Overview
- Bending Spoons has agreed to acquire Airtable in an all‑cash deal worth $1.28 billion, with both boards reported to have approved the transaction and a closing expected later this year subject to usual regulatory and closing conditions.
- The buyer says Airtable’s equity is worth about $2.25 billion when its cash balance is included, a figure that contrasts with the company’s 2021 private peak above $11 billion and earlier secondary‑market estimates near $4 billion.
- Airtable reported roughly $480 million in annual recurring revenue as of June 2026, a rise of more than 20% year over year, and the company says it serves over 500,000 organizations including about 80% of the Fortune 100.
- Bending Spoons built the deal around Airtable’s AI product work, including the Superagent orchestration line, and intends to apply its playbook of consolidating SaaS brands through product rationalization and operational changes.
- The move is Bending Spoons’ first acquisition since its July IPO and could speed Airtable’s AI development while likely triggering organizational changes as the buyer integrates the business and seeks faster profitability.