Dropbox acquires Tigris Data for $350 million
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Dropbox announced the acquisition of cloud storage company Tigris Data for $350 million, which appears to be its largest acquisition to date. Dropbox told TechCrunch that the deal is expected to close in the fourth quarter of 2026. The deal will support DBX Agent Cloud, a new storage platform Dropbox is launching for enterprises as well as developers of AI models and agents. It will initially be offered as a standalone object storage product compatible with the Amazon S3 ecosystem. The product will initially be available to eligible Standard and Advanced customers in the United States, the United Kingdom, and Australia, and Dropbox plans to expand availability in 2027.
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- TechCrunch · AIDropbox acquires Tigris Data for $350M to bolster its AI infrastructure
Dropbox announced a $350 million acquisition of cloud technology company Tigris Data, which it says is expected to strengthen its AI infrastructure capabilities and support DBX Agent Cloud, a new storage platform for businesses and developers building AI models and agents. The deal is expected to close in the fourth quarter of 2026, and Dropbox said it has no current plans to reduce headcount as part of the acquisition. Tigris Data, founded by former Uber engineers, provides cloud storage technology that positions data closer to the users and computing resources that need it.
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