Dropbox to Buy Tigris Data for $350 Million for AI Agent Storage
Summary
Dropbox is acquiring cloud storage company Tigris Data for $350 million, a deal the company says will support DBX Agent Cloud, its storage platform for businesses building AI agents. Dropbox says the transaction should close in the fourth quarter of 2026 and that it plans no headcount cuts.
Key Points
- Tigris Data, founded by former Uber engineers, positions data closer to the users and computing resources that need it to cut access times.
- DBX Agent Cloud initially sells object storage as a stand-alone product that works with tools built for Amazon S3.
- Dropbox says more than 70,000 teams already use its updated AI experience with their files.