Automattic is a web development corporation that is most notable for WordPress.com, as well as its contributions to WordPress.
Automattic develops publishing platforms, including the WordPress.com website and the VIP WordPress.com cloud version.
Automattic was founded in August 2005 by Matt Mullenweg and is based in San Francisco, California.
Automattic is the company behind WordPress.com and WordPress.com VIP, the cloud version of WordPress. Automattic hosts and supports all WordPress.com sites ensuring that there is continuous and strategic development of the software available to its users.
Automattic also supports WordPress.com VIP, a premium service designed for large-scale enterprises. WordPress.com VIP combines the benefits of WordPress.com and the ability to run custom code. In addition, WordPress.com VIP offers companies a robust CMS and 24/7 service.
Automattic is backed by top-tier investors including Salesforce Ventures, Insight Venture Partners, True Ventures, Tiger Global Management, Akkadian Ventures, and ICONIQ Capital among others. The company raised $300M from a "Series D" financing on Sep 19, 2019. The latest round brings Automattic's total funding to $617.3M to date.
Automattic, with the latest round on Sep 19, 2019, reached to a $3B valuation. The company was previously valued a $1.16B as of May 5, 2014, when they closed a "Series C" round of a $160M in funding.
Automattic has made over 15 acquisitions to date, most recently the company acquired Atavist, a “publishing and story-telling platform” for an undisclosed amount on Jun 21, 2018. Its most notable acquisitions are WordPress.com, Jetpack, WooCommerce and Tumblr.