Story thread · 3 reports / 3 sources

Airtable joins Evernote, Brightcove, WeTransfer and AOL in Bending Spoons portfolio

computerworld.com · 4dShare

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. Bending Spoons has built its portfolio by buying once-successful companies like Airtable that have struggled to cope with newer, nimbler competitors or failed to adapt to emerging technologies. Bending Spoons takes these companies, cuts costs and markets them aggressively with the goal of returning them to profitability. “Airtable is a pioneering b

First report: Airtable sale punctures SaaS bubble — semafor.com, 7d