Dropbox is buying Tigris Data, a globally distributed S3-compatible object storage provider founded by former Uber engineers, for about $350 million in cash, and is using the deal to launch DBX Agent Cloud, a storage and data infrastructure service for AI applications and agents. The first piece of DBX Agent Cloud is standalone S3-compatible object storage that companies can buy on its own. Dropbox has signed a definitive agreement and expects the acquisition to close in the fourth quarter of 2026, subject to customary closing conditions.
Object Storage for AI Applications
The initial DBX Agent Cloud offering is object storage that works with tools and applications written for Amazon S3, sold independently of Dropbox’s file sync and sharing plans. Dropbox positions it as a single home for training datasets, model artifacts, images, video, and other content that AI applications pull from across cloud and compute environments. Tigris supplies the engine: its platform presents one S3-compatible endpoint for application data across compute environments, which is what lets an application in one cloud read data without caring where it lives.
Tigris says existing customers keep the same product, API, pricing, zero egress fees, team, and support channels while the transaction progresses. That zero-egress term applies to Tigris customers; Dropbox has not published pricing, egress terms, or an availability date for DBX Agent Cloud’s object storage.
Dropbox plans to add filesystem and content-processing capabilities to DBX Agent Cloud. Tigris describes the filesystem as an interface to data stored in Tigris, and content processing would convert documents, images, audio, and video into inputs an AI model or agent can use. Neither company has given a timeline for those pieces.
Ovais Tariq, co-founder and CEO of Tigris, said, “AI is driving storage demand at a scale this industry has not seen before.”
AI Actions Across Dropbox Content
Dropbox also introduced an updated Dropbox experience that lets customers ask for actions on files they already store. Dropbox says it finds the relevant content, proposes a plan, and carries out the work after the customer approves it. Supported tasks include finding information, summarizing folders, comparing versions, drafting documents from project context, editing PDFs and images, transcribing recordings, refining video clips, organizing project folders, and moving or renaming files.
Actions run within existing permissions and are recorded for review, and supported actions can be undone. Customers can choose and switch among supported AI models during a session without losing their working context, and can use Dropbox files in third-party AI tools including ChatGPT, Claude, and Muse without uploading content each time.
Ashraf Alkarmi, co-CEO of Dropbox, said, “The value of AI depends on the content and context it can work with.”
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The updated Dropbox experience has rolled out to more than 70,000 teams. The initial rollout covers eligible Standard and Advanced teams in the US, UK, and Australia in English, with broader availability planned for 2027. DBX Agent Cloud has no published general availability date, and the Tigris acquisition has not closed.
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