Dropbox announced plans on November 5 to acquire Tigris Data, an object-storage provider for AI workloads, and introduced DBX Agent Cloud.
Its earnings filing values the planned deal at about $350 million in cash, subject to customary price adjustments, with closing expected in the fourth quarter of 2026 subject to customary conditions. The transaction is not complete.
DBX Agent Cloud starts with separately purchasable, object storage compatible with Amazon S3’s interface for developers building AI applications and agents. Filesystem and content-processing capabilities are planned next. The announcement gives no detailed infrastructure pricing or regional rollout schedule.
Alongside that infrastructure push, Dropbox says its new core experience has reached more than 70,000 teams. Initial availability covers eligible Standard and Advanced teams in the US, UK and Australia, in English, with broader access planned for 2027.
Users can request supported file tasks, including summaries, edits and folder organization. Dropbox presents a plan for approval before changes, follows existing permissions and records its actions; users can undo supported changes. This team-product rollout is separate from DBX Agent Cloud’s infrastructure offering.