What does Tigris Data do?

Tigris runs an object storage service that speaks the Amazon S3 API and spreads data across regions, aimed at AI training and inference workloads. It does not charge egress fees.

Who is buying Tigris Data?

Dropbox agreed on 3 November 2026 to buy Tigris for about $350 million in cash, according to its SEC filing. Closing is expected in the fourth quarter of 2026.

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AI object storage startup1 story

Tigris Data is a US startup that runs a globally distributed, S3-compatible object storage service aimed at AI workloads, letting developers store and read data across clouds without egress fees.

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 Tigris Data

Tigris Data is a US startup that runs a globally distributed, S3-compatible object storage service aimed at AI workloads, letting developers store and read data across clouds without egress fees. It was founded by former Uber storage engineers and is led by co-founder Ovais Tariq. Dropbox agreed to buy it in November 2026.

Reviewed 6 Nov 2026

Facts at a glance

Type: Globally distributed, S3-compatible object storage for AI workloads
Co-founder and CEO: Ovais Tariq source
Founders: Former Uber engineers who built Uber's storage infrastructure source
Earlier funding: $25 million Series A source
Acquirer: Dropbox, about $350 million in cash, agreed 3 November 2026, closing expected in Q4 2026 source

Questions people ask

What does Tigris Data do?: Tigris runs an object storage service that speaks the Amazon S3 API and spreads data across regions, aimed at AI training and inference workloads. It does not charge egress fees.
Who is buying Tigris Data?: Dropbox agreed on 3 November 2026 to buy Tigris for about $350 million in cash, according to its SEC filing. Closing is expected in the fourth quarter of 2026.

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