Dropbox to Acquire Tigris Data for $350 Million in AI Push

The foundation for DBX Agent Cloud

The purchase centers on Dropbox's new DBX Agent Cloud platform. Dropbox wants to go beyond file storage and sharing and offer infrastructure that companies can use to build AI applications and AI agents.

At launch, DBX Agent Cloud will offer standalone object storage. Companies will be able to buy storage separately from Dropbox's other products and use it with existing applications and tools compatible with Amazon S3. Dropbox plans to add features for AI systems that work with documents, images, audio and video, and is also developing file system features to help agents manage files and keep context across tasks and sessions. Tigris's technology, team and ties with AI developers are expected to speed up Dropbox's entry into this area.

Funding and wider AI strategy

According to Crunchbase, Tigris Data has raised about $31.9 million in total. That includes a $25 million Series A in October 2025 led by Spark Capital, with Andreessen Horowitz and Basis Set Ventures participating. General Catalyst is among its earlier investors.

Dropbox is also adding AI to its core product. Users are expected to be able to choose between different AI models and use their Dropbox content with third-party tools such as ChatGPT, Claude and Muse. The company says this experience has already reached more than 70,000 teams.

Tigris follows earlier AI-focused purchases including Reclaim.ai, Promoted.ai and Mobius Labs. The deal shows Dropbox extending its AI strategy from end-user features to infrastructure sold directly to developers and businesses.