INSUBCONTINENT EXCLUSIVE:
Automattic, the company behind WordPress.com, WooCommerce and soon Tumblr, has closed a $300 million funding round at a $3 billion
The Series D round has a single investor, Salesforce Ventures.Funding rounds are something special for Automattic
It closed a $160 million Series C round back in 2014 and raised little money before that.Automattic and the WordPress open-source project
Many people are familiar with WordPress, the most popular content management system on the planet
The company contributes to the open-source project and also runs some of the most popular services on top of that project, such as
WordPress.com and the Jetpack plugin, WordPress.com VIP (which TechCrunch uses) and WooCommerce.This freemium business model with an
open-source philosophy at its core has been working well for the company
In 2014, Automattic had between 200 and 300 employees
Android, which I believe now has 85% of all handsets
founder and CEO Matt Mullenweg told me.While WordPress started as an open-source blogging platform, it has evolved into a highly
customizable content management system
You can use it to show a portfolio, build a restaurant website, run an e-commerce company or even distribute news articles to millions of
YouTube or Medium, Automattic is at odds with many of the dominant trends
engagement and time spent, the company wants to empower content creators with great tools
tying to solve is likely multigenerational
It can take the rest of our lives and we need to pass it on to the generation that comes after to continue to work on it
