Dropbox acquires Tigris Data for $350M to bolster its AI infrastructure
DBX Agent Cloud will start with standalone object storage compatible with tools built for Amazon S3.
The Tigris acquisition is expected to close in the fourth quarter of 2026, with Dropbox saying it has no plans to cut headcount as part of the deal. Tigris’s technology places data closer to the users and computing resources that need it to reduce access times. Dropbox plans to add support for more content types and filesystem features that let AI agents manage files and maintain continuity across tasks and sessions.
TechCrunch AI's note
The Tigris acquisition is expected to close in the fourth quarter of 2026, with Dropbox saying it has no plans to cut headcount as part of the deal. Tigris’s technology places data closer to the users and computing resources that need it to reduce access times. Dropbox plans to add support for more content types and filesystem features that let AI agents manage files and maintain continuity across tasks and sessions.
TechCrunch AI's note
score 8