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. W... All WordPress news »
We are a distributed company, democratizing publishing and development. We are the people behind WordPress.com, which serves more than 15.8 billion pages a month, as well as a host of other ... All Automattic news »