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Tech

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

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…

computerworld.com ·

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

Bending Spoons has acquired Airtable as part of its growing portfolio of software companies, which also includes AOL, Evernote, WeTransfer, Brightcove, and Vimeo. Airtable is renowned for creating low/no code database services, primarily targeting non-technical employees. However, the rise of AI coding tools has negatively impacted demand for Airtable's services.

Bending Spoons purchased Airtable for $1.285 billion, significantly lower than the technology company's peak valuation of $11.7 billion. The portfolio developer targets once-prosperous businesses that have failed to adapt to new technologies or have been overshadowed by more agile competitors. Bending Spoons aims to streamline their operations, market them effectively, and eventually return them to profitability.

Luca Ferrari, Bending Spoons CEO and co-founder, expressed the company's commitment to long-term investment in Airtable, emphasizing the platform's core strength in unifying teams and workflows in a flexible workspace. The article first appeared on InfoWorld.

Written by urgent.news from Computerworld's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.

Read the original at computerworld.com →

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Three checks in our codebase that could not fail

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ATProto for Distributed Systems Engineers: How Bluesky's Protocol Reimagines Social Infrastructure

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