The company has grown to more than 950 employees and made strategic acquisitions, including WooCommerce in 2015 and Tumblr (closing in 2019).
CEO Matt Mulleneweg said the funds will enable the company to speed up and scale its product development, as well as continue the company’s continual contributions to WordPress:
”For Automattic, the funding will allow us to accelerate our roadmap (perhaps by double) and scale up our existing products—including WordPress.com, WordPress VIP, WooCommerce, Jetpack, and (in a few days when it closes) Tumblr. It will also allow us to increase investing our time and energy into the future of the open source WordPress and Gutenberg.”
Mullenweg declined to share any information about Jetpack and WooCommerce’s revenue today but confirmed that they have not yet eclipsed WordPress.com.
“What I can say is that WP.com is still our biggest business, and WooCommerce was our fastest growing last year,” he said.
Automattic’s most recent round of funding will help the company better monetize these products that have grown in tandem with WordPress’ market share, which W3Techs puts at 34.5% of the top 10 million websites. Independent stores sitting on top of this large chunk of the web represent a significant market that Automattic is currently dominating in the WordPress space.
Salesforce.com, Inc. (usually abbreviated as SF or SFDC for Salesforce dot com) is an American cloud-based software company headquartered in San Francisco, California. Though the bulk of its revenue comes from its customer-relationship management (CRM) service, Salesforce also sells a complementary suite of enterprise applications focused on customer service, marketing automation, analytics and application development.
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