Dropbox announced on 5 November that it plans to acquire Tigris Data for $350 million, in what appears to be its largest acquisition, TechCrunch reported. The file-storage company paired the announcement with DBX Agent Cloud, a new platform aimed at businesses and developers building AI models and agents.
Key points
- Dropbox plans to pay $350 million for Tigris Data and expects the transaction to close in the fourth quarter of 2026.
- DBX Agent Cloud will initially sell object storage separately from Dropbox’s file-sharing product, with support for tools built for Amazon S3.
- Dropbox’s previous purchases include HelloSign for $230 million and DocSend for $165 million.
- Dropbox is also adding AI features to its existing product for eligible Standard and Advanced customers.
The $350 million Tigris purchase
Dropbox told TechCrunch that it expects the transaction to close in the fourth quarter of 2026 and currently has no plans to reduce headcount as part of the purchase. The company had cut 9% of its global workforce the previous month, TechCrunch reported, citing The Wall Street Journal.
Dropbox described the proposed purchase as its largest since its founding in 2007, Crunchbase News reported. Its earlier acquisitions include e-signature company HelloSign for $230 million in 2019, document-sharing platform DocSend for $165 million in 2021 and business-forms provider FormSwift for $95 million in 2022.
Tigris, founded in 2021 by former Uber engineers, develops storage technology that positions data closer to the users and computing resources accessing it across different regions. According to Crunchbase data, the company has raised about $31.9 million. That includes a $25 million Series A round in October 2025 led by Spark Capital, with Andreessen Horowitz and Basis Set Ventures participating.
Eric Webster, Dropbox’s chief business officer, told Crunchbase News that Tigris brings a product already in production and relationships with AI developers. Its acquisition would move Dropbox into selling infrastructure to developers alongside the storage and sharing software it sells to existing customers.
The Next Web reported that Dropbox had not said when it expected the Tigris acquisition to close.
DBX Agent Cloud starts with object storage
DBX Agent Cloud will initially offer object storage as a standalone product. Businesses will be able to buy that storage independently and use existing applications built for Amazon S3, Amazon’s service for storing and retrieving large amounts of data. That gives Dropbox a route to customers building AI systems without requiring them to adopt its file-sharing product.
Tigris’s platform allows developers to access data across different cloud providers, The Next Web reported. Dropbox plans to add processing for documents, images, audio and video to DBX Agent Cloud. It also plans filesystem capabilities that would let AI agents keep and manage files between tasks and sessions.
Dropbox’s recent acquisitions include Reclaim.ai, Promoted.ai and Mobius Labs, which TechCrunch identified as earlier purchases aimed at expanding its AI capabilities. DBX Agent Cloud takes the company into infrastructure for applications built by other businesses, rather than adding another feature solely to its own file-sharing service.
Dropbox AI reaches tens of thousands of teams
Dropbox is separately adding AI capabilities to its existing product. Users will be able to request supported actions involving their files, choose between AI models and connect Dropbox content to tools including ChatGPT, Claude and Muse.
Dropbox said the updated experience had reached more than 70,000 teams. The Next Web reported a figure of more than 80,000 teams. Its account said users could ask the system to find files, propose a plan and carry out supported actions after approval, with existing file-sharing permissions still applying.
The initial rollout covers eligible Standard and Advanced customers in the U.S., U.K. and Australia. Dropbox plans to make the updated experience more broadly available in 2027.
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