Automattic has announced it closed a new $300 million Series D funding round. This development puts the company at a post-round valuation of $3 billion. That is three times Automattic’s value following its last fundraising round in 2014. 😮📈
Matt Mullenweg spoke to Romain Dillet at TechCrunch about this development and his vision for WordPress:
What we want to do is to become the operating system for the open web… The problem we’re trying to solve is likely multigenerational. It can take the rest of our lives, and we need to pass it on to the generation that comes after to continue to work on it.