Dropbox acquires Index Ventures-backed AI scheduling tool Reclaim.ai

Dropbox has acquired AI-powered scheduling tool Reclaim.ai, which counts Calendly and Index Ventures among its backers. The development was revealed in a blog post on Reclaim.ai’s website Tuesday. Dropbox hasn’t disclosed the terms of the deal.

Reclaim.ai, which was founded in 2019 by Henry Shapiro and Patrick Lightbody, said the company plans to continue developing its product under the new owner. It also said it’s committed to ongoing support for all users. More than 43,000 companies and over 320,000 people use the tool worldwide, per the blog post.

The startup had raised more than $9.5 million in funding from investors to date, 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.

It focused on using AI to help users better manage their time and find slots for meetings, tasks, building personal habits and taking breaks. Its product, which integrates with Google Calendar, also lets users create different scheduling features, like booking links and the ability to automatically book times on schedule that would be optimal for all participants. It competed with other scheduling tools such as Calendly, Clockwise, and Doodle.

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

In a video posted on X, the Reclaim.ai’s founders said its entire team of 22 people is joining Dropbox.

“The Dropbox mission is to ‘design a more enlightened way of working’ — a goal we’ve shared since Reclaim began in 2019. By joining forces, we get to support that mission and help millions make time for what matters, as well as explore new ways AI can help improve the way we work,” Reclaim.ai also wrote in the post.

Reclaim.ai has supported only Google Calendar integration until now but it said it plans to introduce support for Outlook soon.

Productivity companies have increasingly aimed to integrate calendar management and scheduling tools with their solutions. Earlier this year, Tiger Global and a16z-backed productivity platform ClickUp acquired calendar startup Hypercal, with plans to roll out scheduling features. In January, Notion introduced its new calendar product, based on Cron, which it acquired back in 2022.

Earlier this month, Dropbox released its Q2 2024 results, reporting $634.5 million in revenue, up 1.9% year on year, and 18.22 million paying users, up from 18.04 million last year.