Automattic, the parent company of popular blog-hosting and publishing platform WordPress, has raised a funding round of $160 million to help it develop better online and mobile tools for publishing, a round that values the company at over $1 billion
There have been rumors for some time now that Automattic, the company behind the WordPress blogging platform and open-source community, was looking to close a large round of funding that might value the company at $1 billion or more. On Monday, Automattic CEO and WordPress founder Matt Mullenweg confirmed that the company has done exactly that — raising a $160-million round led by Insight Venture Partners that values the company at close to $1.2 billion.
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