WordPress parent company invests £3.7m in Matrix app

ondon-based New Vector, developers of the decentralised Matrix communication protocol, has welcomed US-based Automattic as a strategic investor.

Automattic, the parent company of web publishing and ecommerce platforms WordPress.com, WooCommerce, Jetpack, and enterprise WordPress VIP, is investing $4.6m (£3.7m) in New Vector, extending $8.5m raised in Q4 2019 from Notion Capital, firstminute capital and Dawn Capital.

The latest round takes New Vector’s funding to a total of $18.1m. Automattic Inc. New Vector develops Riot, the Matrix-based messaging app, and Modular, the Matrix-based…

More Info

About mblog.my

Check Also

WordPress Security Updates (Complete Guide)

Wondering how to implement security updates on your WordPress website safely? Security updates are extremely …