Dropbox plans $350 million Tigris deal and AI storage service

AI · First reported 5 Nov, 14:00 · Updated 20:40

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

Dropbox plans to acquire cloud-storage company Tigris Data for $350 million and launch DBX Agent Cloud, a storage service for businesses and developers building AI applications. The coverage also describes changes to Dropbox’s core product, including AI-assisted file tasks and links to external AI tools.

Dropbox plans to acquire Tigris Data for $350 million; the deal is expected to close in the fourth quarter of 2026, according to Dropbox’s statement reported in one article. Another account says Dropbox has not given a closing date.
DBX Agent Cloud launches with standalone object storage compatible with tools built for Amazon S3. Dropbox plans to add content-processing and filesystem features for AI systems.
Dropbox is also adding AI features to its existing product, including supported file tasks, model selection, and connections to ChatGPT, Claude, and Muse.
The new Dropbox experience has reached more than 70,000 teams; initial availability is for eligible Standard and Advanced customers in the US, UK, and Australia, with broader expansion planned for 2027.

Summary written by Lux AI from 3 articles

Key facts

Planned acquisition price: $350 million
Acquisition target: Tigris Data, a cloud-storage company founded by former Uber engineers
Expected closing: Q4 2026, according to the left article; the centre article says no closing date was provided
Initial DBX Agent Cloud offering: Standalone object storage compatible with Amazon S3 tools
Teams reached by new Dropbox features: More than 70,000