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Airtable joins Evernote, Brightcove, WeTransfer and AOL in Bending Spoons portfolio
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Bending Spoons has snapped up Airtable to add to its portfolio of software companies, alongside AOL, Evernote, WeTransfer, Brightcove and VimeoAirtable made its name as a builder of low/no code database services, aimed particularly at non-technical staff, but is now one of many vendors facing financial difficulties in the face of the SaaS/AIpocalypse.
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, a far cry from the $11.7 billion Airtable was worth at its peak.