Dropbox plans to acquire Tigris Data for $350 million and launch DBX Agent Cloud.

On November 5, 2026, Dropbox announced plans to acquire distributed object storage company Tigris Data for approximately $350 million, describing it as the company's largest acquisition since its inception. Headquartered in Sunnyvale, California, Tigris was founded by former Uber engineers and has raised approximately $31.9 million in total funding, including a $25 million Series A round in October 2025. On the same day, Dropbox launched DBX Agent Cloud for developers, which initially provides independent object storage for large-scale data used in AI training and inference. Chief Business Officer Eric Webster stated that this move aims to accelerate the company's entry into the cross-cloud AI application infrastructure market and establish a parallel track alongside file-based AI features for existing customers.