Bending spoons scores a new blow in the artificial intelligence sector and acquires Miro, the digital platform that allows teams and companies to work together, develop ideas and carry out projects also through AI tools.
The Italian company led by CEO and co-founder Luca Ferrari has signed an agreementfinal agreement to take over 100% of the platform with an entirely in cash of $1,355 billion. Considering net cash, the equity value rises to approximately $1,79 billion. Certain shareholders will also reinvest $295 million of the proceeds from the sale in new Bending Spoons shares.
The acquisition was approved unanimously from the boards of directors of the two companies. closing is expected in fourth quarter of the 2026, after the necessary regulatory authorizations and the occurrence of the customary conditions provided for by the agreement.
Miro, over 100 million users and $600 million in revenue
Founded 15 years ago, Miro has grown to become a platform used by over 100 million users and 250 thousand customersThe business model is now strongly oriented towards businesses: annual recurring revenue has reached approximately $600 million, nearly 90% of which comes from business and enterprise customers. It has nearly 4 million paying users, while over 750 customers generate more than $100 in annual recurring revenue.
“It is a privilege, and a significant responsibility, to welcome a product that over 250 thousand organizations have integrated into their work processes,” he said. Classic Ferrari for saleBending Spoons, he added, intends to invest significantly in the development of Miro, focusing in particular on performance, reliability, and tools for collaborative work.
For Miro, the move marks a new phase following a growth built on the evolution of digital work tools. "We founded Miro fifteen years ago to offer teams a unique space to think together and bring ideas to life," explained the co-founder and CEO. Andrey Khusid, underlining how the platform has now become an increasingly AI-centric workspace.
Bending Spoons, after Airtable, a new investment in artificial intelligence
The acquisition of Miro is Bending Spoons' second major transaction after the Nasdaq listing and arrives a few days after Airtable acquisition completedThe Italian company has built its growth through the acquisition and development of digital companies, with the aim of maintaining and growing them over the long term. Among the companies that have joined the group are: Vimeo, WeTransfer, Evernote, Eventbrite e brightcove.
With Miro, Bending Spoons strengthens its presence in the artificial intelligence market and expands its portfolio with a platform already adopted by companies and professionals. The focus now is on supporting its development and investing further in the product.
Miro, the advisors of the operation with Bending Spoons
Latham & Watkins was legal counsel to Bending Spoons, while Ernst & Young and EY Advisory They provided financial and tax due diligence services respectively. McDermott Will & Schulte Law Firm acted as Italian tax advisor to Bending Spoons. BNP Paribas and JP Morgan were the co-financial advisors.
Miro had Goodwin Procter as legal advisor and Morgan Stanley as an exclusive financial advisor.
