In a significant move within the tech industry, Bending Spoons has announced its acquisition of Airtable for $1.28 billion in cash. This marks the company’s first major purchase since its public debut last month.
Established in 2013, Airtable has been a prominent player in the collaborative workspace sector, offering a hybrid of spreadsheet and database functionalities. Over the years, the company secured over $1.4 billion through various funding rounds. At its zenith in 2021, Airtable was valued at over $11 billion. However, earlier this year, its valuation on secondary markets had declined to approximately $4 billion.
Despite this downturn, Airtable’s financial health remains robust. As of June 2026, the company reported an annual recurring revenue of around $480 million, reflecting a year-over-year growth exceeding 20%. The platform serves over 500,000 organizations, including 80% of the Fortune 100 companies. In January, Airtable expanded its offerings by introducing the Superagent product line, an orchestration platform designed to facilitate the deployment of AI agents for various tasks.
Bending Spoons, headquartered in Milan, has built a reputation for acquiring and revitalizing established tech brands. Their portfolio includes notable names such as Evernote, WeTransfer, Eventbrite, and Vimeo. The company’s strategy typically involves acquiring companies at valuations below their peak, implementing cost-cutting measures, streamlining product offerings, and steering them toward profitability. This approach has proven effective, as evidenced by Bending Spoons’ successful public offering last month, which valued the company at $18 billion.
The acquisition of Airtable aligns with Bending Spoons’ ongoing strategy of integrating and enhancing established tech platforms. By incorporating Airtable’s innovative solutions into its portfolio, Bending Spoons aims to further solidify its position in the tech industry. This move also underscores the company’s commitment to fostering innovation and delivering value to a diverse range of users.
As the tech landscape continues to evolve, Bending Spoons’ acquisition of Airtable highlights the dynamic nature of the industry. It will be interesting to observe how Bending Spoons leverages Airtable’s capabilities to drive growth and innovation in the collaborative workspace sector.
