Automattic Inc. is an American global distributed company which was founded in August 2005 and is most notable for WordPress.com (a freemium blogging service), as well as its contributions to WordPress (an open source blogging software). The company's name is a play on founder Matt Mullenweg's first name and automatic. Automattic raised US$846 million in six funding rounds. The last round of US$288 million was closed in February 2021. A subsequent private stock buyback valued the company at US$7.5 billion. The company had 1,930 employees as of March 2022. Its remote working culture was the topic of a participative journalism project by Scott Berkun, resulting in the 2013 book The Year Without Pants: WordPress.com and the Future of Work. CEO Matt Mullenweg allows company employees to work from wherever they want, whenever they want. History On January 11, 2006, it was announced that Toni Schneider would be leaving Yahoo! to become CEO of Automattic. He was previously CEO of Oddpost before it was acquired by Yahoo!, where he had continued as a senior executive. In April 2006 Automattic's Regulation D filing showed it had raised approximately $1.1 million in funding, which Mullenweg addressed in his blog. Investors were Polaris Ventures, True Ventures, Radar Partners. On 18 October 2007, Automattic acquired Gravatar. On September 23, 2008, Automattic announced acquiring IntenseDebate. Two months later, on November 15, 2008, Automattic acquired PollDaddy. On September 9, 2010, Automattic gave the WordPress trademark and control over bbPress and BuddyPress to the WordPress Foundation. On April 4, 2014, Automattic acquired Longreads. On May 19, 2015, Automattic announced the acquisition of WooThemes, including their flagship product WooCommerce. On November 21, 2016, Automattic, via a subsidiary company (Knock Knock, WHOIS There) managed the launch and later development of the .blog gTLD, becoming domain registrars. In 2017, Automattic announced that it would close its San Francisco office, which had served as an optional co-working space for its employees alongside similar spaces near Portland, Maine and in Cape Town, South Africa. On June 21, 2018, Automattic acquired Atavist and its magazine. On May 21, 2019, Automattic acquired Prospress, which provided a number of popular WooCommerce extensions and tools. On August 12, 2019, Automattic acquired Tumblr from Verizon Media. On August 16, 2019, Automattic acquired Zero BS CRM and rebranded it a year later to Jetpack CRM. On September 19, 2019, Automattic announced a Series D funding round of $300 million