Dropbox has acquired Reclaim.ai, an AI-powered scheduling tool supported by backers such as Calendly and Index Ventures. The acquisition was announced in a blog post on Reclaim.ai’s website, though Dropbox has not disclosed the deal’s financial details.
Founded in 2019 by Henry Shapiro and Patrick Lightbody, Reclaim.ai will continue to develop its product under Dropbox’s ownership, with ongoing support for its users. The tool is currently used by over 43,000 companies and more than 320,000 people worldwide. To date, Reclaim.ai had raised over $9.5 million from investors, including Character.vc, Flying Fish, Gradient Ventures, and other notable names.
Reclaim.ai’s AI-driven platform helps users manage their time more effectively, integrating with Google Calendar to offer features like booking links and automatic scheduling to optimize meeting times. Competing with tools like Calendly, Clockwise, and Doodle, Reclaim.ai offers a free tier for individual users and paid plans for small teams starting at $8 per person per month. The company has stated that its pricing will remain unchanged for now.
All 22 members of Reclaim.ai’s team are joining Dropbox. The founders expressed that joining Dropbox aligns with their shared mission to enhance the way people work. Reclaim.ai also announced plans to expand its integration capabilities to include Outlook in the near future.
This acquisition reflects a broader trend among productivity companies to incorporate scheduling tools into their offerings. Earlier this year, ClickUp acquired calendar startup Hypercal, and Notion introduced a new calendar product based on its acquisition of Cron. Dropbox recently reported its Q2 2024 revenue of $634.5 million, marking a 1.9% increase from the previous year, with its paying user base growing to 18.22 million.
