Bending Spoons Acquires Low-Code Platform Airtable for $1.28B in Cash
European tech conglomerate Bending Spoons makes its first public acquisition, buying Airtable at a total enterprise value of $2.25B following a reset from 2021 peak valuations.
Bending Spoons has agreed to acquire no-code database giant Airtable in a cash transaction valued at $1.28 billion. The acquisition marks the first major deal for Milan-based Bending Spoons since completing its initial public offering (IPO) last month.
The deal highlights the ongoing valuation recalibration across software-as-a-service (SaaS) companies following the 2021 tech market peak.
📊 Valuation Reset & Financial Metrics
Founded in 2013, Airtable raised more than $1.4 billion from top-tier venture firms. While the company reached an $11 billion peak valuation in 2021, the current acquisition reflects a pragmatic valuation reset aligned with public market multiples.
Key financial metrics of the transaction include:
- Cash Consideration: $1.28 billion paid by Bending Spoons.
- Total Enterprise Valuation: ~$2.25 billion (accounting for Airtable's net cash reserves).
- Annual Recurring Revenue (ARR): ~$480 million as of June 2026 (representing >20% YoY growth).
- Customer Scale: Over 500,000 active organizations, including 80% of Fortune 100 companies.
🔄 Acquisition Breakdown & Corporate Trajectory
+-----------------------+ $1.28B Cash Acquisition +-----------------------+
| | -----------------------------> | |
| Bending Spoons | | Airtable Database |
| (Post-IPO Buyer) | <----------------------------- | ($480M ARR / 500k Org)|
+-----------------------+ Enterprise Workflows +-----------+-----------+
|
| Product Integration
v
+-----------------------+
| Superagent AI Platform|
| Orchestration Engine |
+-----------------------+
🤖 The "Superagent" AI Push
Prior to the acquisition announcement, Airtable launched Superagent, an AI orchestration suite allowing enterprise teams to deploy autonomous AI agent workflows on top of relational database structures.
Bending Spoons CEO Luca Ferrari stated that joining forces will accelerate product development across Airtable's core database engine and its newly launched AI automation tools.
🔮 What's Next for SaaS Consolidation
Bending Spoons has established a distinct reputation for acquiring established digital platforms (such as Evernote, Meetup, and WeTransfer) and restructuring operations for sustainable profitability. With Airtable joining its portfolio, expect Bending Spoons to aggressively integrate AI copilots across its enterprise suite while streamlining operations.
🔗 Reference
- Original Article: Read the full story on TechCrunch
