Dropbox is acquiring cloud technology company Tigris Data for $350 million to strengthen its AI infrastructure and launch DBX Agent Cloud, with the deal expected to close in Q4 2026.
Dropbox is acquiring cloud technology company Tigris Data for $350 million, a deal the company says is expected to close in the fourth quarter of 2026. The acquisition is intended to strengthen Dropbox’s AI infrastructure capabilities and support the development of DBX Agent Cloud, a new storage platform for businesses and developers building AI models and agents.
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 and applications built for Amazon S3. Dropbox plans to expand the platform with capabilities designed to help AI systems work with different types of content, including documents, images, audio, and video. Planned additions include filesystem features that will allow AI agents to manage files and maintain continuity across tasks and sessions.
Dropbox is also bringing more AI capabilities to its core product. Users will be able to ask AI to perform supported tasks using their files, choose between different AI models, and connect their Dropbox content to third-party tools, including ChatGPT, Claude, and Muse. Dropbox says the updated experience has already reached more than 70,000 teams. The initial rollout is available to eligible Standard and Advanced customers in the U.S., U.K., and Australia, with broader availability planned for 2027.
Tigris Data was founded by former Uber engineers who helped develop the ride-hailing company’s storage infrastructure. The company provides cloud storage technology that helps businesses store and access data across different regions. Its platform automatically positions data closer to the users and computing resources that need it, helping reduce access times and improve performance. Tigris Data raised $25 million in a Series A funding round last year.
Dropbox told TechCrunch via email that it currently has no plans to reduce headcount as part of the acquisition. The company already cut 9% of its global workforce last month, WSJ reported. While the Tigris deal appears to be Dropbox’s largest acquisition, it is not the company’s first move to expand its AI capabilities through M&A. Dropbox has previously acquired several AI-focused companies, including Reclaim.ai, Promoted.ai, and Mobius Labs.
The acquisition signals Dropbox’s push into AI infrastructure beyond its core file storage business, positioning DBX Agent Cloud as a platform for developers building AI models and agents while expanding AI features for existing customers.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
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