The deal is slated to close in the fourth quarter of 2026 to support Dropbox's newly revealed DBX Agent Cloud storage platform. Tigris Data's core technology automatically positions data closer to requesting computing resources to eliminate latency for resource-intensive artificial intelligence applications. The new storage system will initially launch with Amazon S3 compatibility before adding filesystem capabilities for persistent agent workflows. Meanwhile, updated productivity features connecting files to external models like ChatGPT and Claude have already expanded to over 70,000 teams.
Key points
The planned DBX Agent Cloud will debut as an Amazon S3-compatible object storage service…: The planned DBX Agent Cloud will debut as an Amazon S3-compatible object storage service before gaining advanced file management abilities.
Management confirmed it has no intentions to reduce corporate headcount in connection wit…: Management confirmed it has no intentions to reduce corporate headcount in connection with this technology acquisition.
This investment builds upon earlier AI-related company purchases including Mobius Labs, P…: This investment builds upon earlier AI-related company purchases including Mobius Labs, Promoted.ai, and Reclaim.ai.
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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