News snapshots · 2019-09-19

Automattic snags $300 mln – Quick wrap


Automattic, the company behind WordPress.com has raised US $300 million in a series D round of funding from Salesforce’s venture capital (VC) arm Salesforce Ventures, reports VentureBeat.

This is Automattic’s first outside investment since its $160 million series C round back in 2014, which valued the company at $1.16 billion. Off the back of its latest investment, Automattic said it now has a valuation of $3 billion.

Via: VB

Image Credit: WordPress


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