Automattic, the company behind WordPress.com, may be raising a new $100 million round of funding, Fortune reports.
If true, Automattic could be valued at over $1 billion following the round. Such a valuation reinforces past reports, including estimations from Tiger Global’s $50 million investment in Automattic last year.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1450092,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,","session":"C"}']The sources behind this story are thin — Fortune only shares that it was tipped off by “multiple sources familiar with the situation.” Separately, Automattic refused to provide VentureBeat with a comment on the round.
Given the absurdly large influence WordPress (and its money-making sibling WordPress.com) has on the Internet — it now powers 22% of all sites globally — Automattic’s current valuation is conservative for Silicon Valley.
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