The transaction will underpin Dropbox's upcoming DBX Agent Cloud, which offers standalone object storage compatible with Amazon S3 applications. Tigris Data, established by former Uber engineers, previously raised $25 million in Series A funding before agreeing to the sale. The acquiring company confirmed it will not reduce headcount as a result of the deal, even after enacting a 9% global workforce reduction last month. Expanded core features will also allow users to route their saved content directly into tools like Claude, ChatGPT, and Muse.
Key points
Dropbox is significantly investing in its artificial intelligence infrastructure despite…: Dropbox is significantly investing in its artificial intelligence infrastructure despite cutting 9% of its global workforce last month.
Over 70,000 teams across the United States, United Kingdom, and Australia already have ac…: Over 70,000 teams across the United States, United Kingdom, and Australia already have access to the company's updated AI features.
The deal complements previous artificial intelligence acquisitions made by Dropbox, inclu…: The deal complements previous artificial intelligence acquisitions made by Dropbox, including Reclaim.ai, Promoted.ai, and Mobius Labs.
Sources checked by our analysis pipeline: 1
Dropbox is making a big push into AI infrastructure with a $350 million acquisition of cloud technology company Tigris Data, marking what appears to be its largest acquisition to date.
Announced Thursday, the deal is expected to strengthen Dropbox’s AI infrastructure capabilities and support the development of DBX Agent Cloud, a new storage platform aimed at businesses and developers building AI models and agents.
Dropbox told TechCrunch via email that the transaction is expected to close in the fourth quarter of 2026. The company also said it currently has no plans to reduce headcount as part of the acquisition. The company already cut 9% of its global workforce last month, WSJ reported.
DBX Agent Cloud will initially offer object storage as a standalone product, allowing businesses to purchase storage independently and use it with existing tools and applications built for Amazon S3 (Simple Storage Service), which is a cloud storage service that enables businesses to store and retrieve large volumes of data.
Beyond its infrastructure ambitions, Dropbox is also bringing more AI capabilities to its core product. Users will be…
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