Dropbox Buys AI Scheduling Tool Reclaim.ai

Dropbox has acquired the AI scheduling tool Reclaim.ai, backed by Calendly and Index Ventures, with terms undisclosed

Reclaim.ai, established in 2019 by Henry Shapiro and Patrick Lightbody, has announced that it intends to continue the development of its product under the new proprietor.

Additionally, it declared its dedication to providing continuous assistance to all users. According to the blog post, the utility is utilized by over 43,000 companies and 320,000 individuals worldwide.

The startup has received over $9.5 million in funding from various investors, including Calendly, Character—vc, Flying Fish, Gradient Ventures, Index Ventures, Operator Partners, and Yummy Ventures. Grafana CEO Raj Dutt and former GitHub CTO Jason Warner have also contributed to the funding.

It concentrated on using AI to assist users in more effectively managing their time, including identifying time slots for meetings and tasks, developing personal routines, and taking breaks.

Its product, which is compatible with Google Calendar, also enables users to establish various scheduling features, such as the capacity to automatically reserve times on a schedule most suitable for all participants and the provision of booking links.

It competed with other scheduling applications, including Doodle, Clockwise, and Calendly.

Reclaim.ai offered a fundamental free tier for individual users and plans for small teams that began at $8 per person per month. The organization acknowledged that it will not be altering its fees now.

The proprietors of Reclaim.ai announced in a video posted on X that the entire team of 22 individuals will be joining Dropbox.

“The Dropbox mission is to “design a more enlightened way of working,” a goal we have shared since Reclaim began in 2019.”

In the post, Reclaim.ai also stated that by collaborating, they can support the mission, assist millions in making time for what is essential, and investigate new ways in which AI can enhance how we work.

Until now, Reclaim.ai has only supported Google Calendar integration; however, it has announced that it will shortly add support for Outlook.

There has been a growing emphasis on integrating calendar management and scheduling tools into productivity companies’ solutions.

Hypercal, a calendar startup, was acquired by Tiger Global and a16z-backed productivity platform ClickUp earlier this year to implement scheduling features. Notion launched its new calendar product in January, built on Cron, which it acquired in 2022.

Dropbox’s Q2 2024 results were disclosed earlier this month, which indicated a 1.9% increase in revenue to $634.5 million and an increase in the number of paying users to 18.22 million, compared to 18.04 million in the previous year.