Dropbox buys Tigris Data and launches DBX Agent Cloud, storage built for AI agents

Dropbox wants to be more than the folder where your files live. The company has agreed to acquire Tigris Data, a startup that runs S3-compatible object storage across several clouds, and at the same time introduced DBX Agent Cloud, a storage service for businesses and developers building AI applications and agents. According to TechCrunch, the deal is worth $350 million and looks like the biggest acquisition Dropbox has ever made.

DBX Agent Cloud begins as standalone object storage that companies can buy without a regular Dropbox plan. It uses the same interface as Amazon S3, so tools and apps written for Amazon’s service should work with it out of the box. Next on the roadmap are a filesystem layer, which would give agents a persistent place to keep files between tasks and sessions, and content processing that turns documents, images, audio and video into input AI models can use.

Tigris is meant to speed that up. The Sunnyvale company was started by engineers who built storage systems at Uber, and its service moves copies of data closer to wherever they are being read while keeping popular files on fast hardware. In a note to its own customers, Tigris promised that nothing changes for them: the product, the API, the pricing without egress fees and the support team all stay. Dropbox told TechCrunch it expects to close the deal before the end of the year.

The other half of the news is about the Dropbox app itself. Users can now ask it to locate information, answer questions about a project, summarize a folder, compare versions of a file or catch up on recent changes. It can also draft documents from project context, edit PDFs, images and video clips, transcribe recordings, and move or rename files, chaining several steps from one request. Before touching anything, it shows a plan for approval, and changes can be undone.

Dropbox says the new experience already reaches more than 70,000 teams. For now it is limited to eligible Standard and Advanced teams in the US, UK and Australia, in English, with wider availability planned for 2027.

Storage for AI is hardly an empty field, with Amazon, Google and Microsoft all selling it. Dropbox’s angle is neutrality: it pitches DBX Agent Cloud as a data layer that sits next to whatever cloud or compute provider a customer already uses, not a replacement for it.

Reported by Dropbox, Tigris Data, TechCrunch. Compiled with AI tools.