Dropbox is aggressively advancing its AI infrastructure strategy through a significant $350 million acquisition of cloud technology firm Tigris Data, a move that represents the company's largest purchase to date.
Unveiled on Thursday, this agreement aims to enhance Dropbox's AI infrastructure capabilities and facilitate the development of DBX Agent Cloud, a new storage platform designed for businesses and developers constructing AI models and agents.
Dropbox informed TechCrunch via email that the transaction is anticipated to be finalized in the fourth quarter of 2026. Furthermore, the company confirmed it has no immediate plans to reduce its workforce as a result of the deal, despite having recently cut 9% of its global staff last month as reported by the Wall Street Journal.
Initially, DBX Agent Cloud will provide object storage as a standalone solution, enabling businesses to procure storage independently and integrate it with existing tools and applications compatible with Amazon S3 (Simple Storage Service), a service for storing and retrieving large data volumes.
Beyond these infrastructure ambitions, Dropbox is integrating more AI features into its core product offering. Users will be able to instruct AI to perform supported tasks using personal files, select from various AI models, and link Dropbox content with third-party applications such as ChatGPT, Claude, and Muse.
The company also plans to expand DBX Agent Cloud with additional features to assist AI systems in processing diverse content types, including documents, images, audio, and video. Planned additions also include filesystem capabilities that will permit AI agents to manage files and maintain continuity across different tasks and sessions.
Dropbox reports that this updated experience has already been adopted by more than 70,000 teams. The initial rollout is available to eligible Standard and Advanced customers in the United States, the United Kingdom, and Australia, with broader availability scheduled for 2027.
Tigris Data was established by former Uber engineers who contributed to the ride-sharing company's storage infrastructure. The startup offers cloud storage technology that aids businesses in storing and accessing data across various regions, automatically positioning data closer to the necessary users and computing resources to reduce access times and improve performance.
Previously, Tigris Data raised $25 million during a Series A funding round last year.
Although the Tigris deal represents Dropbox's largest acquisition, it is not the first time the company has expanded its AI capabilities through mergers and acquisitions. Dropbox has previously acquired several AI-focused startups, including Reclaim.ai, Promoted.ai, and Mobius Labs.
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