Spurning purchase offers, Automattic raises round and partners with NYT
Automattic, the company that owns the popular Wordpress blogging software platform, has raised $29.5 million from existing investors and a new partner, the New York Times. Some companies had offered to buy it, founder Matt Mullenweg writes.
The San Francisco company started out as an open source code project at WordPress.org, which provided software that anyone could download and then host on their own server (what VentureBeat currently uses). More recently, it also began offering free… Continue Reading