Dropbox Acquires Tigris Data for $350 Million to Strengthen AI Infrastructure
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On November 5, 2026, Dropbox announced the acquisition of cloud storage company Tigris Data for $350 million. Reportedly the largest acquisition in Dropbox's history, the deal is expected to close in the fourth quarter of 2026. Dropbox said the acquisition will be used to strengthen its AI infrastructure and to develop DBX Agent Cloud, a storage platform for enterprises and developers. The transaction is still pending completion as planned, and the company has not released further integration details.
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- TechCrunch · AIDropbox acquires Tigris Data for $350M to bolster its AI infrastructure
Dropbox announced a $350 million acquisition of cloud storage company Tigris Data, expected to be its largest deal to date, with the transaction set to close in Q4 2026; the company will use it to build DBX Agent Cloud, a storage platform for enterprises and developers.
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