Dropbox plans to buy Tigris for about $350 million cash and launch DBX Agent Cloud

On November 5, Dropbox said it plans to acquire object-storage company Tigris Data for about $350 million in cash and to launch DBX Agent Cloud for companies and developers. Closing still depends on customary conditions, with a target in the fourth quarter of 2026. DBX Agent Cloud starts with standalone, Amazon S3-compatible object storage that customers can buy on its own, with filesystem and content-processing features planned next. Tigris says the product, pricing, zero egress fees, and team support stay the same. The same day Dropbox also rolled AI actions into existing file workflows and said the new capabilities already reach more than 70,000 teams. First-hand sources: the Dropbox blog, the Tigris blog, and Form 8-K / Exhibit 99.1.

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