According to TechCrunch, it appears to be Dropbox's largest acquisition to date and is expected to close in the fourth quarter of 2026. The company said it has no plans to cut staff as part of the deal, after laying off about 9% of its workforce last month, according to The Wall Street Journal.
DBX Agent Cloud will initially offer object storage as a standalone product, compatible with tools and applications built for Amazon S3. Dropbox later plans to add capabilities for working with documents, images, audio and video, and filesystem features that let agents manage files and keep continuity across tasks. Tigris builds storage that automatically places data close to users and compute, and raised $25 million in a Series A round last year.
Separately, Dropbox is adding to its core product the ability to ask AI to perform tasks on files, choose between models and connect content to tools such as ChatGPT and Claude. The company says the updated experience has already reached more than 70,000 teams in the US, UK and Australia.