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Dropbox announced it will acquire cloud storage startup Tigris Data for approximately $350 million in cash. According to TechCrunch AI, the deal is expected to close in the fourth quarter of 2026 and may be Dropbox's largest acquisition to date. SiliconANGLE reported that Dropbox is simultaneously launching DBX Agent Cloud, an S3-compatible object storage service for AI agents; Tigris Data's object storage can run across multiple public clouds and offers features that accelerate agents' reads and writes and reduce latency. Dropbox has also added productivity features such as AI search, file summarization, and format conversion to its file-sharing platform, initially available to Standard and Advanced subscribers in the United States, the United Kingdom, and Australia.
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Dropbox Acquires Tigris Data for $350 Million and Launches DBX Agent CloudDevelopments
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Dropbox announces approximately $350 million acquisition of Tigris Data
Source:SiliconANGLE
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Nov 6
SiliconANGLE
Dropbox Acquires Tigris Data for $350 Million and Launches DBX Agent Cloud
Dropbox announced the acquisition of cloud storage startup Tigris Data for $350 million, along with the launch of DBX Agent Cloud, an S3-compatible object storage service for AI agents. Tigris Data's object storage can run across multiple public clouds and offers features such as bucket forms that accelerate agent read/write operations and reduce latency. Dropbox has also added productivity features to its file-sharing platform, including AI search, file summarization, and format conversion, initially available to Standard and Advanced subscribers in the United States, the United Kingdom, and Australia.
Nov 5
TechCrunch AI
Dropbox Acquires Tigris Data for $350 Million, Doubling Down on AI Infrastructure
Dropbox announced it will acquire cloud storage company Tigris Data for $350 million, with the deal expected to close in the fourth quarter of 2026; it may be its largest acquisition to date. The deal will support DBX Agent Cloud, a storage platform for enterprises and developers, initially offered as a standalone object storage product compatible with Amazon S3 tools. Dropbox is also adding capabilities to its core product, including using files to execute AI tasks, switching between different models, and connecting to ChatGPT, Claude, and Muse; the updated experience has reached more than 70,000 teams and is first available to Standard and Advanced customers in the United States, the United Kingdom, and Australia.
Unite.AI
Dropbox plans to acquire Tigris for approximately $350 million and launch DBX Agent Cloud
On November 5, 2026, Dropbox announced that it has agreed to acquire Tigris Data for approximately $350 million in cash, while also launching DBX Agent Cloud, a storage and data layer for AI applications and agents. The transaction is still pending and is expected to close in the fourth quarter of 2026. DBX Agent Cloud starts with standalone S3-compatible object storage, with plans to add content processing and file system capabilities later; Dropbox says its new file AI operations experience has rolled out to more than 70,000 teams, initially covering Standard and Advanced teams in the United States, the United Kingdom, and Australia.
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