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Automattic, the company behind WordPress.com and other Web publishing tools, has raised $160 million from investors, including Insight Venture Partners, CEO Matt Mullenweg confirmed.
The round values the nine-year-old company at $1.16 billion, after the investment, which is its first since it raised $12 million in 2008.
According to a blog post by Mullenweg, the round was led by Insight Venture Partners, as well as other new investors Chris Sacca and Endurance. In addition, longtime backer True Ventures has created a “special vehicle” to increase its investment and existing secondary investors, Tiger Global Management and Iconiq, also participated.Automattic, WordPress Developer, Raises $160 Million [recode.net]