Home / Technology / Dropbox Buys AI Storage Firm for $350M
Dropbox Buys AI Storage Firm for $350M
5 Nov
Summary
- Dropbox acquired Tigris Data for $350 million to boost AI infrastructure.
- A new DBX Agent Cloud platform is being developed for AI model builders.
- Dropbox will integrate AI capabilities into its core product for users.
Dropbox has announced a significant move into AI infrastructure with the acquisition of Tigris Data for $350 million, its largest acquisition to date. This strategic purchase aims to enhance Dropbox's AI capabilities and support the creation of DBX Agent Cloud, a new storage platform. This platform is intended for businesses and developers engaged in building AI models and agents.
The transaction is anticipated to conclude in the fourth quarter of 2026. Dropbox has stated there are currently no plans for workforce reductions related to this acquisition. The company previously reduced its global workforce by 9% last month.
DBX Agent Cloud will initially offer object storage as a standalone service. This will enable businesses to procure storage independently and integrate it with existing tools compatible with Amazon S3. Beyond infrastructure, Dropbox is enhancing its primary product with AI features.
Users will soon be able to leverage AI for file-related tasks, select from various AI models, and connect their Dropbox content with third-party tools like ChatGPT and Claude. Future expansions for DBX Agent Cloud include support for diverse content types such as documents, images, audio, and video.
Additional planned features for DBX Agent Cloud encompass filesystem functionalities. These will empower AI agents to manage files and sustain continuity across tasks and sessions. The enhanced experience has already been adopted by over 70,000 teams. Initial availability is limited to eligible Standard and Advanced customers in the U.S., U.K., and Australia, with wider rollout planned for 2027.
