- Re/code, Tuesday, May 6, 2014 11:22 AM
WordPress parent Automattic just raised $160 million at a valuation of $1.16 billion. The round -- the first since 2008 -- was led by Insight Venture Partners, along with Chris Sacca and Endurance.
Among other efforts, the company will use the fresh capital to increase marketing spend, Matt Mullenweg, Automattic’s CEO, tells Re/Code. The company will now begin “leaning in
aggressively to take advantage of opportunity, which we all believe is a big one,” Mullenweg said.
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