Dropbox invests $350M in Tigris Data to boost AI cloud storage and infrastructure capabilities.

Dropbox is acquiring cloud tech firm Tigris Data for $350 million to enhance its AI infrastructure and launch DBX Agent Cloud, a new storage platform for AI developers. The deal, expected to close in Q4 2026, aims to support businesses with scalable storage compatible with Amazon S3 tools. Dropbox also plans to integrate AI features into its core product, enabling users to perform tasks with AI models and connect to tools like ChatGPT. The new platform will expand to handle various content types and improve AI file management, with broader availability planned for 2027.

Dropbox shares are trading at USD 36.76 on Pluang as of Nov 05, 2026 22:32 WIB, showing a 1.83% gain in one day. The stock's market capitalization stands at $7.85 billion, reflecting its significant presence in the technology sector. Trading volume reached 3,395,237 shares, indicating active investor interest around the time of the acquisition news.