• Airtable, a leading no-code platform to build applications using spreadsheets, has acquired a smaller no-code data visualization platform, Bayes, for an undisclosed sum. This marks Airtable’s first acquisition since its inception in 2013.  

• Bayes’s four employees have joined Airtable, and the former’s product will be shut down in the coming months. Airtable will incorporate Bayes’s functionality, and thereby offer more insights, data visualizations, and reporting features to its users. This includes allowing customers to create custom interfaces.      

• Airtable’s co-founder, Howie Liu, claimed that the company was not actively looking for targets, and instead was attracted by Bayes’s product fit with Airtable. He further noted that Airtable now feels it is large enough to pursue acquisitions (given its workforce is north of 500 employees), but lacked the scale to pursue them in the past. 

<ul><li> Analyst Quicktake: The acquisition comes five months after Airtable raised USD 270 million in Series E funding , at a valuation of USD 5.77 billion. Given Liu’s belief that the small scale prevented acquisitions in the past, it is likely that the new funding together with its substantial valuation supported Airtable’s decision to pursue this acquisition.</ul>