By Josh Beckerman
Automattic Inc., the owner of WordPress.com, has reached a valuation of $3 billion after raising $300 million of Series D funding from Salesforce.com Inc.'s (CRM) Salesforce Ventures.
Automattic's investors include Insight Venture Partners, Tiger Global Management and True Ventures.
In August, Automattic said it would buy Tumblr from Verizon Communications, a deal expected to close in a few days.
Automattic Chief Executive Matt Mullenweg said in a blog post that "the funding will allow us to accelerate our roadmap (perhaps by double) and scale up" products including WordPress.com, WordPress VIP, WooCommerce and Jetpack.
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