Dropbox acquires Tigris Data for $350M to bolster its AI infra

Dropbox is making a large propulsion into AI infrastructure with a $350 cardinal acquisition of unreality exertion institution Tigris Data, marking what appears to beryllium its largest acquisition to date.

Announced Thursday, the woody is expected to fortify Dropbox’s AI infrastructure capabilities and enactment the improvement of DBX Agent Cloud, a caller retention level aimed astatine businesses and developers gathering AI models and agents.

Dropbox told TechCrunch via email that the transaction is expected to adjacent successful the 4th fourth of 2026. The institution besides said it presently has nary plans to trim headcount arsenic portion of the acquisition. The institution already chopped 9% of its planetary workforce past month, WSJ reported. 

DBX Agent Cloud volition initially connection entity retention arsenic a standalone product, allowing businesses to acquisition retention independently and usage it with existing tools and applications built for Amazon S3 (Simple Storage Service), which is simply a unreality retention work that enables businesses to store and retrieve ample volumes of data.

Beyond its infrastructure ambitions, Dropbox is besides bringing much AI capabilities to its halfway product. Users volition beryllium capable to inquire AI to execute supported tasks utilizing their files, take betwixt antithetic AI models, and link their Dropbox contented to third-party tools, including ChatGPT, Claude and Muse.

The institution besides plans to grow DBX Agent Cloud with further capabilities designed to assistance AI systems enactment with antithetic types of content, including documents, images, audio and video. Other planned additions see filesystem features that volition let AI agents to negociate files and support continuity crossed tasks and sessions.

Dropbox says the updated acquisition has already reached much than 70,000 teams. The archetypal rollout is disposable to eligible Standard and Advanced customers successful the U.S., U.K., and Australia, with broader availability planned for 2027.

Tigris Data was founded by erstwhile Uber engineers who helped make the ride-hailing company’s retention infrastructure. The institution provides unreality retention exertion that helps businesses store and entree information crossed antithetic regions. Its level automatically positions information person to the users and computing resources that request it, helping trim entree times and amended performance. 

Tigris Data raised $25 million successful a Series A backing circular past year.

While the Tigris woody appears to beryllium Dropbox’s largest acquisition, it is not the company’s archetypal determination to grow its AI capabilities done M&A. Dropbox has antecedently acquired respective AI-focused companies, including Reclaim.ai, Promoted.ai, and Mobius Labs.