What is DBX Agent Cloud?

DBX Agent Cloud is a storage platform Dropbox announced on 5 November 2026 for businesses and developers building AI models and agents. It starts as standalone S3-compatible object storage; Dropbox plans to add filesystem and content-processing features later.

Co-founder Drew Houston is chief executive of Dropbox, which he started in 2007 with Arash Ferdowsi.

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Dropbox is a US cloud storage and file collaboration company founded in 2007 by Drew Houston and Arash Ferdowsi and listed on Nasdaq under DBX.

Abstract illustration of rising bars and a growth line — Dropbox to buy Tigris Data for about $350 million and launch DBX Agent Cloud storage

AI Business & Funding6 Nov 2026, 16:20 UTC

Dropbox agreed to buy object storage startup Tigris Data for about $350 million in cash and announced DBX Agent Cloud, S3-compatible storage for AI builders.

Summary

Dropbox agreed on 3 November 2026 to acquire Tigris Data, a startup that runs globally distributed object storage for AI workloads, for about $350 million in cash, according to an SEC filing. Announced on 5 November with its third quarter results, the deal underpins DBX Agent Cloud, a new storage product for developers building AI models and agents. Closing is expected in the fourth quarter of 2026. No price or launch date has been given for DBX Agent Cloud.

About Dropbox

Dropbox is a US cloud storage and file collaboration company founded in 2007 by Drew Houston and Arash Ferdowsi and listed on Nasdaq under DBX. Houston is chief executive. In November 2026 it agreed to buy Tigris Data and announced DBX Agent Cloud, object storage for developers building AI applications and agents.

Reviewed 6 Nov 2026

Facts at a glance

Type: Public company, cloud storage and collaboration software
Founded: 2007, by Drew Houston and Arash Ferdowsi source
CEO: Drew Houston source
Listing: Nasdaq: DBX
Q3 2026 revenue: $637.3 million, up 0.5% year over year (company figure) source
Paying users: 18.20 million at the end of Q3 2026 (company figure) source
Pending acquisition: Tigris Data, about $350 million in cash, closing expected in Q4 2026 source

Questions people ask

What is DBX Agent Cloud?: DBX Agent Cloud is a storage platform Dropbox announced on 5 November 2026 for businesses and developers building AI models and agents. It starts as standalone S3-compatible object storage; Dropbox plans to add filesystem and content-processing features later.
Who runs Dropbox?: Co-founder Drew Houston is chief executive of Dropbox, which he started in 2007 with Arash Ferdowsi.

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Dropbox to buy Tigris Data for about $350 million and launch DBX Agent Cloud storage