Automattic, the company behind WordPress, is worth $1.16B in new $160M round

WordPress powers at least 19 percent of the Web. Now we can finally call its creator, Automattic, a billion-dollar company. Automattic is valued at $1.16 billion thanks to a new $160 million funding round today. This news follows reports last month that estimated Automattic was out to raise $100 million. Automattic runs WordPress.com, the commercial sibling of the open source WordPress.org CMS project (VentureBeat is a … Continue reading Automattic, the company behind WordPress, is worth $1.16B in new $160M round