WordPress publisher that it has closed a new $300 million Series D, with taking the entire round. 1 The financing puts the 14-year-old company at a post-round valuation of $3 billion, it said. That鈥檚 three times its valuation after its last raise in 2014 (a $160 million led by ).
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In a blog today, CEO and Founder described the investment as 鈥渁 tremendous vote of confidence for Automattic and for the open web.鈥� Mullenweg wrote that he met Salesforce founder earlier this year and that it 鈥渂ecame obvious鈥� to both men that Salesforce and Automattic 鈥渟hared a lot of principles and philosophies.鈥�
鈥淗e also helped open my eyes to the incredible traction WordPress has seen in the enterprise market, and how much potential there still is there,鈥� Mullenweg wrote.
He said Automattic will use the new capital to accelerate its roadmap (鈥減erhaps by double鈥�) and scale up its existing products 鈥� including , , , , and (in a few days when it closes) .
鈥淚t will also allow us to increase investing our time and energy into the future of the open source and ,鈥� Mullenweg added.
Automattic currently has more than 950 employees working from 71 countries, and has had no central office for several years now.
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