Low-code database service Airtable raises $270M Series E at a $5.77B valuation led by Greenoaks Capital, following $185M Series D at a $2.5B valuation last year
Howie Liu, the cofounder and CEO of cloud software start-up Airtable, has raised a $270 million Series E round at a valuation of $5.77 billion.
Context & Ripple Effects
Airtable's raise caps a steep two-year climb: a $52M Series B in 2018, then a $1.1B valuation round that November, then reported talks last spring to raise at least $50M at $2.5B-$4B before the valuation landed near the low end. Six months ago it closed its $185M Series D at $2.58B alongside the launch of Airtable Apps, and today's $270M Series E led by Greenoaks Capital more than doubles that post-money to $5.77B.
That cadence — two mega-rounds in roughly half a year, each stepping the valuation up sharply — makes Airtable one of the fastest-repricing productivity software companies in the coverage, with Howie Liu now holding a war chest sized well beyond what the spreadsheet-interface database business alone required.
First-order effects
- Airtable exits the round with $270M in new capital and a $5.77B valuation led by Greenoaks, giving Liu the resources to push past the core database product toward platform expansion like the JavaScript-based Airtable Apps launched with the Series D.
- Greenoaks takes a lead position in one of the most richly valued low-code companies, doubling down on the no-code development category rather than treating the Series D as the peak.
Second-order effects
- Rivals across the no-code and cloud-collaboration space now compete against an Airtable that can outspend them on product and enterprise go-to-market, pressuring peers to raise comparable rounds or cede the 'build custom apps without code' ground.
- A $5.77B private mark sets a reference price for the category: later-stage investors evaluating other low-code tools must either underwrite similar multiples or argue Airtable is an outlier.
Third-order effects
- The trajectory the corpus records — from drag-and-drop database to Apps platform, and later to text-prompt app generation via Cobuilder and parallel AI agents via Superagent as part of a self-described 'refounding' around AI — suggests this capital was the runway that let Airtable convert a spreadsheet-style tool into an AI-era application platform rather than remain a database utility.
- If repeated repricings of this scale become routine for low-code leaders, the category consolidates around a few heavily capitalized platforms, with smaller builders forced into niche workflows or acquisition.
The trend: No-code database platforms are compounding private valuations through back-to-back mega-rounds, converting workflow tools into AI application platforms ahead of any public-market check.