S., U.K., and Australia, with wider availability set for 2027.
What the deal means for the company
The purchase represents the largest deal for Dropbox to date, though the firm has previously bought other AI-focused businesses like Reclaim.ai, Promoted.ai, and Mobius Labs. While the company cut 9% of its global workforce last month according to WSJ, Dropbox told TechCrunch it currently has no plans to reduce headcount as part of the Tigris Data transaction.
Frequently asked questions
Dropbox agreed to buy Tigris Data for 350 million dollars, which appears to be the company's largest acquisition to date.
Dropbox told TechCrunch via email that the transaction is expected to close in the fourth quarter of 2026.
Tigris Data was founded by former Uber engineers who previously helped develop storage infrastructure for the ride-hailing company.
DBX Agent Cloud is a new storage platform aimed at businesses and developers building AI models and agents, offering standalone object storage compatible with Amazon S3 tools.
Dropbox stated that it currently has no plans to reduce headcount as part of the Tigris Data acquisition.
Based on reporting by TechCrunch. Read the original article
