Key facts
- Dropbox said the $350 million Tigris Data deal is expected to close in the fourth quarter of 2026.
- Dropbox said it has no plans to cut jobs as part of the acquisition.
- DBX Agent Cloud will first sell object storage as a standalone product usable with tools built for Amazon S3.
- Dropbox said the updated AI experience has reached more than 70,000 teams.
- The initial rollout covers eligible Standard and Advanced customers in the U.S., U.K. and Australia, with broader availability planned for 2027.
- Tigris Data, founded by former Uber engineers, raised $25 million in a Series A round last year.
Dropbox said on November 5, 2026 that it agreed to acquire cloud technology company Tigris Data for $350 million, a deal the company described as its largest acquisition to date. Dropbox told TechCrunch by email that it expects the transaction to close in the fourth quarter of 2026 and that it has no plans to reduce headcount as part of the purchase. The Wall Street Journal reported that Dropbox cut 9% of its global workforce last month.
The company said the deal supports DBX Agent Cloud, a new storage platform aimed at businesses and developers building AI models and agents. DBX Agent Cloud will initially offer object storage as a standalone product, letting businesses buy storage independently and use it with existing tools and applications built for Amazon S3, the cloud storage service used to store and retrieve large volumes of data.
Dropbox is also adding AI features 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 Dropbox content to third-party tools including ChatGPT, Claude and Muse. Dropbox said it plans to expand DBX Agent Cloud with capabilities for documents, images, audio and video, plus filesystem features that let AI agents manage files and keep continuity across tasks and sessions.
Dropbox said the updated experience has 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. It provides cloud storage technology that helps businesses store and access data across regions, automatically placing data closer to the users and computing resources that need it to reduce access times. Tigris Data raised $25 million in a Series A funding round last year.
The Tigris deal follows earlier Dropbox acquisitions of AI-focused companies including Reclaim.ai, Promoted.ai and Mobius Labs.