Automattic raised US$617.3 million in six funding rounds. Learn more about buying or selling Automattic Stock >> NEWS. The company will have close to 1,200 employees when the Tumblr acquisition closes.Back in 2014, 22% of the world’s top 10 million websites used WordPress. Developer of an open source blogging platform designed to offer WordPress and WordPress Multi-User through the Automattic support network. Venturebeat. Automattic launches P2, a WordPress-powered collaboration tool for remote teams. In the last round, in September 2019, the company was valued at US$3 billion. It can take the rest of our lives and we need to pass it on to the generation that comes after to continue to work on it. Boost your productivity with these 9 hot deals for entrepreneurs. And definitely, you could imagine, given a lot of thoughts, how WordPress could complement their products,” he said.Automattic doesn’t want to change course. Mullenweg still believes that the open-source model creates some great network effects.Instead of optimizing Automattic’s services for engagement and time spent, the company wants to empower content creators with great tools. Mullenweg mentioned Ben Thompson’s “The problem we’re tying to solve is likely multigenerational. [])) Techcrunch . With the new influx of cash, there won’t be any big departure from the current lineup of products and services. 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