Dropbox Acquires Tigris Data for $350 Million to Boost AI Storage

5 Nov 2026, 8:49 pm · 2h ago · 1 min read · TechCrunch AINew

Amount

$350M

Dropbox has acquired data infrastructure startup Tigris Data for $350 million to strengthen its artificial intelligence infrastructure. The acquisition will directly support the development of DBX Agent Cloud, Dropbox's upcoming storage platform designed for software developers building AI models and autonomous AI agents. The strategic purchase highlights Dropbox's continued push to expand beyond traditional cloud storage and offer developer-centric infrastructure tailored to agentic workflows and heavy AI data workloads. Tigris Data provides developers with globally distributed, low-latency object storage solutions optimized for modern application stacks.