Dropbox plans to acquire Tigris Data for about USD $350 million. It also introduced DBX Agent Cloud and expanded AI features in its core platform.
The announcements came as Dropbox reported quarterly revenue of USD $637.3 million. It said the updated product experience had already been rolled out to more than 70,000 teams, including eligible customers in Australia.
The move marks a broader push beyond Dropbox's long-standing role in file storage and sharing. By adding an infrastructure offering for developers and companies building AI applications, it is seeking to serve both its existing workplace software customers and a new market for AI-related data services.
DBX Agent Cloud will begin with S3-compatible object storage, allowing companies to use tools and applications built around the Amazon S3 standard. The planned Tigris acquisition is intended to support that expansion. Tigris already offers its service in Sydney through an integration partner.
Tigris specialises in distributed object storage for AI workloads. Dropbox said the business would strengthen its efforts to provide a data layer for AI applications and agents that need access to datasets, model files, images, video and other content across different cloud environments.
It also plans to add filesystem and content-processing functions later. Those tools are intended to help customers manage files used by AI applications and prepare documents, images, audio and video as inputs.
Alongside the infrastructure move, Dropbox has added AI tools to its main product so users can work directly on files already stored on the platform. Customers can ask the service to find information, summarise folders, compare versions, draft documents from project context, edit PDFs and images, transcribe recordings, and refine video clips.
The system can also organise folders, move files and rename items, with users asked to approve a proposed plan before changes are made. Dropbox said the service keeps a record of actions taken and lets customers review changes and undo supported tasks.
Dropbox is also adding model choice inside the product. Users can switch between supported AI models during a session and use Dropbox content with external AI tools including ChatGPT, Claude and Muse, with the resulting work returned to Dropbox.
Ashraf Alkarmi, Co-Chief Executive Officer of Dropbox, set out the company's approach to the changes.
"The value of AI depends on the content and context it can work with," Alkarmi said.
"We're bringing AI to the work people already keep in Dropbox and extending our storage expertise to companies building AI applications. Across both, our goal is to give customers the freedom to choose how they use AI while keeping control of the content they depend on," he said.
Developer market
The planned deal for Tigris would give Dropbox a stronger position in the developer infrastructure market, where demand has grown as AI applications require large volumes of data to be stored and retrieved across cloud providers. Its strategy is to provide a portable home for that content as customers change models, applications and computing providers.
Tigris' Chief Executive Officer also highlighted the rationale for the transaction in remarks released with the announcement.
"Our customers depend on Tigris to keep their applications running, and their needs keep growing," said Ovais Tariq, Co-Founder and Chief Executive Officer of Tigris.
"Dropbox brings nearly two decades of experience operating storage infrastructure at scale. Combining that experience with our product and close relationships with developers would help us support larger workloads while keeping our focus on reliability, developer experience, and direct technical collaboration," Tariq said.
Australian rollout
Australia is among the first markets to receive the updated Dropbox experience, alongside the US and the UK, for eligible Standard and Advanced teams using the product in English. The early rollout gives Dropbox a test bed outside its home market as it introduces AI-assisted file work to business users and expands its presence in storage services linked to AI development.
Dropbox said it has more than 700 million registered users across about 180 countries.