Wowzers. WordPress developer Automattic has announced a staggering $160 million funding round. Founder and WordPress creator Matt Mullenweg made the reveal in a blog post earlier today, adding that the Series C round was led by Deven Parekh of Insight Ventures. It also included other old and new investors too. For such a wildly popular blogging service and platform, perhaps the most remarkable facet of this news is that it represents the company’s first outside capital since its $29.5 million Series B round back in 2008 – and $18.5 million of that was immediately dished out to early shareholders in...
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