Nov 28, 2024

WEBWIRE – Thursday, November 28, 2024 Last year, we launched Dropbox Ventures , a $50 million initiative to invest in startups that are building the next generation of AI-powered apps and tools. Since then, we’ve invested in several companies, including Augie , LlamaIndex , Bardeen and LightBeam , that are reshaping modern work. We’ve also expanded our partnerships with our portfolio companies by introducing integrations to benefit both sets of customers. Today, we’re excited to highlight three new investments in Highnote , JustPaid , and Lakera . New investments in Highnote, JustPaid, and Lakera Our first investment is in Highnote, an audio collaboration tool that provides a dedicated space for creators and musicians to collaborate and give feedback in the post-creation audio process. The tool helps streamline and simplify the entire audio workflow process from the initial demo creation to final distribution. Millions of creatives and artists trust Dropbox to do their best work, which is why we also introduced an integration with Highnote that allows users to sync their files directly from Dropbox, creating a seamless audio layer on top of their existing storage file system. Dropbox and Highnote creatives alike can stay in sync across their accounts while making progress on their music. We’re also investing in JustPaid, a financial platform that gives businesses the ability to manage their entire sales and invoicing workflow from contract signing to payment collection. JustPaid’s AI-powered technology makes it easy for businesses to handle invoicing, financial reporting, and more. We recently introduced an integration with Dropbox Sign and JustPaid, allowing users to streamline their document signing process and automate invoicing—all within a few clicks. Finally, we’re excited to partner with Lakera, a GenAI security platform that helps companies block prompt attacks, data loss, and inappropriate content with its low-latency AI application firewall. In addition to our investment, Dropbox uses Lakera Guard as our security solution to help safeguard our LLM-powered applications, secure and protect user data, and—as outlined in our AI principles —uphold the reliability and trustworthiness of our intelligent features. Deepening our strategic partnerships beyond investments Dropbox Ventures is more than just a funding program—it’s a strategic partnership. We work closely with our portfolio companies, providing mentorship and potential exposure to over 700 million registered Dropbox users who can benefit from their product. We also recently expanded our partnership with Augie through an integration with Dropbox Replay. Replay is now a part of Augie’s video creation studio, setting a new standard for video production workflows. This integration helps creators streamline their workflows, improve collaboration, and execute projects in less time. Over a year in, we’re excited about the progress we’ve made in building our Dropbox Ventures portfolio. We look forward to supporting innovative AI initiatives that shape the future of work in 2025 and beyond. To learn more about Dropbox Ventures or if you’d like to get in touch, visit dropbox.com/ventures . ( Press Release Image: https://photos.webwire.com/prmedia/7/330398/330398-1.jpg )