Dropbox said on November 5, 2026, that it plans to acquire Tigris Data, a US-based cloud storage company, for US$350 million to expand its AI infrastructure and support DBX Agent Cloud.

The deal is expected to close in the fourth quarter of 2026.

Tigris sells object storage and markets it as compatible with Amazon S3 tools for AI agents.

Dropbox also said it unveiled DBX Agent Cloud, a storage platform for businesses and developers building AI models and agents.

It will initially offer standalone object storage.

Dropbox said it currently has no plans for acquisition-related layoffs.

Last month, the company announced plans to cut 9% of its workforce.

Separately, Dropbox said its updated core product with AI features has reached more than 70,000 teams.

The rollout is available to eligible Standard and Advanced customers in the US, the UK, and Australia, with broader availability planned for 2027.

🔗 Source: TechCrunch

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