AGI接口 . AI卷起的财富风暴。 以下文章来源于AGI接口 ，作者SnowyM 一家公司因AI估值腰斩，靠 AI转型试图逆袭的故事 出品｜虎嗅科技组 作者｜SnowyM 编辑｜陈伊凡 头图｜AI生成 "AI 原生 100" 是虎嗅科技组推出针对 AI 原生创新栏目，这是本系列的第「 24 」篇文章。 在硅谷的叙事中，很少有公司的资本故事像Airtable一样，如此完美地封装了不同时代的狂热与冷静。 它曾是"无代码"运动的宠儿，是风险资本家眼中重新定义生产力的未来。在其巅峰时刻，它不仅是一家公 司，更是一个价值117亿美元科技独角兽的象征。 然而，AI的到来让资本市场的潮汐转向，这比任何人预想的都要迅猛和残酷，Airtable的百亿美元估值神话 直接被腰斩，成为了被AI影响最大的公司之一。 这场资本市场的"压力测试"迫使Airtable进行一场壮士断腕式的AI转型，让一位创始人决心"重塑"自己亲手 打造的公司，做一场"第二次创业"的豪赌。 "在AI原生时代，原先许多公司引以为傲的核心资产正在被AI击穿。"虎嗅在与许多业内人士沟通中，都表 达了同样的观点。投资人也发现，AI转型对于这些原先在另一场科技浪潮中获 ...

Core Insights - Airtable's capital story encapsulates the fervor and calm of different eras, transitioning from a "no-code" darling to facing significant challenges due to the rise of AI [1][3] - The company, once valued at $11.7 billion, has seen its valuation halved as it struggles to adapt to the AI-driven market [2][3] - Airtable's transformation into an AI-native platform is a gamble led by its founder, aiming to redefine its core offerings in the face of competition and market pressures [3][12] Funding and Valuation Journey - Since its founding in 2013, Airtable has raised a total of $1.4 billion across seven funding rounds [5] - The company reached a peak valuation of $11.7 billion in December 2021 after a $735 million Series F funding round [7] - Following a downturn in tech stocks, Airtable's valuation was adjusted to approximately $4 billion to $5 billion by Q1 2025, reflecting a decline of over 60% from its peak [8] AI Transformation Strategy - Airtable's core asset, its structured relational database, positions it well for an AI transformation, contrasting with competitors that prioritize document-first approaches [13] - The company aims to integrate AI deeply into existing workflows rather than treating it as a standalone feature, with a vision to become essential in the "vibe coding" era [15][12] - The transformation includes a series of product launches, starting with AI Field in September 2023, allowing users to embed generative AI capabilities directly into data tables [16] Product Development Phases - The first phase of the AI transformation involved exploratory product releases, leading to the introduction of the AI-driven no-code application generator, Cobuilder, in 2024 [16] - In April 2025, Airtable Assistant was launched, enabling users to build and modify applications through natural language interactions [17] - The major evolution occurred on June 24, 2025, when Airtable rebranded itself as an "AI-native platform," making AI a default experience for new users [18] Organizational Changes - To support its AI transformation, Airtable restructured its engineering, product, and design teams into "fast-thinking" and "slow-thinking" units, focusing on rapid iteration and long-term stability [19][20] - The founder, Howie Liu, has taken on a hands-on role as an "IC CEO," directly engaging in product development and fostering a culture of experimentation with AI tools among all employees [26][27] Market Competition and Challenges - Airtable faces intense competition from established players like Microsoft and emerging companies such as Notion, monday.com, and Smartsheet, all of which are integrating AI into their offerings [32][33] - Despite positive feedback from new users regarding AI features, long-term users have expressed dissatisfaction, citing issues with reliability and performance, indicating a challenging transition period [28][31] - The outcome of Airtable's transformation will not only determine its future but also serve as a reference for the broader SaaS industry in adapting to the AI era [33]