Bending Spoons is acquiring Airtable in an all-cash deal valued at approximately $2.25 billion in equity, including Airtable’s net cash, according to saastr.com. The transaction, expected to close by the end of the year pending regulatory approval, values Airtable at a $1.285 billion enterprise value. Airtable reported around $480 million in annual recurring revenue (ARR) as of June 2026, growing over 20% year over year with roughly 90% gross margins.
Founded in 2012 by Howie Liu, Andrew Ofstad, and Emmett Nicholas, Airtable built a relational database with a spreadsheet interface that gained traction among over 500,000 organizations, including 80% of the Fortune 100. The company raised $1.4 billion in funding, peaking at an $11.7 billion valuation in 2021. After growth slowed and layoffs occurred in 2023, Airtable became cash-flow positive by late 2024. It then pivoted to AI, launching AI-native products like Omni and Field Agents in mid-2025, which helped sustain enterprise retention and growth.
The deal values Airtable at 2.7 times ARR, reflecting its strong position in the B2B SaaS market despite recent challenges. Airtable’s shift to AI-native offerings aligns with broader industry trends where software companies integrate AI to enhance product capabilities. The acquisition by Bending Spoons, a company known for mobile app development, signals continued consolidation and investment in SaaS platforms that combine usability with AI-driven features.
The acquisition is expected to close by the end of 2026, subject to regulatory approval, marking a significant milestone for Airtable after years of growth, restructuring, and strategic pivoting. Airtable’s reported $480 million ARR and over 500,000 organizational users underscore its market footprint at the time of the deal, according to saastr.com.