Portland-based startup Reclaim.ai, which leverages AI to assist companies in prioritizing tasks and coordinating schedules through a calendar app, has been acquired by file management giant Dropbox. With over 320,000 users from 43,000 companies, including PagerDuty, Zapier, and GitHub, Reclaim has gained significant traction since its inception in 2019. Co-founders Patrick Lightbody and Henry Shapiro, along with approximately 25 colleagues, will be joining Dropbox as part of the acquisition. The team highlighted the importance of the calendar as a crucial system for individuals, teams, and companies to understand work priorities and take action, emphasizing the potential for increased intelligence, automation, and humanity in enhancing its capabilities.
In a blog post announcing the acquisition, Reclaim discussed the shared vision with Dropbox CEO and co-founder Drew Houston for a calendar that facilitates the creation of a to-do list based on understanding priorities. With advancements in generative AI and similar tools, Reclaim aims to further automate its product to drive efficiencies and streamline workflows. The company envisions a future where users wake up to a prioritized schedule and seamlessly adjust tasks based on new information without the need for manual scheduling adjustments. This integrated approach ensures that every change in direction or shift in effort is linked back to the relevant project or priority, allowing for adaptive time management and effortless task coordination.
Despite the acquisition, Reclaim clarified that there are no immediate changes to its product pricing or customer support. The company had previously raised $9.5 million from investors such as Yummy Ventures, Character, Flying Fish, Operator Partners, and Grafana Labs CEO Raj Dutt. Competitors in the calendar time-management tools space include Clockwise, Calendly, and others. Lightbody, a seasoned entrepreneur who also created and sold two software testing companies, and Shapiro, a founding product manager at multiple startups, bring a wealth of experience to the team. The two had previously collaborated at New Relic, showcasing their strong working relationship and complementary skills.
Dropbox’s recent acquisitions further demonstrate its commitment to expanding its product portfolio and capabilities. In addition to the Reclaim.ai acquisition, Dropbox has acquired form management platform FormSwift for $95 million, as well as document sharing startup DocSend and universal search company Command E in previous years. The company’s fiscal second quarter revenue of $634.5 million, with a net income of $110.5 million, reflects its continued growth and investment in strategic acquisitions to drive innovation. With the integration of Reclaim’s AI-powered calendar functionality, Dropbox aims to enhance its productivity tools and provide users with more intelligent and automated task management solutions.
The acquisition of Reclaim by Dropbox signals the continued evolution of productivity and collaboration tools in the digital workplace. By leveraging AI and automation to streamline task prioritization and schedule coordination, companies can increase efficiency and focus on high-impact work. The seamless integration of Reclaim’s technology with Dropbox’s existing suite of products holds promise for enhancing user experiences and driving productivity gains. As the collaboration between Reclaim’s team and Dropbox progresses, we can expect to see further innovation in the productivity software space, empowering users to work smarter and achieve more in their day-to-day tasks.
