Dropbox plans to acquire Tigris for $350m to sell storage to AI developers

Alongside the acquisition, Dropbox also announced DBX Agent Cloud, a forthcoming offering that will allow developers to purchase object storage from Dropbox. The Tigris acquisition is expected to provide the underlying object-storage technology for the service, subject to regulatory approvals.

Tigris, founded in 2022 by former Uber engineers Ovais Tariq, Himank Chaudhary and Yevgeniy Firsov, has built an S3-compatible storage platform that enables developers to keep data accessible across different cloud and compute environments. For developers training AI models, that could mean storing large datasets in one place while renting computing power from multiple providers. Using Amazon S3 in such situations can incur additional data-transfer costs, known as egress fees, and delays, particularly when computing happens outside AWS. Tigris addresses this by automatically keeping data close to where it is needed and charging no egress fees for transfers out of its storage service. The company announced a $25 million Series A round in October 2025, with investors including Spark Capital and existing backer Andreessen Horowitz.

Eric Webster, Dropbox’s chief business officer, told The New Stack that “operating infrastructure for Dropbox and offering a storage product to developers involve different requirements,” adding that “Tigris brings a working commercial product, an experienced team, developer relationships and early customer traction.” That customer traction includes companies such as Amplified, Railway, Runpod and Replicate, spanning developer hosting platforms, GPU infrastructure and AI model deployment.

Dropbox moved more than 90% of its user data off Amazon S3 onto an in-house system called Magic Pocket starting in 2015, but Webster said selling storage infrastructure to external customers presented different challenges. “Combining those strengths with Dropbox’s experience operating storage at scale would give us a faster path into this market,” he said.

Webster said existing Tigris customers will not “need to migrate or change how they use the service” when the acquisition closes, and will “continue to receive support for the Tigris product.” He added that “as the product evolves, we’ll communicate directly with customers before any changes that affect them.”

Dropbox has not provided a launch date for DBX Agent Cloud or detailed how the two companies’ technologies will be integrated. Webster said the company will “share more about the technical integration and availability as those plans develop.” The plan, ultimately, is to add filesystem and content-processing capabilities next, allowing AI applications to work with different types of content, track files, and pick up where they left off across sessions.

On the same day, Dropbox also announced what it called a “major evolution” of its main product, bringing AI-powered capabilities directly to customers’ existing files and workflows. The company said users can instruct AI to work directly on their files, from editing PDFs and images, to reorganising folders, transcribing recordings and completing multi-step tasks. Dropbox said more than 70,000 teams have received access to the new capabilities. The company is also giving users a choice of AI models within Dropbox and integrating with third-party tools including ChatGPT and Claude, allowing customers to work with their Dropbox files through external AI services without repeatedly uploading them. Mike Torres, Dropbox’s chief product officer, told The New Stack , “We want customers to have the freedom to use the AI tools that work best for them.”