Dropbox is set to acquire Tigris Data — a globally distributed S3-compatible object storage firm founded by ex‑Uber engineers — for roughly $350 million in cash. The purchase will underpin the launch of DBX Agent Cloud, a storage and data infrastructure service built specifically for AI workloads and AI agents. The first module of DBX Agent Cloud is a standalone S3-compatible object storage product available as a separate purchase. Dropbox has executed a definitive purchase agreement and anticipates the transaction to complete during Q4 2026, pending standard closing requirements.

Object Storage for AI Applications

The inaugural DBX Agent Cloud offering is object storage compatible with Amazon S3‑based tools and software, sold separately from Dropbox’s core file sync and sharing subscriptions. Dropbox frames it as a unified repository for training datasets, model artifacts, visuals, video footage and other assets retrieved by AI applications across diverse cloud and compute environments. Tigris delivers the underlying technology: its platform exposes a single S3-compatible endpoint for application data spanning multiple compute environments, enabling applications hosted on one cloud to access data regardless of its physical location.

Tigris states that current users will retain the same product, APIs, pricing structure, zero egress charges, team roster and support pathways throughout the acquisition process. This zero‑egress policy applies only to existing Tigris customers. Dropbox has yet to release pricing, egress rules or a launch schedule for the object storage component of DBX Agent Cloud.

Dropbox intends to expand DBX Agent Cloud with filesystem functionality and content‑processing features. The filesystem layer will serve as an access interface for data held within Tigris’s backend, while content processing will transform documents, images, audio and video into formatted inputs ready for AI models and agents. Neither company has shared a target timeline for these upcoming features.

Ovais Tariq, co‑founder and CEO of Tigris, commented, “AI is creating storage demand at a scale our industry has never previously encountered.”

AI Actions Across Dropbox Content

Dropbox has also unveiled a refreshed platform experience that enables users to trigger automated actions on files already stored within their accounts. Dropbox identifies relevant material, generates an execution plan and completes the task once the user gives approval. Supported workflows include information lookup, folder summarization, version comparison, document drafting based on project context, PDF and image editing, audio transcription, video clip refinement, project folder organization, plus file relocation and renaming.

All AI actions respect pre-existing access permissions and generate audit trails, and completed tasks can be reversed. Users may select and switch between compatible AI models within a single session without losing their working context. It is also possible to use Dropbox-hosted files in external AI tools such as ChatGPT, Claude and Muse, eliminating repeated content uploads.

Ashraf Alkarmi, co‑CEO of Dropbox, noted, “The usefulness of AI hinges on the content and contextual information it can leverage.”

Availability

The updated Dropbox experience has been rolled out to over 70,000 teams. This initial release is available in English for qualifying Standard and Advanced plan teams based in the United States, United Kingdom and Australia, with wider global rollout scheduled for 2027. DBX Agent Cloud does not yet have an announced general availability date, and the Tigris acquisition remains pending.

Beijing Qianxing Jietong Technology Co., Ltd.
Sandy Yang/Global Strategy Director
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Email: yangyd@qianxingdata.com
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