Automattic Inc. is operating the WordPress blogging system who is likely to be talk with Insight Venture Partners by increasing $150 million fundraising, some sources shared.
Automattic is a San Francisco based company who has raised over $150 million from investors including Tiger Global Management LLC and Iconiq Capital that have valued near about $1 billion.
The company was started in 2005 and the CEO Matt Mullengweg is running the company in a good manner. The company has an impressive portfolio of diferent web products along with WordPress services.
Automattic is a primary WordPress community with several premium tools and features used by world famous websites including US and UK magazines.
An Automattic representative dropped to remark, fortune informed last month that Automattic is looking for to raise more than $100 million.