Raanan Bar-Cohen

Automattic news

Posted in WordPress, automattic, news by Raanan Bar-Cohen on January 22, 2008

Some very exciting news tonight – we announced a $29.5M series B round of funding.

Our CEO Toni Schneider summarizes it well:

Late last year we sat down to figure out how we’d like to expand our business in 2008 and beyond. Since things are working well, we didn’t want to make any major changes. However, we did set a couple of new goals. One was to put enough money in the bank to have financial security for years to come. Another was to invest more aggressively into our “other” products and services (other than WordPress) like Akismet, Gravatar, and bbPress. Today’s financing will help us achieve both of those goals.

Lots of coverage including: wsj , GigaOM, new york times, ReadWriteWeb, toni, and matt (sporting his new ma.tt domain !).

You can also track the discussion over on techmeme.

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  1. Rick Klau said, on January 22, 2008 at 11:51 pm

    Congrats, buddy. Really excited for you!

    Reply
  2. raanan bar-cohen said, on January 23, 2008 at 12:39 am

    thanks Rick !

    Reply
  3. Lou Paglia said, on January 23, 2008 at 8:06 am

    Know we just IM’d but thought I would drop you some public blogosphere congratulations to you, Toni, Matt and the entire WordPress team. Great stuff, well-deserved and look forward to the continued enhancements that we’ll see in the future.

    Reply
  4. Rama Sadasivan said, on January 23, 2008 at 9:07 pm

    Raanan, congrats to you and the WP team! Nice quote in WSJ :)

    Reply
  5. raanan bar-cohen said, on January 23, 2008 at 10:14 pm

    thanks Lou & Rama.

    Much appreciated !

    p.s. you both should add a http://gravatar.com :)

    Reply
  6. Congrats to Wordpress and Raanan! | correlate said, on January 24, 2008 at 8:59 am

    [...] and the opportunity Ranaan has to continue to build out their media services arm.  Ranaan posted recently about the financing and also has links to the coverage.Finally what is also encouraging [...]

    Reply

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