Overview
- Dropbox announced plans to acquire Tigris Data for about $350 million in cash, a deal disclosed Thursday that it expects to close in the fourth quarter of 2026 subject to customary conditions.
- The purchase underpins DBX Agent Cloud, a new product that will at launch offer standalone object storage for large AI datasets such as images, video, and training files and will work with tools written for Amazon S3.
- Tigris is a Sunnyvale startup founded by former Uber engineers that runs a globally distributed, S3‑compatible object storage platform designed to operate across multiple cloud providers to reduce vendor lock‑in and costly egress fees.
- Dropbox says the acquisition brings a production‑ready product, an experienced engineering team, and existing developer relationships that will speed its entry into AI infrastructure while it continues adding AI features to its core file service.
- The deal is Dropbox’s largest to date and marks a strategic shift from pure file sharing toward selling backend infrastructure to developers, a move that could reshape how companies handle model training and deployment across clouds.