Dropbox plans to acquire Tigris Data, a globally distributed, S3-compatible object storage platform built for AI workloads, the company said on 5 November 2026. It did not disclose a price; TechCrunch and SiliconANGLE reported about US$350m.
Why Dropbox, Inc. is buying Tigris Data Inc.
Dropbox said the deal will accelerate its expansion into AI infrastructure. It launched DBX Agent Cloud at the same time, a storage and data layer for companies building AI applications and agents, starting with standalone S3-compatible object storage.
“The value of AI depends on the content and context it can work with.”
Deal terms and financing
Dropbox's release gave no price. TechCrunch, which reported a figure of about US$350m, called it Dropbox's largest acquisition to date. Dropbox told TechCrunch it has no current plans to cut headcount as a result of the deal. Wilson Sonsini Goodrich & Rosati advised Tigris.
Regulatory approvals and timing
Dropbox told TechCrunch it expects the deal to close in the fourth quarter of 2026.
Market context
Tigris was founded by former Uber engineers and, according to TechCrunch, raised a US$25m Series A last year.
