Dropbox plans to acquire cloud technology company Tigris Data for $350 million, in what appears to be its largest acquisition to date. The transaction is expected to close in the fourth quarter of 2026. Dropbox said it currently has no plans to reduce headcount as part of the deal.
Tigris Data’s technology will support DBX Agent Cloud, a storage platform for businesses and developers building AI models and agents. The service will initially offer stand-alone object storage compatible with tools and applications built for Amazon S3. Tigris automatically places data closer to the users and computing resources that need it, reducing access times across regions.
Dropbox also plans to add AI features to its core product. Users will be able to ask AI to perform supported tasks with their files, select among different models, and connect Dropbox content to third-party tools including ChatGPT, Claude, and Muse. Future DBX Agent Cloud features are intended to handle documents, images, audio, and video while helping agents manage files and maintain continuity across tasks and sessions.
The updated Dropbox experience has reached more than 70,000 teams, according to the company. Its initial rollout covers eligible Standard and Advanced customers in the United States, United Kingdom, and Australia, with broader availability planned for 2027. Tigris Data was founded by former Uber engineers and raised a $25 million Series A last year.