Automattic, the company behind WordPress.com, may be raising a new $100 million round of funding, Fortune reports.
If true, Automattic could be valued at over $1 billion following the round. Such a valuation reinforces past reports, including estimations from Tiger Global’s $50 million investment in Automattic last year.
The sources behind this story are thin — Fortune only shares that it was tipped off by “multiple sources familiar with the situation.” Separately, Automattic refused to provide VentureBeat with a comment on the round.
Given the absurdly large influence WordPress (and its money-making sibling WordPress.com) has on the Internet — it now powers 22% of all sites globally — Automattic’s current valuation is conservative for Silicon Valley.
WordPress is a free and open source blogging tool and a content management system (CMS) based on PHP and MySQL. It has many features including a plug-in architecture and a template system. WordPress is used by over 16.7% of Alexa Inter... read more »
Automattic is the company behind WordPress.com and WordPress.com VIP, the cloud version of WordPress. Automattic hosts and supports all WordPress.com sites ensuring that there is continuous and strategic development of the software ava... read more »
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