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May 5, 2014 08:57 pm GMT

Automattic Raises $160M To Catch Up With The Webs Evolution

8469030267_67c855d78a_oAutomattic, the company behind WordPress.com and the open-source WordPress platform, today announced that it has raised a $160 million Series C round from Insight Ventures, True Ventures, Chris Sacca, Endurance, Tiger and Iconiq. That’s a massive funding round for WordPress, especially given that it hasn’t taken funding since 2008 and at that time had “only” raised $12… Read More

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