Automattic, the company best-known for blog publishing software WordPress, has raked in $29.5 million in Series B funding. Originally reported on several blogs, the funding round was confirmed by Automattic founder Matt Mullenweg in his personal blog Tuesday evening.
The most notable of the investors is the New York Times Co., which joins existing Automattic investors Polaris Ventures, True Ventures, and Radar Ventures. According to a Wall Street Journal report, Automattic turned down an acquisition offer several months ago from a "larger Internet company." Mullenweg's only apparent reference to this in his blog post was his … Read more