Filed under: Business, Podcasting, Blogging, Open Source

The company behind the popular WordPress blogging platform and WordPress.com, Automattic, has received a huge influx of cash from investors. The company has drawn $29.5 million in financing from four companies, including the New York Times Company. After last weeks’ news of MySQL being acquired by Sun Microsystems, it appears if you have a great idea and a good business structure, open source is a viable business model.

Matt Mullenweg, the man behind Automattic, has stated the company will use the money to build infrastructure, expand product offerings such as Gravatar and spam protection service Akismet, and offer new hosted solutions.

Looking at some of the new traffic metrics, WordPress.com will need to strengthen it’s infrastructure. According to GigaOm, In the last 30 days Quantcast reports that Wordpress.com attracted 42 million unique U.S. page views, 114 million global uniques, and 492 million page views overall. WordPress.com is a very attractive option for individuals and organizations who want a blog but don’t want to stress about the necessary infrastructure required.

Continue reading Wordpress.com gets influx of VC money, launches video publishing tool

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This entry was posted on Wednesday, January 23rd, 2008 at 4:15 pm and is filed under Business News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.