Dropbox acquires AI scheduling tool Reclaim.ai, backed by Index Ventures

Dropbox acquires AI-powered scheduling tool Recover.aiwhose sponsors include Calendly and Index Ventures. This development was it was revealed in a blog post on the Reclaim.ai website on TuesdayDropbox didn’t disclose the terms of the deal.

Reclaim.ai, founded in 2019 by Henry Shapiro and Patrick Lightbody, said the corporate plans to proceed developing its product under latest ownership. The company also said it’s committed to ongoing support for all users. More than 43,000 corporations and greater than 320,000 people use the tool worldwide, based on a blog post.

To date, the startup has raised over $9.5 million in funding from investors including Calendly, Character.vc, Flying Fish, Gradient Ventures, Index Ventures, Operator Partners, Yummy Ventures, in addition to Grafana CEO Raj Dutt and former GitHub CTO Jason Warner.

It focused on using artificial intelligence to assist users higher manage their time and find appointments, tasks, construct personal habits, and take breaks. Its product, which integrates with Google Calendar, also allows users to create various scheduling features, similar to booking links and the power to mechanically book appointments on a schedule that may be optimal for all participants. It competed with other scheduling tools similar to Calendly, Clockwise, and Scribble.

Reclaim.ai had a basic free tier for individual users, combined with plans for small teams that began at $8 per person per thirty days. The company noted that it will not be changing its fees for now.

In a video posted on X, the founders of Reclaim.ai announced that your entire team of twenty-two people will likely be joining Dropbox.

“Dropbox’s mission is to ‘design a more enlightened way to work’ – a goal we’ve shared since Reclaim launched in 2019. By joining forces, we can support that mission and help millions of people make time for what matters, while also exploring new ways AI can help us improve the way we work,” Reclaim.ai also said. written within the post.

Reclaim.ai has up to now only supported integration with Google Calendar, but the corporate said it plans to introduce Outlook support soon.

Productivity corporations are increasingly trying to integrate calendar management and scheduling tools into their solutions. Earlier this yr, Tiger Global and a16z-backed productivity platform ClickUp acquired calendar startup Hypercal, with plans so as to add scheduling features. And in January, Notion introduced its latest Cron-based calendar product, which it acquired in 2022.

Earlier this month, Dropbox reported its second-quarter 2024 results, reporting revenue of $634.5 million, up 1.9% year-over-year, and 18.22 million paying users, up from 18.04 million a yr ago.