Dropbox has bought the AI-powered schedule app Reclaim.ai. Calendly and Index Ventures have backed the app. The news was posted on Reclaim.ai’s website in a blog post on Tuesday. The terms of the deal have not been made public by Dropbox.
Henry Shapiro and Patrick Lightbody started Reclaim.ai in 2019. The company said it hopes to keep working on its product with the new owner. The company also said it would keep helping all of its users. The blog post says that the tool is used by over 43,000 businesses and over 320,000 people around the world.
As of now, investors such as Calendly, Character.vc, Flying Fish, Gradient Ventures, Index Ventures, Operator Partners, Yummy Ventures, and former GitHub CTO and CEO Raj Dutt had given the company more than $9.5 million from their firms.
It was mostly about how AI could help people better organise their time and find times for jobs, meetings, making new habits, and breaks. It has a product that works with Google Calendar and lets users make different organising tools, such as booking links and the ability to automatically book times that work best for everyone. It was up against Calendly, Clockwise, and Doodle, which are also schedule tools.
Reclaim.ai had a basic free plan for individuals and plans for small teams that began at $8 per person per month. The business said that its prices will not change for now.
In a video on X, the owners of Reclaim.ai said that the whole 22-person team is joining Dropbox.
“The goal of Dropbox is to “design a more informed way of working.” This is a goal we’ve had since the start of Reclaim in 2019. “Together, we can support that mission, help millions of people make time for what’s important, and look into new ways AI can help make our work better,” Reclaim.ai wrote in the post.
The goal of Dropbox is to “design a more enlightened way of working.” This is a goal we’ve had since the start of Reclaim in 2019. We can help that goal, give people more time to do the things that matter, and look into new ways AI can make our work better by working together.
Up until now, Reclaim.ai has only allowed integration with Google Calendar. However, the company said it would soon add support for Outlook as well.
More and more, companies that make productivity tools are trying to add calendar control and scheduling tools to their products. ClickUp, a productivity tool backed by Tiger Global and a16z, bought calendar startup Hypercal earlier this year with plans to add scheduling features. While in January, Notion released a new calendar product that was built on Cron, a company it bought in 2022.
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Dropbox announced its Q2 2024 numbers earlier this month. The company made $634.5 million in sales, which is 1.9% more than the same time last year, and had 18.22 million paying users, up from 18.04 million.
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