Dropbox has recently acquired Reclaim.ai, an AI-powered scheduling tool that has received backing from Calendly and Index Ventures. The announcement was made in a blog post on Reclaim.ai’s website this Tuesday. The specifics of the deal have not been disclosed by Dropbox.
Founded in 2019 by Henry Shapiro and Patrick Lightbody, Reclaim.ai has confirmed that it will continue developing its product under Dropbox ownership while ensuring ongoing support for all its users. According to a blog post, the tool is currently utilized by over 43,000 companies and more than 320,000 individuals globally.
Having secured over $9.5 million in funding from investors such as Calendly, Character.vc, and Index Ventures, Reclaim.ai focused on utilizing AI to assist users in managing their time efficiently, finding suitable meeting slots, establishing personal habits, and incorporating breaks into their schedules. In addition to integrating with Google Calendar, the tool enables users to create various scheduling features, including booking links and automatic scheduling for optimal times for all participants. It faced competition from other scheduling tools like Calendly, Clockwise, and Doodle.
Reclaim.ai offered a basic free tier for individual users and subscription plans for small teams starting at $8 per person per month, with no immediate changes to the pricing structure planned. The complete team of 22 employees at Reclaim.ai will be joining Dropbox, as mentioned in a video posted by the founders.
In a shared post, Reclaim.ai expressed its alignment with Dropbox’s mission of designing a more enlightened way of working and exploring AI’s potential to enhance work processes. The company also announced plans to introduce Outlook support in addition to the existing Google Calendar integration.
The integration of calendar management and scheduling tools into productivity solutions has become a trend among productivity companies. Earlier this year, ClickUp, backed by Tiger Global and a16z, acquired calendar startup Hypercal to offer scheduling features. Meanwhile, Notion introduced a new calendar product based on Cron, which it acquired in 2022.
In their Q2 2024 results released earlier this month, Dropbox reported a revenue of $634.5 million, a 1.9% increase year on year, and a user base of 18.22 million paying users, up from 18.04 million last year.
