Dropbox buys Tigris for $350 million and launches cloud storage for AI agents
The company is moving beyond file sharing with S3-compatible object storage, agent file systems and multimodal content processing.
Dropbox plans to acquire Tigris Data for about $350 million and use the company as the infrastructure foundation for a new product called DBX Agent Cloud. TechCrunch describes the transaction as the largest acquisition in Dropbox history.
Tigris, founded by former Uber infrastructure engineers, provides globally distributed object storage compatible with Amazon S3. Its system automatically places data near the users and compute resources that need it. DBX Agent Cloud will begin as a standalone object-storage service that developers can use with existing S3 tools.
Dropbox plans to add a file system designed for agents, including persistent state across tasks and sessions, plus processing for documents, images, audio and video. The pitch is that AI systems need more than a bucket of files: they need fast access to multimodal content and a durable workspace where agents can read, write and organize data.
The company is also bringing more AI actions into the core Dropbox product. Customers will be able to ask AI to work with their files, select among models and connect Dropbox content to services including ChatGPT and Claude. Dropbox says more than 70,000 teams are already using the redesigned experience.
The deal makes Dropbox a direct infrastructure vendor for AI builders, not just a consumer cloud-storage brand. It also gives the company a way to sell storage independently from its existing collaboration subscriptions.
