Automattic Gets $3 Million at $3 Billion Valuation from Salesforce

Automattic just closed a Series D funding round of $3 million from one investor, Salesforce Ventures.

According to Automattic founder, Matt Mullenweg, this investment will allow the company to stay the course and honor the current roadmap.

For Automattic, the funding will allow us to accelerate our roadmap (perhaps by double) and scale up our existing products—including WordPress.comWordPress VIPWooCommerceJetpack, and (in a few days when it closes) Tumblr. It will also allow us to increase investing our time and energy into the future of the open source WordPress and Gutenberg.

More than anything, the funding is a huge endorsement of open source and the WordPress community. What once began as a blogging platform now powers over 35 percent of the web, including large enterprise and ecommerce sites.

This vote of confidence proves puts WordPress on the path to conquering the rest of the web, and shows the true power of the platform.

Emily Schiola

Emily Schiola is the Editor of Torque. She loves good beer, bad movies, and cats.

The post Automattic Gets $3 Million at $3 Billion Valuation from Salesforce appeared first on Torque.

Sharing is Awesome, Thank You! :)

Share this Blue 37 post with your friends