Dropbox plans $350 million Tigris Data acquisition and launches AI features
Dropbox’s planned Tigris deal would support its new AI storage service as it rolls out file-based AI tools to more than 70,000 teams.
By Wei-Lin Zhao · AI Correspondent
· 3 min read
Dropbox plans to buy Tigris Data for about $350 million in cash, a proposed acquisition meant to underpin a new developer-facing storage service for AI applications. The Dropbox Tigris Data acquisition is expected to close in the fourth quarter of 2026, subject to customary conditions and purchase-price adjustments, according to MLQ’s reporting on a Dropbox regulatory filing.
The transaction is not complete. Tigris operates a globally distributed, S3-compatible object-storage platform intended for AI workloads and cross-cloud access. Dropbox said the purchase would speed its entry into AI infrastructure, a market distinct from its established file-sharing business.
Alongside the deal announcement, Dropbox introduced DBX Agent Cloud, a storage and data product for companies and developers building AI applications and agents. It will initially sell standalone S3-compatible object storage, which customers can use with tools and supported applications built for Amazon S3.
Object storage holds large collections of unstructured data, such as images, video, training data and model artifacts. It is one part of cloud infrastructure, the underlying compute, storage and networking used to run cloud services and applications.
What will DBX Agent Cloud offer at launch?
At first, DBX Agent Cloud is an object-storage offering. Dropbox has separately said it plans to add filesystem and content-processing features. Those planned additions are intended to give AI applications persistent files across tasks and sessions and turn documents, images, audio and video into inputs for AI systems. Dropbox has not provided a timetable for those additions, pricing for the service, or financial forecasts tied to the acquisition or product, according to MLQ.
Dropbox describes Tigris as a platform that lets developers manage data across clouds without being tied to a single provider. Claims about its data placement, latency and other performance characteristics are company descriptions, rather than independently established benchmarks.
AI features arrive in Dropbox’s core product
The company is also adding AI functions to its main Dropbox product, aimed at a different audience: existing file-storage customers. Users can ask Dropbox to locate information, summarize folders, compare versions, draft material from project context, edit PDFs and images, transcribe recordings, refine video, and organize, move or rename files, according to Dropbox.
Dropbox said the system presents a plan before making changes, works within existing permissions, records its actions, and supports undoing certain actions. Customers can also select among supported AI models during a session and use Dropbox content in ChatGPT, Claude and Muse, with resulting work returned to Dropbox and tied to its collaboration context.
The updated Dropbox experience has reached more than 70,000 teams, the company said. The initial English-language release is limited to eligible Standard and Advanced teams in the U.S., U.K. and Australia, with broader availability planned for 2027.
The paired announcements set out two separate bets: embedded AI for current Dropbox customers, and storage infrastructure sold to developers and businesses building AI systems. Tigris raised $25 million in a 2025 Series A, TechCrunch reported, and was founded by former Uber engineers.
This story draws on original reporting from SiliconANGLE.
