Dropbox Acquires Tigris Data for $350M to Accelerate AI Infrastructure Push with DBX Agent Cloud

Dropbox Makes Largest Acquisition to Strengthen AI Infrastructure

Dropbox announced Thursday a $350 million acquisition of cloud technology company Tigris Data, marking what appears to be its largest acquisition since its founding in 20071

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. The deal represents a significant shift in Dropbox's AI strategy as the company expands beyond storing and sharing files into selling the AI infrastructure that companies use to build applications3

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. The transaction is expected to close in the fourth quarter of 2026, and Dropbox stated it currently has no plans to reduce headcount as part of the acquisition1

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. This comes just one month after the company cut 9% of its global workforce1

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DBX Agent Cloud Launches as Storage Platform for AI Models

Coinciding with the acquisition announcement, Dropbox unveiled DBX Agent Cloud, a new service designed to provide infrastructure for AI workloads across multiple clouds2

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. The storage platform for AI models will initially offer object storage as a standalone product, allowing businesses to purchase storage independently and use it with existing tools and applications built for Amazon S31

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. This S3-compatible object storage is optimized specifically for AI agents4

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. Dropbox plans to expand DBX Agent Cloud with additional capabilities designed to help AI systems work with different types of content, including documents, images, audio and video1

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. Other planned additions include filesystem capabilities that will allow AI agents to manage files and maintain continuity across tasks and sessions1

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Tigris Data Brings Multi-Cloud Storage Expertise

Tigris Data, a cloud storage startup founded by former Uber engineers who helped develop the ride-hailing company's storage infrastructure, provides cloud storage for AI workloads that helps businesses store and access data across different regions1

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. The platform allows developers to store and access data across different cloud providers rather than depending on a single vendor2

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. Its technology automatically positions data closer to the users and computing resources that need it, helping reduce access times and improve performance1

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. Tigris Data raised $25 million in a Series A funding round in 2025, bringing its total funding to approximately $31.9 million since its founding in 20213

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. Co-founder and CEO Ovais Tariq told TechCrunch at the time of its Series A that the startup had grown 8x every year since November 20213

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AI Productivity Features Transform Core Dropbox Experience

Beyond its infrastructure ambitions, Dropbox is bringing more AI productivity features to its core product1

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. Users will be able to ask AI to perform supported tasks using their files through natural language commands, choose between different AI models, and connect their Dropbox content to third-party tools, including ChatGPT, Claude and Muse1

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. Users can now describe a task in natural language, and Dropbox will find the relevant files, suggest a plan, and carry out supported actions once they approve it2

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. Those actions include summarizing folders, comparing document versions, drafting files, editing PDFs and images, transcribing recordings and trimming video clips2

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. The system can also organize folders, move or rename files, and complete several steps through a single request2

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. Customers can switch between AI models during a session and work with Dropbox files through external tools without uploading the files again, with completed work saved back to Dropbox2

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Rollout Reaches Over 70,000 Teams with Broader Expansion Planned

The updated experience has already reached more than 70,000 teams, with some sources reporting over 80,000 teams1

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. The initial rollout is available to eligible Standard and Advanced customers in the United States, United Kingdom, and Australia, with broader availability planned for 20271

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. Dropbox has more than 700 million registered users across around 180 countries2

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. Watch for data access optimization improvements as Tigris Data's technology gets integrated, potentially reducing latency for AI agents accessing distributed datasets. The company's two-pronged Dropbox AI strategy—adding AI inside Dropbox to deepen engagement among existing customers while opening a new developer and infrastructure market through DBX Agent Cloud—positions it to compete in both productivity and infrastructure segments3

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