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, 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.
