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Bending Spoons is Buying Airtable

At its peak, Airtable was known as a SaaS company that was doing “everything right.” In 2021, it raised capital at a post-money valuation of $11.735 billion.

This morning the firm announced it had agreed to be acquired by Bending Spoons for an enterprise value of $1.285 billion.

What Airtable actually sells

Airtable is a relational database with a top hat. It makes that database as friendly and accessible as a spreadsheet. (This sounds simple, but is actually quite a hard product to pull off.) To upsell it beyond hobbyists, the company would bundle in the usual stuff like permissions, integrations, and internal application building.

Tools like Lovable, Replit, Claude Code, and ChatGPT can increasingly generate everything you need besides the database itself. For a small dataset, a company can use Notion or something inexpensive. If the application gets too big, your AI agent can connect you to Snowflake, Databricks, or a host of other options.