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Automattic Raises $160 Million, Valued at $1.16 Billion http://t.co/o5BWgJBKHy
— Hacker News Bot (@newsycombinator) May 5, 2014
Automattic, the company behind WordPress.com and other Web publishing tools, has raised $160 million from investors.
Including Insight Venture Partners, CEO Matt Mullenweg confirmed.
The round values the nine-year-old company at $1.16 billion. After the investment, which is its first since it raised $12 million in 2008.