Dropbox is significantly expanding its AI infrastructure capabilities with a $350 million acquisition of cloud technology firm Tigris Data, representing the company's largest purchase to date.
Announced this Thursday, this strategic deal aims to fortify Dropbox's technical foundation and facilitate the development of DBX Agent Cloud, a new storage platform tailored for businesses and developers creating AI models and agents.
According to an email statement to TechCrunch, the transaction is projected to finalize in the fourth quarter of 2026. The company confirmed that it has no immediate plans to reduce headcount as part of this agreement, despite having previously laid off 9% of its global workforce last month, as reported by the Wall Street Journal.
DBX Agent Cloud will initially launch as a standalone object storage product, enabling businesses to purchase storage independently and integrate it with existing tools compatible with Amazon S3, a cloud service designed for storing and retrieving massive volumes of data.
Beyond its infrastructure goals, Dropbox is integrating advanced AI features into its core services, allowing users to command AI to execute tasks using their files, select between various AI models, and link their Dropbox content with third-party applications such as ChatGPT, Claude, and Muse.
The company also intends to expand DBX Agent Cloud with further functionalities to support diverse content types like documents, images, audio, and video, alongside filesystem features that will permit AI agents to manage files and ensure continuity across ongoing tasks.
The company reports that this enhanced experience has already been adopted by over 70,000 teams. The rollout is currently available to eligible Standard and Advanced customers in the United States, United Kingdom, and Australia, with broader availability scheduled for 2027.
Tigris Data was established by former Uber engineers who contributed to the ride-sharing giant's storage infrastructure. The company provides cloud storage technology that facilitates data access across different regions by automatically positioning data closer to relevant users and computing resources, thereby improving performance and reducing access times.
Prior to acquiring Tigris Data, which raised $25 million in a Series A funding round last year, Dropbox had engaged in several other acquisitions to bolster its AI portfolio, including Reclaim.ai, Promoted.ai, and Mobius Labs.
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