tech
Bending Spoons to buy Airtable for $1.28B
At its peak in 2021, Airtable was valued at over $11 billion, but earlier this year, its shares were said to be trading on the secondary markets at a valuation of $4 billion.
TL;DR
- Bending Spoons to acquire Airtable for $1.28 billion in cash.
- Airtable's valuation has fallen significantly from its peak of over $11 billion in 2021.
- Airtable's annual recurring revenue is projected to reach approximately $480 million by June 2026, with over 20% year-over-year growth.
- Airtable recently launched Superagent, an AI agent orchestration platform.
- Bending Spoons has a strategy of acquiring undervalued companies, optimizing them, and making them profitable.
- Bending Spoons has previously acquired brands like Evernote, WeTransfer, EventBrite, and Vimeo.