Dropbox, the file storage and sharing company, plans to acquire Tigris Data for US$350 million. The deal is its largest acquisition to date. The company also introduced DBX Agent Cloud, a storage and data service for AI builders.
Acquisition terms
Tigris provides globally distributed object storage built for AI workloads. Its platform is S3-compatible and lets developers manage data across clouds without vendor lock-in. Dropbox expects the purchase to accelerate its move into AI infrastructure.
Company footprint
Dropbox has more than 700 million registered users across about 180 countries. It operates from San Francisco. Tigris was founded by former Uber engineers.
New AI tools
Within Dropbox, customers can ask the service to summarize folders, compare versions, and draft documents. They approve a plan before the service makes changes. They can also use supported AI tools like ChatGPT, Claude, and Muse on Dropbox files without repeat uploads.
The initial rollout covers eligible Standard and Advanced teams in the US, the UK, and Australia. It is available in English. Broader availability is planned for 2027.