Dropbox has agreed to acquire cloud storage company Tigris Data for $350 million in purchase consideration, according to a LinkedIn post dated November 5, 2026. The deal is expected to close in the fourth quarter of 2026, Dropbox said.
The acquisition is intended to support Dropbox's new DBX Agent Cloud platform. According to the post, DBX Agent Cloud will offer standalone object storage compatible with tools built for Amazon S3.
The move comes as Dropbox adds AI features that let users work with their files and connect to tools including ChatGPT and Claude. Dropbox said more than 70,000 teams have access to the updated AI experience, with broader availability planned for 2027.