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Automattic raises $300 million at $3 billion valuation  ↦

This raise comes from Salesforce Ventures — and it’s another clear win for commercial open source and the future of the open web.

Funding rounds are something special for Automattic. While the company has been around for nearly 15 years, it hasn’t raised a ton of money. It closed a $160 million Series C round back in 2014 and raised little money before that.

Automattic and the WordPress open-source project have a shared history. 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.

Here’s an interesting quote from Matt Mullenweg (Founder and CEO of Automattic)…

What we want to do is to become the operating system for the open web. We want every website, whether it’s e-commerce or anything to be powered by WordPress. And by doing so, we’ll make sure that the web can go back to being more open, more integrated and more user-centric than it would be if proprietary platforms become dominant…


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