Dropbox plans to acquire Tigris, a Sunnyvale, California, startup that builds distributed data-storage infrastructure for AI workloads, for $350 million, according to Crunchbase News, which reported the deal on November 5, 2026. Dropbox told Crunchbase News it would be the largest acquisition in its history.

What was announced

  • Crunchbase News reports that the deal has been announced but not completed, and that other terms, including how the price is paid and when the deal is expected to close, were not disclosed.
  • Tigris was founded by former Uber engineers. According to Crunchbase News, it builds a network of localized data-storage centers that it says can handle the distributed computing demands of modern AI workloads, and the deal would give Dropbox a storage platform for developers whose applications run across several cloud providers.
  • Dropbox also introduced DBX Agent Cloud, which will initially offer standalone object storage, according to the report.

Dropbox’s rationale

Dropbox describes its AI strategy as “a significant shift,” as it expands from file storage and sharing into selling infrastructure that developers use to build AI software, according to Crunchbase News. Eric Webster, Dropbox’s chief business officer, is quoted as saying Tigris offers “a product already running in production, an experienced team, and established relationships with AI developers.” He also said: “That combination would accelerate our entry into infrastructure for AI applications through DBX Agent Cloud.”

Tigris’s funding

Crunchbase data shows Tigris has raised roughly $31.9 million since it began in 2021. Spark Capital led its October 2025 Series A of $25 million, with Andreessen Horowitz and Basis Set Ventures also participating. Basis Set Ventures led the seed round, and General Catalyst is among its other early backers, according to Crunchbase News.

Sources and notes

This post is based on Crunchbase News’ article by Mary Ann Azevedo, published November 5, 2026. Lens did not read a Dropbox or Tigris announcement or any regulatory filing, and the deal had not closed when the report was written. Lens did not contact Dropbox or Tigris.

Image: An aisle between rows of server racks in a data centre, by Derrick Coetzee via Wikimedia Commons, released under CC0 1.0; cropped. Stand-in photo; it does not show the events described.