WordPress VIP, the premium version of the popular content management system, has just secured a massive funding round that values the company at a staggering $3 billion.
This funding brings the total valuation of WordPress VIP to a significant milestone, marking a major achievement for the company and its investors.
The funding will be used to further develop and expand the capabilities of WordPress VIP, making it an even more attractive option for large enterprises and organizations.
With this new funding, WordPress VIP is poised to take its position as a leading player in the digital experience platform market.
For more insights, see: Azure Funding
WordPress Funding
Automattic, the parent company of WordPress.com, has raised $300 million in funding from Salesforce Ventures at a $3 billion post-money valuation.
This significant investment is a vote of confidence in Automattic's business and the future of the open web. Automattic CEO Matt Mullenweg sees the potential for WordPress to get similar market share as Android, which now has an estimated 85% of all handsets.
Recommended read: Automattic Ceo
The funding will be used to fuel the growth of the company and allow it to scale its businesses and continue its investment in the growing WordPress ecosystem.
WordPress is now powering more than 34% of all sites on the web, and Automattic is a major contributor to the platform. The company's trajectory is fully intertwined with the growth of WordPress.
In the past five years, WordPress has grown from supporting 22% of the world's top 10 million websites to 34%. This growth can be largely attributed to the expansion of the WordPress platform, not only in terms of the number of publishers using the CMS, but also in terms of the features that the WordPress CMS provides.
Here are some key facts about the funding:
- Automattic has raised $300 million in a Series D round of funding from Salesforce Ventures at a $3 billion post-money valuation.
- Automattic will use the funding to fuel the growth of the company and scale its businesses.
- WordPress is now powering more than 34% of all sites on the web.
$3B Valuation
Automattic, the parent company of WordPress.com, Jetpack, WooCommerce, and WordPress VIP, has reached a $3 billion post-money valuation after raising $300 million in a Series D round of funding from Salesforce Ventures.
This significant investment is a testament to the company's growth and success in the open web space. Automattic is now a major contributor to the open source publishing platform WordPress, which powers more than 34% of all sites on the web.
The funding will be used to fuel the growth of the company and allow it to scale its businesses and continue its investment in the growing WordPress ecosystem. Automattic CEO Matt Mullenweg pointed out that the investment will enable the company to accelerate its plans and make a bigger impact on the web.
Here are the key details of the funding round:
- Investor: Salesforce Ventures
- Amount: $300 million
- Post-money valuation: $3 billion
The partnership with Salesforce represents a significant vote of confidence in Automattic's business and the future of the open web. Automattic and Salesforce share a common goal of making the web a better place, and this partnership will help deepen their commitment to WordPress and the open web.
For more insights, see: Open Web Analytics
Featured Images: pexels.com
