by Brian Solis


Source: The 449

Om Malik is reporting that Matt Mullenweg’s company Automattic has raised $29.5 million Series B funding. We were all reassured that Om is taking it easy and has not returned to full-time blogging so that he can make a full recovery sooner than later.

That doesn’t stop him from getting a huge scoop however.

Matt stopped by to see Om to talk about things and in doing so, intentionally or unintentionally shared that the company raised a round of funding led by TrueVentures. The round included a strategic investment from The New York Times Co, which is indicative of NYT’s commitment to exploring and building its Social Media foundation.

WordPress.com hosts 2.2 million blogs and is making a name for itself withing the old media publishing world as many media companies are looking limit the amount of infrastructure development, including CNN, Fortune and Fox.

According to Mullenweg, the money will expand the team’s engineering department to continually enhance the infrastructure and also to improve the company’s Askimet blog spam prevention service. Askimet saves us from thousands of lame spam comments each and every month.

As Om points out however, Automattic is reportedly close to breaking even…so, we’ll stay tuned to what Matt and company are up to.

In the meantime, best of luck to them. Om, keep getting better.

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About the Author:

Brian Solis

Brian Solis is principal at Altimeter Group, a research-based advisory firm. Solis is globally recognized as one of the most prominent thought leaders and published authors in new media. A digital analyst, sociologist, and futurist, Solis has studied and influenced the effects of emerging media on business, marketing, publishing, and culture. His current book, Engage, is regarded as the industry reference guide for businesses to build and measure success in the social web.

Visit Brian's page at http://www.briansolis.com

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