airtable

On October 12, Alessandro Savarese, the product head of the collaboration platform Airtable, stated that he joined Bending Spoons after completing the acquisition in early September and is responsible for product development. The team has communicated with customers, builders, account administrators, and partners to identify priorities for the remainder of 2026 and most of 2027. The vision is to place teams, data, workflows, and agents on the same platform, with investment directions including continuous improvement of the core product, enabling AI to collaborate with humans, and strengthening centralized control at the account level.Organizationally, Airtable will part ways with a significant portion of the pre-acquisition team, with relevant personnel leaving by the end of that week and receiving severance compensation. The article states that this does not reflect the quality of their work. Bending Spoons has sent in experienced engineers, product managers, and designers. For customers, the packages, pricing, and service content remain unchanged, and the customer-facing organization is unaffected. Bending Spoons S.p.A. has the NASDAQ ticker BSP and has completed the previously announced acquisition, with Airtable being used by over 500,000 organizations.In terms of products, the Speedy Squad has released over 30 improvements in the past three weeks, including increasing automation limits, automating the addition and deletion of record actions, and more granular editing permissions on list pages; this group will be merged into the Core team led by long-time employee Akshar Patel.

According to Bloomberg, Italian app developer Bending Spoons SpA has agreed to acquire American software company Airtable for a total equity value of $2.25 billion, which will be completed as an all-cash transaction. After deducting Airtable's net cash of approximately $965 million, the enterprise value is about $1.29 billion. This price represents a significant reduction of about 80% from Airtable's valuation of $11.7 billion in 2021, serving as another example of the valuation correction in the software industry.Airtable was founded in 2013 and provides tools that allow non-technical employees to build customized applications. At the end of 2021, it raised $735 million at a valuation of $11.7 billion but failed to go public as planned "within a few years." Like many software companies, it has struggled to maintain stable growth amid the impact of generative AI tools such as ChatGPT and Claude Code. As of June 2026, Airtable's annual recurring revenue is approximately $480 million. This is Bending Spoons' first acquisition since its Nasdaq listing on July 1, and after the transaction is completed, Airtable will gain resources to advance the construction of its AI-native platform, but its operational model is similar to private equity, which typically involves layoffs and restructuring of acquired companies.