Automattic Cash: $29.5M
January 23, 2008
Matt reports that Automattic has raised $29.5M, and indicates that the money isn’t just for WordPress.
Automattic is now positioned to execute on our vision of a better web not just in blogging, but expanding our investment in anti-spam, identity, wikis, forums, and more — small, open source pieces, loosely joined with the same approach and philosophy that has brought us this far.
News about this funding started to come out a couple of months ago. It’s not clear to me how much of the money will go to the founders.
Other coverage includes:
- The NY Times, which is one of the investors in this new round.
- CEO Toni: “we are also entering a partnership with the Times to expand their existing WordPress blogging infrastructure and to create new ways of connecting WordPress bloggers with the New York Times and its readers.”
- Om Malik, in what I think is his longest post since his recent “little medical episode.”
January 23, 2008 at 3:29 am
I wonder when users will be able to put ad’s on their page and earn money for themselves?
January 24, 2008 at 5:45 pm
When Automattic have worked out how to do it.
January 24, 2008 at 6:10 pm
I’m surprised that it hasn’t happened yet. The Google AdSense API seems tailor made for WordPress.com. See:
http://code.google.com/apis/adsense/
Automattic might be worried about the bloggers who get a lot of traffic, but choose not to run ads, thus sharing $0 with Automattic.