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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.
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