Dropbox acquires Tigris Data for $350M to bolster its AI infrastructure
The deal is expected to support the development of DBX Agent Cloud, a new storage platform aimed at developers building AI models and agents.
Dropbox has announced the acquisition of cloud technology company Tigris Data for $350 million, marking its largest acquisition to date. The move is aimed at bolstering Dropbox's AI infrastructure capabilities and supporting the development of DBX Agent Cloud, a new storage platform designed for businesses and developers building AI models and agents.
Tigris Data, founded by former Uber engineers, provides cloud storage technology that helps businesses store and access data across different regions, automatically positioning data closer to users and computing resources to reduce access times and improve performance. The acquisition is expected to close in the fourth quarter of 2026, and Dropbox has not indicated any plans to reduce headcount as part of the deal.
Dropbox is also integrating more AI capabilities into its core product, allowing users to perform tasks using their files, choose between different AI models, and connect Dropbox content to third-party tools. The updated experience has already reached over 70,000 teams and will be rolled out to broader markets in 2027.
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