Dropbox plans to buy object storage firm Tigris Data

Dropbox plans to buy object storage firm Tigris Data

5 November 2026: Dropbox has announced a planned acquisition of Tigris Data, which runs a globally distributed, S3-compatible object storage service. The deal is the base of a new Dropbox business, DBX Agent Cloud, which sells storage to companies and developers building AI applications. It starts with standalone object storage, and filesystem and content-processing capabilities are to follow. Tigris told its customers that "nothing about your experience changes": the same product, API, zero-egress pricing, team and support channels. The transaction has not closed, and neither side has said when it will.

Not yet independently verified. Neither company has stated a price or a closing date; a figure reported in the press is not confirmed on either party's page, so we leave it out. We will update this when it can be confirmed, and remove this note.

Two announcements from Dropbox on the same day

Dropbox paired the deal with a new version of its own product that brings AI to content customers already keep in Dropbox, with what it calls model choice and safeguards. "The value of AI depends on the content and context it can work with," said Ashraf Alkarmi, Dropbox's co-chief executive. "We're bringing AI to the work people already keep in Dropbox and extending our storage expertise to companies building AI applications." Dropbox says the content AI systems depend on, with its permissions, history and context, needs a consistent home while tools, models and compute keep changing.

What Tigris customers are told

Ovais Tariq, Tigris's co-founder and chief executive, says Tigris is a storage layer and will remain one. It will keep working with whichever compute platforms and GPU providers its customers use, and the companies behind those platforms have been its partners. Its customers include AI builders generating images and video and working with model artifacts, and the platforms other developers build on. The next features Dropbox plans are a filesystem interface onto data held in Tigris and processing that turns documents, images, audio and video into inputs for AI systems. Tigris was founded by former Uber engineers, and we list Tigris in our catalogue. "Dropbox brings nearly two decades of operating storage at that scale," Tariq said.

Questions for a team storing data on Tigris

Promises of continuity hold until a contract changes. A Tigris customer can check whether its terms let the service move to a new owner without notice, what the zero-egress pricing commitment covers and for how long, and where its data is placed and processed. If the company plans to use the coming content-processing features, it can ask whether that processing will run inside Tigris or in Dropbox systems, and under whose data processing terms. We list 8 cloud storage products and 13 file sharing products.

Sources

• Dropbox: Dropbox's next chapter: moving your work forward with AI in Dropbox, 5 November 2026
• Tigris Data: Dropbox plans to acquire Tigris (Ovais Tariq), 5 November 2026