Bending Spoons to buy Airtable for $1.28B

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 .