Dropbox to acquire Tigris Data for $350 million and launch DBX Agent Cloud
Dropbox announced it will buy Tigris Data Inc. for about $350 million in cash, with the transaction expected to close in the fourth quarter of 2026. At the same time the company introduced DBX Agent Cloud, an AI‑focused storage service that offers S3‑compatible object storage. The new AI features have already been rolled out to more than 70,000 teams, with broader availability slated for 2027.
Why it matters
The acquisition expands Dropbox’s addressable market into AI infrastructure services, potentially adding a new revenue stream beyond its core collaboration tools. The launch of DBX Agent Cloud gives the company a product that can be sold independently to enterprises building AI applications.
Key facts
- 1Dropbox agreed to acquire Tigris Data for approximately $350 million in cash. tradingview.com
- 2The deal is expected to close in Q4 2026. tradingview.com
- 3Dropbox launched DBX Agent Cloud, an AI infrastructure storage service with S3‑compatible object storage. investing.com
- 4The new AI‑powered features have been rolled out to more than 70,000 teams. investing.com
- 5Broader availability of DBX Agent Cloud is planned for 2027. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.