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MAY 05, 2014 - Mashable

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WordPress.com Creator Automattic Raises $160 Million

Automattic, the company behind WordPress.com, confirmed Monday that it has raised $160 million at a more than $1 billion valuation. The large Series C funding round was led by Insight Ventures with participation from investors Chris Sacca, Tiger Global Management and othersRe/code, which was first to break the funding news, reports that the round values Automattic at $1.16 billion. See also: Coming to a Couch Near You: A New Wave of Telecommuting Matt Mullenweg, who took over as CEO of Automattic at the beginning of this year, noted in a blog post that he initially didn't think the company ... Read More

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