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Automattic, the San Francisco-based company that is responsible for the WordPress web-publishing and blog-hosting platform — and the associated open-source community — is raising a round of venture capital that could value the company at $1 billion or more, according to a report in Fortune magazine. The financing is said to be in the $100-million to $150-million range. WordPress recently acquired Longreads, a content-sharing community, and has said it wants to get more into content recommendation. Web-publishing competitor Squarespace just closed a financing round of its own that was worth $40 million.

Disclosure: Automattic is backed by True Ventures, a venture capital firm that is an investor in the parent company of Gigaom.

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  1. Wow , Just starting to get into the WP World and things are looking bright.
    Good to know the company is planning a future for years to come.

  2. Thanks Gigaom for the great news.

  3. I’m completely new to WordPress as of this past year. It’s a remarkable technology and can see it much bigger some day. The possibilities are seemingly endless.

    1. Here’s a website I’m working (in progress) on and using WordPress. It’s my first site to build and knew nothing. This shows you how much value WP is worth.
      http://southwestfactors.com

  4. Commvestor Sunday, May 4, 2014

    Once you understand wordpress and all of its capabilities, it’s the best way to go for setting up an online presence.

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