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Dropbox Ventures: Investing in the next wave of AI tools for work

What happened
Based on Dropbox Blog · Jan 30, 2026

Dropbox Ventures announced new AI-focused investments and portfolio updates, including Spellbook for legal contract review, Momentic for automated software testing, and Kaya for construction supply chain management.

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Dropbox Ventures: Investing in the next wave of AI tools for work
Dropbox Blog — Dropbox
Key points
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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.
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Today, the company is excited to share new investments that reflect its belief in AI’s ability to streamline complex workflows, along with updates from portfolio companies that have reached meaningful milestones.
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Last summer, we details investments in five startups working to push the boundaries of what’s possible across design, security, language models, and enterprise AI.
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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.

Dropbox Ventures introduced investments in AI-driven startups aimed at transforming workplace efficiency. The fund supports companies reimagining workflows across industries, emphasizing practical applications of artificial intelligence. Recent additions include Spellbook, which integrates generative AI into Microsoft Word to assist lawyers with contract drafting and compliance checks. The tool leverages legal data to streamline high-stakes document review while maintaining accuracy.

Momentic, another portfolio addition, offers AI-native automation for software testing, reducing manual effort in validating web and mobile applications. The platform enables engineering teams to accelerate release cycles without compromising reliability. As development speeds increase with AI adoption, tools like Momentic help maintain product quality at scale. The company’s technology is already used by modern software teams to verify real user workflows automatically.

Kaya provides an AI-powered operating system for construction projects, consolidating procurement, logistics, and asset management into a single predictive platform. Construction teams often rely on fragmented tools, where delays can result in significant financial losses. Kaya centralizes these workflows, using AI to automate coordination, identify risks, and support proactive decision-making. The platform targets one of the world’s largest yet least digitized industries.

Dropbox Ventures also highlighted portfolio milestones, including Lakera’s acquisition by Check Point for enterprise AI security and AugX Labs’ integration into JWX Studio for content transformation. Additionally, Bardeen launched WIQ, a workflow intelligence platform to help enterprises measure the impact of AI agents. These developments underscore the fund’s focus on AI solutions that address real-world operational challenges across diverse sectors.

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