"The company that investors valued at $11.7 billion during the zero-interest-rate fervor of 2021 now trades on secondary markets at roughly $4 billion. But Airtable has raised $1.4 billion total, and Liu says the company still has half of that in the bank while "throwing off cash." The valuation collapse affected investor returns and employee stock options, but didn't undermine the business itself."
"To understand what makes this move especially interesting, consider what Airtable is: a no-code platform that democratizes app-building. It's essentially a supercharged database that lets anyone create custom software tailored to their workflows. The company now employs more than 700 people and serves over 500,000 organizations, including 80% of the Fortune 100. This isn't a struggling startup but instead a mature business betting its future on a new architecture."
Airtable's valuation fell from $11.7 billion in 2021 to roughly $4 billion on secondary markets, yet the company has raised $1.4 billion and retains about half of that in the bank while generating cash. The company employs over 700 people and serves more than 500,000 organizations, including 80% of the Fortune 100. Airtable's platform is a no-code, supercharged database enabling custom software creation for workflows. The company launched Superagent, its first standalone product in 13 years, built around multi-agent coordination that orchestrates specialist agents in parallel to handle complex tasks and research.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]