Dropbox buys Tigris Data for $350M to build AI storage platform
Dropbox announced on Thursday it will acquire Tigris Data for $350 million, its largest deal to date. The move aims to strengthen Dropbox’s AI infrastructure by integrating Tigris’s cloud storage technology into DBX Agent Cloud, a new platform for businesses and developers building AI models and agents. Tigris’s platform optimizes data storage and retrieval across regions, reducing latency and…
Key points
- Dropbox acquires Tigris Data for $350 million, its largest deal ever, to build AI storage infrastructure
- DBX Agent Cloud will offer object storage compatible with Amazon S3, targeting AI model developers
- New AI features in Dropbox core product let users prompt AI on files and integrate with third-party tools
Dropbox says the acquisition will also enhance its core product with AI features, letting users prompt AI to act on files, switch between AI models, and connect Dropbox content to third-party tools like ChatGPT, Claude, and Muse. The updated experience is already available to over 70,000 teams in the U.S., U.K., and Australia, with broader rollout planned for 2027. Tigris Data, founded by former Uber engineers, previously raised $25 million in a Series A round last year. Dropbox has previously acquired AI-focused companies like Reclaim.ai, Promoted.ai, and Mobius Labs to expand its AI capabilities.
Model page: Muse →
Dropbox acquires Tigris Data for $350M to bolster its AI infrastructure
TechCrunch AI · 5 November 2026
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