Dropbox is acquiring Tigris Data for approximately $350 million in cash, marking the largest acquisition in the company's history. The deal, expected to close in the fourth quarter of 2026, is intended to accelerate Dropbox's expansion into AI infrastructure. Tigris Data, founded by former Uber engineers, provides a globally distributed object storage platform designed for AI workloads.
The acquisition underpins Dropbox's new offering, DBX Agent Cloud. This platform will initially provide standalone, S3-compatible object storage for companies and developers building AI applications and agents. DBX Agent Cloud aims to offer a portable foundation for data, allowing AI applications to access training datasets, model artifacts, and other content across various cloud providers and compute environments. Dropbox plans to expand DBX Agent Cloud with features for content processing and filesystem management in the future.
In parallel with the acquisition, Dropbox is introducing AI-powered capabilities to its core product. These new features allow users to perform tasks directly on their files, such as finding information, summarizing content, drafting documents, and editing media. The updated Dropbox experience has already been rolled out to over 70,000 teams. Customers can also integrate their Dropbox files with third-party AI tools like ChatGPT and Claude, choosing from different AI models while working within Dropbox.
Tigris Data has raised approximately $31.9 million since its founding in 2021, with its Series A round in October 2025 securing $25 million from investors including Spark Capital and Andreessen Horowitz. Dropbox's chief business officer, Eric Webster, stated that Tigris brings a product already in production, an experienced team, and established relationships with AI developers, which will accelerate Dropbox's entry into the AI application infrastructure market. The company previously acquired companies such as Reclaim.ai, Promoted.ai, and Mobius Labs, signaling a continued focus on AI and automation.