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Automattic

automattic.com

Founded Year

2005

Stage

Series E | Alive

Total Raised

$861.69M

Valuation

$0000 

Last Raised

$288M | 2 yrs ago

Revenue

$0000 

About Automattic

Automattic is a purveyor of blogging and site-building services. The company's WordPress provides an online publishing platform to a community of creators, bloggers, business owners, and community organizers. The company offers services such as domain purchase, web hosting, e-commerce website builder, dynamic website builder, email support, live chat support, google analytics integration, search engine optimization, shipping integration, file transfer protocol, logo maker, etc. Its plugin products include bbpress, BuddyPress, WooCommerce, Elementor Website Builder and Yoast SEO. WordPress was founded in 2003 and is based in San Francisco, California.

Headquarters Location

60 29th Street Suite 343

San Francisco, California, 94110,

United States

877-273-3049

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Research containing Automattic

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CB Insights Intelligence Analysts have mentioned Automattic in 4 CB Insights research briefs, most recently on Oct 13, 2022.

Expert Collections containing Automattic

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Automattic is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.

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Unicorns- Billion Dollar Startups

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Tech IPO Pipeline

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Latest Automattic News

11:56 ET WooCommerce and DePay Partner to Bring Web3 Payments to Online Merchants

Nov 21, 2022

News provided by Share this article Share this article ZUG, Switzerland, Nov. 21, 2022 /PRNewswire/ -- Swiss Web3 payment startup DePay  today announced that they are joining forces with the self-hostable, open-source eCommerce plugin WooCommerce, pushing decentralization further and providing merchants with the ability to have customers send payments directly to their own wallets with tens of thousands of accepted tokens on supported blockchains with on-the-fly conversion. Web3 Payments for WooCommerce - DePay Payments "DePay makes Web3 and crypto payments as straightforward as possible for merchants and their customers, without requiring a custodial approach," said David Lockie, Web3 Lead at Automattic. "We wanted to offer WooCommerce merchants a wide range of crypto payment providers, and were instantly impressed by DePay's flexibility across chains and coins, as well as their focus on a great user experience for all parties." "WooCommerce is the best way for merchants to run their shops without intermediaries. With the launch of DePay Payments for WooCommerce, this now also applies to payments. ", said Sebastian Pape, Founder of DePay. The mechanism of blockchain transactions is inherently peer-to-peer and decentralized. Nevertheless, most of today's established Crypto Payment solutions manage wallets for their customers, embedding a decentralized technology into centralized structures. As a result, the buyers pay intermediaries who credit the merchant's account after processing each payment. Merchants then need to request the withdrawal of their funds as opposed to receiving the payments directly into their wallet. Aiming for a paradigm shift, DePay establishes a new model by using decentralized finance (DeFi) to enable any-to-anything payment conversions managed by smart contracts, allowing merchants to receive all incoming payments in real-time. WooCommerce and its parent company Automattic are strong partners for DePay thanks to their mission to drive decentralization further. We share their goal of democratizing commerce by removing barriers to entry based on income, gender, and geography. The benefits for Woo merchants include: Instant Cashflow: Received payments are settled and available for the merchants in real-time. Automatic Conversion: Tokens are automatically converted (e.g. to stablecoins) as part of the payment transaction. Unmatched token acceptance: By using DeFi, DePay grows the amount of accepted tokens by a hundredfold. About DePay DePay pioneers Web3 Payments with the power of DeFi. Driving mass adoption of blockchain-based payments, DePay merges the core ideas of decentralization and interoperability with state-of-the-art Web3 technologies. SOURCE DePay AG

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Automattic Frequently Asked Questions (FAQ)

  • When was Automattic founded?

    Automattic was founded in 2005.

  • Where is Automattic's headquarters?

    Automattic's headquarters is located at 60 29th Street, San Francisco.

  • What is Automattic's latest funding round?

    Automattic's latest funding round is Series E.

  • How much did Automattic raise?

    Automattic raised a total of $861.69M.

  • Who are the investors of Automattic?

    Investors of Automattic include True Ventures, ICONIQ Capital, Aglae Ventures, Schonfeld Strategic Advisors, BlackRock and 19 more.

  • Who are Automattic's competitors?

    Competitors of Automattic include Craft Docs, Strapi, Medium, iLife Technologies, Contentful and 14 more.

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