Bending Spoons Acquires Airtable for $2.25B Equity Value at 2.7x ARR

Bending Spoons is acquiring Airtable in an all-cash deal at a $1.285B enterprise value. With Airtable’s net cash, that equates to roughly $2.25B of equity value. The transaction is expected to close by year end, subject to regulatory approval.

Acquisition Terms and Buyer

Bending Spoons cited approximately $480M ARR as of June 2026 after a pre-signing reorganization that transferred assets and liabilities relating to the Hyperagent business line into a separate entity. The deal values the company at 2.7x ARR. According to SaaStr, the buyer is acquiring roughly 90% gross margins and a business that has been cash-flow positive since late 2024, generating over $100M annually.

Airtable Financial Trajectory

Airtable serves more than 500,000 organizations, including 80% of the Fortune 100. The company raised $1.4B total, including a December 2021 round of $735M at an $11.7B post-money valuation when ARR stood around $156M. Two rounds of layoffs removed 491 positions. Growth later decelerated to over 20% year over year on the $480M ARR base. According to SaaStr, the company held roughly half the capital it raised on the balance sheet and maintained strong enterprise retention.

AI Refounding and Product Changes

In June 2025 founder-CEO Howie Liu declared a refounding as an AI-native company and launched Omni and Field Agents. Airtable acquired DeepSky in October 2025 and hired David Azose, formerly head of engineering for ChatGPT business products at OpenAI, as CTO. It launched Superagent in January 2026, followed by Hyperagent. AI features were bundled into every plan, including free, and HyperDB scaled to 100 million rows with direct connections to Snowflake, Databricks and Salesforce. The pre-signing reorganization moved the Hyperagent business line out of the acquired entity. According to SaaStr, Hyperagent contributed roughly nothing to the reported $480M ARR figure.