Reported by 2 outlets
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AI summary of the reporting below · Updated · How we work
Dropbox is buying cloud storage startup Tigris Data for $350 million in what appears to be its largest acquisition yet. The transaction is slated to close in the fourth quarter of 2026, and Dropbox indicated it has no plans for headcount reductions tied to the purchase. Alongside the acquisition, Dropbox unveiled DBX Agent Cloud, a platform designed for developers and businesses building artificial intelligence agents. [1][2]
Tigris Data, created by former Uber engineers, operates storage technology that automatically distributes data closer to users and computing hubs to cut latency. DBX Agent Cloud will initially launch as a stand-alone object storage product compatible with Amazon S3. In addition, Dropbox is updating its core service so users can run tasks against files using chosen AI models or connect files to tools like ChatGPT, Claude, and Muse. [1][2]
Dropbox reported that its updated AI experience has reached over 70,000 teams, with initial access limited to eligible Standard and Advanced customers across the U.S., U.K., and Australia ahead of broader availability in 2027. The deal follows other recent AI-focused acquisitions by Dropbox, including Reclaim.ai, Promoted.ai, and Mobius Labs. [2]
Dropbox Inc. is acquiring cloud storage startup Tigris Data Inc. for $350 million. The company announced the deal today in conjunction with a major update to its product portfolio. It introduced DBX Agent Cloud, a service that artificial intelligence agents can use to store their data. Dropbox is also adding new AI productivity features to…
via SiliconANGLE
The deal is expected to support the development of DBX Agent Cloud, a new storage platform aimed at developers building AI models and agents.
via TechCrunch