# Dropbox buys Tigris Data for $350M to build AI storage platform

Digest AI · Enterprise & Industry · published 2026-11-05T15:19:05Z · updated 2026-11-05T15:40:02Z

Canonical: https://digestai.news/story/dropbox-buys-tigris-data-for-350m-to-build-ai-storage-platform

## Summary

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 improving performance for AI workloads.

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.

## 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

## Why it matters

The deal accelerates Dropbox’s push into AI infrastructure, giving businesses a storage layer optimized for AI workloads and agents. It also signals growing competition in cloud storage for AI applications.

## Sources

1. [Dropbox acquires Tigris Data for $350M to bolster its AI infrastructure](https://techcrunch.com/2026/11/05/dropbox-acquires-tigris-data-for-350m-to-bolster-its-ai-iinfrastructure) (TechCrunch AI, 2026-11-05)
2. [Dropbox plans to acquire AI storage startup Tigris Data for $350M, its largest acquisition to date; Tigris raised ~$31.9M from Spark, a16z, and others](https://news.crunchbase.com/ma/dbx-ai-infrastructure-deal-tigris-acquisition) (news.crunchbase.com, 2026-11-05)
3. [Dropbox Signs Tigris Deal to Enter AI Infrastructure](https://unite.ai/dropbox-signs-tigris-deal-to-enter-ai-infrastructure) (Unite.AI, 2026-11-05)

## Cite

Digest AI, "Dropbox buys Tigris Data for $350M to build AI storage platform", 5 November 2026, https://digestai.news/story/dropbox-buys-tigris-data-for-350m-to-build-ai-storage-platform

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