Bending Spoons uses AI to target SaaS acquisitions

Bending Spoons, an Italian software firm, is leveraging artificial intelligence to identify and acquire digital businesses. CEO Luca Ferrari noted that AI has contributed to a decline in valuations for certain Software-as-a-Service (SaaS) companies, creating what the firm views as a strategic window for acquisition. The company targets businesses where traditional software models may become obsolete due to AI-driven competition.

Once acquired, Bending Spoons utilizes AI to overhaul operations and increase revenue per customer. The firm reportedly uses AI to write at least 90% of its code, design products, optimize monetization, and manage recruitment. Bending Spoons’ current portfolio includes well-known brands such as AOL, Vimeo, WeTransfer, and Evernote.

Following an initial public offering on the Nasdaq that raised approximately $953.9 million, the company identified over 1,000 potential acquisition targets with an estimated aggregate annual revenue of nearly $400 billion for 2025.