Dropbox acquires Tigris Data for $350 million and launches DBX Agent Cloud
November 8, 2026 · 3 min read
Dropbox has acquired the cloud storage startup Tigris Data for $350 million. The company announced the transaction alongside a significant update to its product portfolio, which includes the launch of a new service called DBX Agent Cloud. This new service is designed to allow artificial intelligence agents to store their own data. Additionally, Dropbox introduced new artificial intelligence productivity features to its primary file sharing platform.
Tigris Data, which is headquartered in Sunnyvale, California, provides object storage services that operate across multiple public cloud systems. The company states that its service enables applications to read and write data several times faster than other services currently available in the market. The service also includes various features specifically designed to improve the performance of artificial intelligence workloads. In general, artificial intelligence agents typically operate within sandboxes that contain the data necessary for their operations. Loading data into these sandboxes can be a time consuming process, which slows down the efficiency of the agents. Tigris Data offers a feature called Bucket Forms that helps accelerate these workflows. This feature also prevents agents from modifying data that is being used by other workloads.
The Tigris Data service monitors the locations where agents access data. When a new location is detected, the system moves a copy of the data to a nearby server to reduce latency. The service also caches the most frequently accessed files on high speed storage infrastructure to further improve access times. Dropbox stated that Tigris Data will support the company's push into the artificial intelligence infrastructure market. The company launched its first product in this category, DBX Agent Cloud, at the same time as it announced the acquisition. Like the Tigris Data service, DBX Agent Cloud is an object storage service that supports S3 and is customized specifically for artificial intelligence agents.
The storage company plans to add file system capabilities in the future. Object storage is considered most suitable for unstructured datasets, while file systems will be used to store data organized into folders. Dropbox plans to launch this technology alongside content processing capabilities. The company said these features will make it easier for artificial intelligence models to process data stored in DBX Agent Cloud. The new service is launching alongside a major overhaul of Dropbox's primary file sharing platform. An improved search bar will allow users to find images by typing a description of the desired file. Dropbox can also answer questions about files by generating summaries in natural language. For example, an employee can request an overview of the changes a colleague made to an important folder during the past week.
Dropbox can not only manage questions about files but can also edit them. The company stated that users can instruct an embedded artificial intelligence model to change file formats, move files to other folders, or combine files into a single PDF document. The system supports many other types of operations as well. Users can combine different operations to create multi step workflows. These artificial intelligence productivity features will initially be available to customers in the United States, the United Kingdom, and Australia who have Standard and Advanced subscriptions. Dropbox plans to expand access to these features further next year.