Dropbox has acquired Reclaim.ai, an AI-powered scheduling tool whose investors also include Calendly and Index Ventures, in a blog post on Reclaim.ai's website on Tuesday. Dropbox did not disclose terms of the deal.
Founded in 2019 by Henry Shapiro and Patrick Lightbody, Reclaim.ai said it plans to continue developing its product under the new ownership. It also said it is committed to ongoing support for all its users. More than 43,000 companies and more than 320,000 people around the world use the tool, according to a blog post.
The startup has raised over $9.5 million to date from investors including Calendly, Character.vc, Flying Fish, Gradient Ventures, Index Ventures, Operator Partners, Yummy Ventures, Grafana CEO Raj Dutt, and former GitHub CTO Jason Warner.
The company focuses on leveraging AI to help users better manage their time, find free time for meetings and tasks, develop personal habits, and take breaks. Its product, which integrates with Google Calendar, also allows users to create a variety of scheduling features, including booking links and the ability to automatically book time on a schedule that works best for all participants. The company competed with other scheduling tools such as Calendly, Clockwise, and Doodle.
Reclaim.ai offers a basic free plan for individual users and plans for small teams starting at $8 per person per month, and the company said it has no plans to change its pricing for now.
In a video posted to X, Reclaim.ai's founders said the company's entire 22-person team would be joining Dropbox.
“Dropbox's mission is to 'design smarter ways to work,' a goal we've shared since Reclaim launched in 2019. By joining forces, we can support that mission, empower millions of people to spend time on what matters, and explore new ways that AI can help improve the way we work,” Reclaim.ai said in a post.
Dropbox's mission is to “design smarter ways to work,” a goal we've shared since Reclaim launched in 2019. By joining forces, we can support this mission, empower millions of people to spend more time on the things that matter, and explore new ways that AI can help improve the way we work.
— Reclaim.ai (@reclaimai) August 20, 2024
Reclaim.ai previously only supported Google Calendar integration, but has announced that it plans to introduce support for Outlook soon.
Productivity companies are looking to integrate calendaring and scheduling tools into their solutions: Earlier this year, Tiger Global and a16z-backed productivity platform ClickUp announced plans to acquire calendar startup Hypercal to roll out scheduling features, while Notion in January announced a new calendar product based on its 2022 acquisition of Cron.
Dropbox released its second-quarter 2024 financial results earlier this month, reporting that revenue grew 1.9% year over year to $634.5 million and that the number of paid users increased to 18.22 million from 18.04 million last year.