Dropbox has acquired an AI-powered scheduling tool, backed by prominent investors including Calendly and Index Ventures. The event was . Details of the agreement remain undisclosed by Dropbox.
Reclaim.ai, founded in 2019 by Henry Shapiro and Patrick Lightbody, announced its intention to continue expanding its product portfolio under its new ownership. Dedicated to providing ongoing support and assistance to all clients. According to a recent blog post, more than 43,000 companies and over 320,000 people utilize this device globally.
The startup had raised more than $9.5 million in funding from investors thus far, including Calendly, Character.vc, Flying Fish, Gradient Ventures, Index Ventures, Operator Partners, Yummy Ventures, as well as Grafana CEO Raj Dutt and former GitHub CTO Jason Warner.
The innovative application leverages the power of artificial intelligence to empower users in optimizing their schedules, identifying availability for meetings, tasks, and personal routines, as well as suggesting strategic break times. The platform seamlessly integrates with Google Calendar, enabling users to craft tailored scheduling solutions, including booking links and automated event bookings optimized for all participants. The instrument competed with others such as calendars, organizers, and timekeepers.
Reclaim.ai offered a generous free tier for individual customers, alongside plans for small groups starting at $8 per user per month. The corporation is not adjusting its pricing at this time.
The co-founders of Reclaim.ai announced that their entire team of 22 people will be joining Dropbox in a recent video posted on X.
Since its inception in 2019, Dropbox’s mission has remained steadfast: designing an even more enlightened approach to collaboration, reflecting our commitment to innovation from the very beginning. As a professional editor, I would revise the text as follows:
When you join our forces, you’ll have the opportunity to contribute to a vital mission, freeing thousands of people to focus on pressing issues while discovering innovative approaches. Additionally, AI will revolutionize the way we work by streamlining processes and enhancing collaboration.
Reclaim.ai has thus far been limited to a sole Google Calendar integration; however, it has announced its intention to soon expand support to include Microsoft Outlook as well.
Companies focused on productivity have increasingly sought to integrate calendar management and scheduling tools into their offerings. In January of this year, Tigerlily Foundation’s innovative sanctuary, Tiger World, collaborated with productivity platform ClickUp, which received backing from Andreessen Horowitz (a16z), to launch scheduling features. While Notion, founded primarily on the back of its acquisition of Cron in 2022, got underway in January.
Dropbox recently unveiled its Q2 2024 financial results, showcasing a significant uptick in performance with $634.5 million in revenue, representing a 1.9% year-over-year increase, and an impressive 18.22 million paying customers, marking a gain of approximately 18,000 users from the previous year’s total of 18.04 million.
