Italian software company Bending Spoons has acquired Airtable for $1.3 billion, marking a significant valuation decline from the no-code database platform’s $11 billion valuation in 2021. The acquisition reflects broader market pressures on high-growth software companies following the tech sector’s pullback in recent years. Bending Spoons, known for acquiring and operating software products, plans to integrate Airtable into its portfolio of applications.
Bending Spoons Is Buying Airtable for $1.3 Billion. It Was Valued at $11 Billion in 2021 – inc.com
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