Dropbox announces $50 mn AI-focused VC fund

Cloud storage giant Dropbox has announced two new AI-powered tools — Dropbox Dash and Dropbox AI — that will help users get more out of their content, and also launched a $50 million AI-focused venture initiative.
Dropbox storageDropbox Dash is an AI-powered universal search that will connect all users’ tools, content, and apps in a single search bar.

“With connectors to platforms like Google Workspace, Microsoft Outlook, Salesforce, and more, you can find everything in one place, fast. You can skip those time-consuming tasks like toggling between apps to share content, join a meeting, and find a deck your teammate shared,” Dropbox said in a blog post.

Dropbox Dash is currently available in English to select customers in beta.

With Dropbox AI, users will get quickly summarised content and answers.

It is applying AI to file previews, one of its most highly trafficked web surfaces with Dropbox AI and soon users will be able to use Dropbox AI on their folders or their entire Dropbox account.

Dropbox AI for file previews is currently in alpha and is available in the US to all Dropbox Pro customers and started rolling out to select Dropbox Teams to test.

The cloud storage giant launched Dropbox Ventures — a $50 million venture initiative to propel the next generation of startups who are transforming how we work through innovations in AI.

Portfolio companies will receive financial support and mentorship to build new AI-powered products that will shape the future of work.