Dropbox ditched AWS S3 for its own in-house system. Now it’s buying Tigris to sell S3-compatible storage to AI developers.
Dropbox announced a $350 million acquisition of Tigris, a startup providing S3-compatible object storage for AI applications. The move enables Dropbox to offer object storage infrastructure directly to developers through DBX Agent Cloud. Dropbox, which migrated 90% of its user data from Amazon S3 to its in-house Magic Pocket system in 2015, sees Tigris as bringing proven commercial infrastructure, experienced team, developer relationships, and early customer traction to support external sales.
Key points
- Dropbox acquires Tigris for $350M to build AI storage infrastructure business
- Launches DBX Agent Cloud to sell S3-compatible storage to developers
- Tigris brings existing commercial product and customer relationships (Railway, Runpod, etc.)
- Builds on Dropbox's 2015 migration to in-house Magic Pocket storage system
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