Airtable joins Evernote, Brightcove, WeTransfer and AOL in Bending Spoons portfolio

Bending Spoons has agreed to acquire Airtable for $1.285 billion, adding the low-code database company to its portfolio alongside AOL, Evernote, WeTransfer, Brightcove, and Vimeo. The deal comes as Airtable, once valued at $11.7 billion, faces financial difficulties due to competition from AI coding tools. Bending Spoons CEO Luca Ferrari said the company is committed to investing in Airtable for the long run and expanding its core strengths.

Bending Spoons has snapped up Airtable to add to its portfolio of software companies, alongside AOL, Evernote, WeTransfer, Brightcove and Vimeo Airtable made its name as a builder of low/no code database services https://www.infoworld.com/article/2334351/airtable-review-flexible-low-code-no-code-in-the-cloud.html , aimed particularly at non-technical staff, but is now one of many vendors facing financial difficulties in the face of the SaaS/AIpocalypse https://www.cio.com/article/4192242/agentic-ai-puts-234b-in-enterprise-saas-spending-at-risk-gartner-says.html . The arrival of AI coding tools, which offer non-technical employees more flexible ways to build business applications, has hit demand for its services. Bending Spoons bought Airtable in a deal it valued at just $1.285 billion https://investors.bendingspoons.com/newsroom/bending-spoons-agrees-to-acquire-airtable , a far cry from the $11.7 billion https://www.bloomberg.com/news/articles/2026-08-04/bending-spoons-to-buy-software-firm-airtable-for-2-3-billion Airtable was worth at its peak. Bending Spoons has built its portfolio by buying once-successful companies like Airtable that have struggled to cope with newer, nimbler competitors or failed to adapt to emerging technologies. Bending Spoons takes these companies, cuts costs and markets them aggressively https://www.forbes.com/sites/shivaramrajgopal/2026/07/06/bending-spoons-paid-33-billion-for-aol-vimeo-and-eventbrite-its-pro-forma-2025-profit-was-just-22-million/ with the goal of returning them to profitability. “Airtable is a pioneering brand reshaping how teams organize data and manage critical workflows. We’re committed to investing in Airtable for the long run, and doubling down on its core strength: bringing teams and workflows together in one flexible workspace. We plan to expand what can be done across the full spectrum of work and make Airtable even more valuable to customers at every scale,” said Luca Ferrari, Bending Spoons CEO and co-founder.