Dropbox Ventures
1800 Owens St Ste 200, San Francisco, CA, 94158-2533, United States
Overview
Dropbox Ventures is a corporate VC arm of Dropbox that seeks to invest in early-stage of AI startups.
- Total investments
- 12
- Lead investments
- 1
- Investments · 12mo
- 2
- Active investors
- 0
Investment portfolio
- TextQL
Participated · Equity · Apr 2026
TextQL builds agentic analytics software that lets enterprises query messy, fragmented data environments without requiring large-scale migrations, operating across on-prem systems and cloud data warehouses while respecting existing permissions. The company has focused engineering efforts on reinventing role-based access control across heterogeneous systems and creating runtime concepts to scale to complex Fortune 50 data ecosystems. Since its most recent financing, TextQL reports 9x year-over-year revenue growth and has booked consecutive six-figure contracts for six weeks running. Deployments include Blackstone, Scale, Dropbox, and a growing list of G2000 enterprises. The company positions itself as the interface between executives and enterprise data and plans to use the funding to further develop its agentic analytics capabilities and scale deployments.
- Momentic
Participated · Series A · Nov 2025
Momentic builds AI-driven tools that automate software testing and verification, allowing developers to describe critical user flows in natural language and receive fully generated tests. The platform targets pain points associated with traditional frameworks like Playwright and Selenium by emphasizing simplicity and speed. Momentic’s product is already used by 2,600 users at companies such as Notion, Xero, Bilt, Webflow and Retool, and it executed more than 200 million automated test steps in the past month. The startup recently added support for mobile environments and plans to expand into more sophisticated test-case management after hiring additional engineers. Co-founders Wei-Wei Wu and Jeff An draw on prior developer-tooling experience at Qualtrics and WeWork. While revenue figures were not disclosed, reported growth convinced investors to increase their backing. Momentic believes the proliferation of AI-generated code will drive demand for scalable, automated testing solutions that its platform aims to provide.
- Halcyon
Participated · Series C · Nov 2024
Halcyon is a cybersecurity company built to defeat ransomware through a platform combining prevention and resilience. The product uses AI/ML models trained on ransomware samples and a proprietary Key Capture feature that lets affected organizations recover in minutes without paying ransoms. Its DXP capability stops ransomware data exfiltration and provides early warning of network infiltration. Halcyon is backed by an industry-leading ransomware warranty and reports that zero customers have experienced significant disruptions, data exfiltration, restorative backups, ransom payments, or warranty claims. The company plans to use new funding to accelerate growth and strengthen its position as a leading anti-ransomware platform provider. The company is based in Austin, Texas. Halcyon offers a dedicated anti-ransomware platform designed from day one to defeat ransomware and minimize business disruption. The platform layers AI/ML models trained solely on ransomware with bypass and evasion protection, key material capture, automated decryption, and exfiltration/extortion prevention. Halcyon positions its tooling to prevent ransomware payloads from triggering and to enable instantaneous recovery of hijacked data. The company announced a strategic investment from Cisco Investments to accelerate product development and scale adoption. Halcyon has raised over $90M to date. Global 2000 companies rely on the platform to fill endpoint protection gaps and deliver ransomware resilience with minimal business impact. Halcyon offers an autonomous anti-ransomware platform with features including anti-tamper protections, anti-data exfiltration software and "key material capture." The company says it leverages trained AI models to disrupt ransomware attacks and in some cases decrypt affected devices, and emphasizes continuous, autonomous updates to detection and prevention logic. Halcyon reports over 100 enterprise-level brand customers in addition to state-level school districts. The startup had a roughly 75-person workforce at the time of reporting and plans to double headcount by the end of 2024. Financially, Halcyon raised $44M in a Series A in April and has now closed a $40M Series B tranche, bringing total capital raised to $84M. Leadership includes co-founders Jon Miller and Ryan Smith, who previously worked at firms later acquired by BlackBerry (Cylance) and Optiv (Accuvant). Halcyon describes itself as the world’s first cyber resilience platform built from day one to defeat ransomware and extortion campaigns. Its product uses a multi-tiered approach including pre-execution AI/ML prevention, exploitation of ransomware features to disrupt attacks, advanced behavior detections to amplify EPP/EDR/XDR efficacy, and automated endpoint and network resiliency with host isolation and automated key capture/decryption. The platform aims to undo attacks in minutes, reduce recovery time from days to minutes, and eliminate the need to pay ransoms. Global 2000 companies are cited as relying on Halcyon to augment existing XDR/EDR platforms. The company says the new capital will accelerate development and adoption of the Halcyon cyber resilience platform and scale its mission to make ransomware unprofitable. Leadership quoted in the announcement includes CEO and Co‑Founder Jon Miller.
