Automattic Gets Paid Nearly 30 Million
So news has broken about Automattic getting $29.5 million in their â€œseries Bâ€ round of funding from a group including the New York Times.
Everyone has been asking me how I feel about this influx of cash into Automattic, and my response has been simply to smile.
With WordPress.com doing very well, and growing by leaps and bounds, I really see no reason why investors wouldnâ€™t want to take part in the Automattic brand.
This whole purchase really gets me asking many questions and wondering about the possible future for the company. WordPress.com has so much to offer, will Automattic open up some form of advertising model that users can use to monetize their blogs? Will Automattic acquire more services like they did with Gravatar? Will Automattic expand their hosted software offerings?
Matt Mullenweg has written on his blog:
Automattic is now positioned to execute on our vision of a better web not just in blogging, but expanding our investment in anti-spam, wikis, forums, and more â€” small, open source pieces, loosely joined with the same approach and philosophy that has brought us this far.
This nice piece of financing raises many questions that I am sure will be answered over time. One thing is for certain, with this influx of cash, Automattic has some breathing room, and can now take a few more risks. I wonder if they are hiring?