Dropbox Acquires Tigris Data for $350M to Strengthen AI Infrastructure

Dropbox has announced a $350 million acquisition of Tigris Data, a cloud‑storage startup founded by former Uber engineers. The deal is expected to close in Q4 2026 and marks Dropbox’s largest purchase to date.

DBX Agent Cloud gains S3‑compatible object storage

The acquired technology will power DBX Agent Cloud, a platform that initially offers object storage as a standalone service. Customers can buy storage independently and use it with any tool built for Amazon S3, enabling seamless integration into existing AI pipelines.

Tigris Data’s platform automatically moves data closer to the compute resources that need it, reducing latency and improving throughput for training and inference workloads. The company raised $25 million in a Series A round last year.

Why it matters for GPU / AI infrastructure: By embedding globally distributed, low‑latency storage directly into an AI‑focused cloud, Dropbox reduces the data‑movement bottleneck that often limits GPU utilization. This makes large‑scale model training and agent‑driven workflows more cost‑effective for enterprises.