- Highnote
Participated · Equity · Oct 2024
Highnote provides a streamlined workflow that enables creators to collaborate on audio from demo to distribution, make comments, exchange ideas, and organize notes on any audio file. The platform centralizes communication, reduces rounds of revisions, and aims to scale to projects of any size. Highnote recently launched a Dropbox integration allowing users to open audio files from Dropbox directly in Highnote for lossless playback, review, and notes, with a full 2-way integration planned for November. The company plans to use new funding to expand its development efforts and explore AI-powered features. Targeted AI initiatives include comment summarization, tone analysis, and creative recommendations integrated into editing software to improve creators' workflows. Jordan Bradley is CEO and co-founder. Highnote launched publicly as a collaboration platform for musicians, podcasters and other creators to upload audio into private "Spaces" and add time-specific written and voice notes, polls and version management. The product combines audio playback with interactive, time-aligned annotation cards so comments flow over the track as it plays. Creators invite collaborators to a Space to chat, manage versions, and share private links with fans, producers, engineers and A&R. The platform is free, requires no download, is available on any device, and has been in beta for a year with a few dozen users on its waitlist. Highnote plans to introduce a SaaS subscription model and a "Highnote for Teams" product for larger studios and record labels. Financially, the company closed a $1.7 million pre-seed round to support building and scaling the product.
- Bardeen
Participated · Equity · Aug 2024
Bardeen offers a natural-language interface and agent platform that automates repetitive knowledge work for non-technical employees. The platform runs as a context-aware browser extension that performs a planning step to create repeatable automation workflows and continually learns from usage. It integrates with about 100 tools, including Microsoft 365, CRMs and sales platforms, and supports actions like extracting calendar events, creating PDFs, gathering web research and sending emails. Bardeen positions itself as an automation tool for the average person inside a business rather than an IT-focused product. The company says it has more than 300,000 users and over 1,000 paying customers, including Deel, Miro, Kearney, WPP and 10Web. Technically, Bardeen uses Gemini to translate questions and OpenAI GPT models for specific automation tasks. Bardeen provides a browser-extension platform that lets end users build, customize and share workflow automations across common SaaS tools. The system processes and stores data on the edge (inside the user’s browser), which the company positions as a privacy-preserving differentiator versus cloud-first rivals. Bardeen supports integrations with Slack, Zoom, Google Sheets, Airtable, Notion and ClickUp and offers AI features such as Smart Suggestions, OCR and text-to-speech modules. Users can pick from prebuilt automations, modify them, or create custom workflows for tasks like web scraping and spreadsheet updates. Since public launch in February, the platform has grown to more than 25,000 users and the company currently has an 11-person team. Leadership declined to share revenue, saying the company is focused on expansion and plans to hire on the engineering, AI and growth sides over the next year. Bardeen.ai provides a proactive workflow automation platform that enables knowledge workers to automate repetitive tasks and control web apps from anywhere. Its platform automates tasks such as copying information into spreadsheets, scraping data from the web, finding email addresses, and reminding meeting participants. The company has just exited stealth and announced broad availability of its platform. Bardeen.ai is led by CEO Pascal Weinberger and CTO Artem Harutyunyan and is based in San Francisco, CA. It raised $3.5M in seed funding and intends to use the proceeds to accelerate growth and expand operations, team, and product. The round was led by 468 Capital and FirstMark Capital.
Team
No current team members are available.