Formagrid Inc. (Airtable) is an American multinational cloud software corporation and the pioneer of the low-code relational database and connected application platform headquartered in San Francisco, California. Founded in 2012 by Howie Liu, Andrew Ofstad, and Emmett Nicholas, Airtable is one of Silicon Valley's most iconic decacorns with an $11.0 billion USD valuation. Generating over $300 million in Annual Recurring Revenue (ARR) under Co-Founder and CEO Howie Liu, Airtable powers mission-critical operations for over 450,000 organizations worldwide, including Netflix, Red Bull, HBO, and Shopify.
Airtable operates a high-margin, tiered Software-as-a-Service (SaaS) subscription and enterprise seat licensing business model characterized by strong product-led growth (PLG) and high expansion net retention (>115% in enterprise accounts). Its commercial revenue engine spans four primary pillars: First, Enterprise Connected Apps Subscriptions (~64% of revenue), charging per-user, per-month enterprise contracts for large-scale relational record limits (up to 500,000 records per base), Enterprise Hub centralized governance, and single sign-on security. Second, Team & Business Tier Subscriptions (~24% of revenue), self-serve credit card subscriptions for growing mid-market departments utilizing Interface Designer, advanced Gantt/Timeline views, and complex automations. Third, Airtable AI Consumption & Add-Ons (~8% of revenue), monetizing usage credits for generative AI fields, automated document extraction, text summarization, and data categorization. Fourth, Professional Services & Solutions Architecture (~4% of revenue), delivering custom relational data modeling, enterprise migrations, and executive training.