Bending Spoons Buys Airtable for $1.285 Billion as AI Coding Tools Crush Demand
Updated
Updated · InfoWorld · Aug 7
Bending Spoons Buys Airtable for $1.285 Billion as AI Coding Tools Crush Demand
3 articles · Updated · InfoWorld · Aug 7
Summary
$1.285 billion marks Bending Spoons' purchase of Airtable, bringing the low/no-code database company into a software portfolio that already includes Evernote, WeTransfer, Brightcove, Vimeo and AOL.
AI coding tools undercut Airtable's core pitch to non-technical workers by offering more flexible ways to build business applications, leaving the company under financial pressure.
Airtable's sale price is far below its $11.7 billion peak valuation, underscoring how sharply sentiment has turned on parts of the SaaS market facing AI disruption.
Bending Spoons has built its strategy around buying struggling software brands, cutting costs and pushing marketing to restore profitability; CEO Luca Ferrari said it will keep investing in Airtable's workflow platform.