Wordpress News
Lance on Jan 23 2008 at 11:52 am | Filed under: Blogs, Lance's Page, Technology
Automattic, the company behind WordPress.com, just secured a $29.5 million B round of financing. Congrats to Matt, Toni, and everyone else at Automattic. $29.5 million is a monster round, considering that Automattic has so far grown by sipping daintily on a $1.2 million first round secured in 2006. I can’t wait to see what is next. Really interesting to me is that with this round the New York Times joins their investors. One word for that: adaptation. The line between old media and new media blurs further.
I think this bodes well for the further development of our blogging platform. Wordpress.com is not Wordpress, but a site which uses Wordpress to host hundreds of thousands of blogs. However, as prime developers of Wordpress oriented technology they will help drive this bus forward.
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Wow. That’s a HUGE B round. Especially considering the initial round.