WordPress Creator Automattic Seeks $1 Billion Valuation: Report — mashable.com

Automattic, which runs the popular blogging service WordPress, is in the market for a new round of funding that would value the company at more than $1 billion, according to Fortune. Automattic is reportedly seeking $100 to $150 million in funding, roughly six months after Tiger Global Management and Iconiq Capital bought out existing Automattic investor Polaris Capital for $75 million in September. The report from Fortune does not specify who Automattic would be raising from. A company spokesperson declined Mashable's request for comment.

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