Dropbox Ventures: Investing in the next wave of AI tools for work
Published on January 30, 2026
We started Dropbox Ventures to support companies that are reimagining how work gets done—helping teams move faster, collaborate more effectively, and focus on what matters most. Today, we’re excited to share new investments that reflect our belief in AI’s ability to streamline complex workflows, along with updates from portfolio companies that have reached meaningful milestones.
New investments
Last summer, we announced investments in five startups working to push the boundaries of what’s possible across design, security, language models, and enterprise AI. Here are the latest additions to our portfolio.
Spellbook: Transforming how lawyers review and negotiate contracts
Spellbook is a generative AI assistant built specifically for transactional lawyers who draft, negotiate, and review business contracts. Integrated directly into Microsoft Word, Spellbook brings advanced drafting, review, and analysis tools into existing workflows, reducing friction when working on high-stakes documents. With its reference of extensive legal data, Spellbook enables instant clause suggestions, redlining, and compliance checks against firm-specific precedents and market standards—helping legal teams move faster without sacrificing quality. As active users ourselves, the Dropbox legal team has experienced Spellbook’s intuitive design and efficient contract analysis firsthand. We’re excited to partner with a team that shares our belief in using AI to drive real impact at work.
Momentic: AI-native automation for software testing
Momentic is the AI-native test automation platform that helps engineering teams validate web and mobile applications. By reducing the need for manual test creation and maintenance, Momentic enables teams to ship more frequently while maintaining product reliability as development velocity increases. Used by modern software teams to automatically verify real user flows, Momentic is becoming increasingly critical as organizations scale in the age of AI.
Kaya: Bringing predictability to construction supply chains
Kaya is an AI-powered operating system for mission-critical construction projects, unifying procurement, logistics, and asset lifecycle workflows into a single predictive platform. Construction teams often rely on fragmented tools like emails and spreadsheets to manage high-stakes supply chains, where delays can cost tens or hundreds of thousands of dollars per day. Kaya centralizes these workflows and uses AI to help automate coordination, surface risk, and support proactive decision-making. We’re excited to partner with Kaya as they bring AI-native workflows to one of the world’s largest and least digitized industries.
Portfolio updates
Lakera: Acquired by Check Point
Lakera has been acquired by Check Point, marking a significant milestone in enterprise AI security. Lakera has helped organizations—including Dropbox—protect against emerging AI-driven threats and safely adopt large language models. As part of Check Point, Lakera’s technology will help deliver end-to-end AI security at enterprise scale—underscoring the growing importance of securing AI systems as they become embedded in everyday work.
AugX Labs: Acquired by JWX
AugX Labs, a Dropbox Ventures portfolio company, has been acquired by JWX, a technology platform supporting modern media businesses. AugX Labs built Augie Studio, an AI-assisted creative platform that helps teams transform existing content into multi-format experiences more efficiently. As part of JWX, Augie’s technology will be integrated into JWX Studio, helping publishers unlock more value from their content while streamlining production workflows.
Bardeen: Launched WIQ
Bardeen, a Dropbox Ventures portfolio company, has launched WIQ, a workflow intelligence platform designed to help enterprises make more disciplined, data-driven decisions as they embed AI agents across their operations. By creating a factual baseline of how work actually happens across tools and systems, WIQ helps organizations identify where AI will have the greatest impact and measure results as they scale from pilots to production.
Looking ahead
These investments and milestones reflect the kind of innovation we’re proud to support at Dropbox Ventures. From legal drafting and software testing to construction and AI security, our portfolio companies are applying AI in practical ways to solve real-world problems. We’re excited to continue partnering with founders who are building tools that help teams work smarter today and shape the future of work.
To learn more about Dropbox Ventures or connect with our team, visit dropbox.com/ventures
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