WordPress parent Automattic rumored to be raising funding at $1 billion valuation

Posted Apr 15, 2014

San Francisco based company Automattic is raising venture capital that could value the company at $1 billion or more. Automattic is known for being the parent company of WordPress, an open-source web publishing and blog platform platform. According to Fortune, the funding round is believed to be running at between $100 million and $150 million.