In its first acquisition since going public last month, Bending Spoons on Tuesday said that it has agreed to buy spreadsheet and database startup Airtable for $1.28 billion in cash.
Founded in 2013, Airtable has so far raised over $1.4 billion over multiple funding rounds. At its peak, during the boom days of 2021, it was valued at over $11 billion, but earlier this year, its shares were said to be trading on the secondary markets at a valuation of $4 billion.
With its current net cash-and-cash-equivalents balance, Airtable is now valued at about $2.25 billion, Bending Spoons said.
“Airtable is a pioneering brand reshaping how teams organize data and manage critical workflows. The value being delivered is reflected in annual recurring revenue growing over 20% YoY to approximately $480 million as of June 2026, and joining forces with Bending Spoons will accelerate innovation even further,” Bending Spoons’ founder Luca Ferrrai said in a statement.
In January, Airtable unveiled a new product line under the Superagent moniker: an orchestration platform that can help users spin up a team of AI agents to do tasks. The company’s CEO, Howie Liu, said at the time that Airtable serves over 500,000 organizations, including 80% of the Fortune 100.
Bending Spoons, which went public at an $18 billion valuation in July, typically acquires companies that are trading at a decent discount to their private valuations, trims the staff, streamlines products, and tries to make them run profitably.
The company has so far acquired several notable brands, including Evernote, WeTransfer, EventBrite and Vimeo.