Dropbox to buy Tigris Data for $350 million to expand AI storage
Original title: Dropbox acquires Tigris Data for $350M to bolster its AI infrastructure
The deal is expected to close in the fourth quarter of 2026 and will back a new S3-compatible storage product.
Dropbox said it will acquire cloud storage company Tigris Data for $350 million, which it described as appearing to be its largest deal. The purchase is meant to support DBX Agent Cloud, starting with standalone object storage that works with Amazon S3-compatible tools. Dropbox expects the transaction to close in the fourth quarter of 2026 and said it has no plans to cut staff because of the deal. It also said more than 70,000 teams already use an updated Dropbox experience that can connect files to ChatGPT, Claude and Muse.
Unconfirmed: Dropbox describes the deal as appearing to be its largest acquisition, not as a confirmed record.
- Tigris Data was founded by former Uber engineers and raised $25 million last year.
- DBX Agent Cloud will first sell object storage as a standalone product.
- Dropbox cut 9% of its global workforce last month, according to the WSJ.
- The updated Dropbox experience is initially limited to eligible US, UK and Australian customers.
- Broader availability is planned for 2027.
- Vendors
- Dropbox
- Products
- DBX Agent CloudTigris Data
From the original article
2 min read at techcrunch.com
The deal is expected to support the development of DBX Agent Cloud, a new storage platform aimed at developers building AI models and agents.
By Lauren Forristal · techcrunch.com
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