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Salesforce Ventures invests $300M in WordPress parent

Salesforce Ventures infused $300 million of series D funding into Automattic Inc., the parent entity of WordPress and related platforms WordPress VIP, WooCommerce and Jetpack.

With the investment, Salesforce Ventures will join the ranks of Automattic's existing investors Insight, Tiger Global Management LLC and True Ventures.

Automattic will use the new capital to grow its businesses and expand the WordPress ecosystem. The company recently agreed to acquire social networking website Tumblr Inc. from Verizon Communications Inc.

Salesforce Ventures is the venture capital arm of U.S. cloud software company Salesforce.com Inc.