WordPress.com Parent Automattic Raises $160 Million, Valued at $1.16 Billion

Automattic, the company behind WordPress.com and other Web publishing tools, has raised $160 million from investors, including Insight Venture Partners, CEO Matt Mullenweg confirmed.

The round values the nine-year-old company at $1.16 billion, after the investment, which is its first since it raised $12 million in 2008.

According to a blog post by Mullenweg, the round was led by Insight Venture Partners, as well as other new investors Chris Sacca and Endurance. In addition, longtime backer True Ventures has created a “special vehicle” to increase its investment and existing secondary investors, Tiger Global Management and Iconiq, also participated.

WordPress software now powers 22 percent of the world’s top 10 million websites, according to W3Techs. (That includes this site — Re/code is a customer of the WordPress.com VIP service.)

Fortune had previously reported that the round was in the works, and it is now closed. A source said interest in the round was high, and Automattic could have taken as much as $220 million in funding. Coincidentally, $1.16 billion was about the same amount that Yahoo paid in cash for social blog site Tumblr last year.

Automattic had previously raised a secondary round from Tiger Global and Iconiq. Mullenweg, Automattic’s founder, recently took over the CEO role from his long-time business partner Toni Schneider.

In an interview, Mullenweg said that he is aiming to use the money for a number of things, including growing the business, expanding its small employee base of 240 and increasing marketing. While Automattic has been run as a break-even business, he noted that it would now begin “leaning in aggressively to take advantage of opportunity, which we all believe is a big one.”

“I believe the Web deserves a truly open platform and operating system to do the next generation of content-oriented business on,” he said. “I want WordPress to be the best publishing platform in the world, bar none, including the best interface, authoring environment and design tools.”

In his blog post, Mullenweg noted that it would take the funding to do so, including a focus on its mobile products, e-commerce tools and a new version of WordPress.com:

“It was also only a year ago I said ‘Automattic is healthy, generating cash, and already growing as fast as it can so there’s no need for the company to raise money directly — we’re not capital constrained.’ I was wrong, but I didn’t realize it until I took on the CEO role in January.”

As to what is next, Mullenweg said that he thought that a “long-form renaissance” was an interesting new trend. “We have to keep up the innovation,” he added. “It is a massive market we are aiming at.”

Original Page: http://recode.net/2014/05/05/wordpress-parent-automattic-has-raised-160-million-now-valued-at-1-16-billion-post-money/

Increase the Maximum File Upload Size in WordPress

Depending on the web hosting company you choose and the package you select, you will see maximum file upload limit on your Media Uploader page in WordPress. For some it is as low as 5MB which is clearly not enough for media files like (audio / video). Most pictures are under 5MB, so it is fine for just pictures. Below, we will show you how to increase the maximum file upload size in WordPress.

  1. In most cases if you are on a shared host, you will not see a php.ini file in your wp-admin directory. If you do not see one, then create a file called php.ini and upload it in the wp-admin folder.
  2. Then change the size:  upload_max_filesize = 120M

We zipped up and attached the php.ini file. On Line 486, change the file size.

Download this file

WordPress 3.8 “Parker”

Version 3.8 of WordPress, named “Parker” in honor of Charlie Parker, bebop innovator, is available for download or update in your WordPress dashboard. We hope you’ll think this is the most beautiful update yet.

Introducing a modern new design

WordPress has gotten a facelift. 3.8 brings a fresh new look to the entire admin dashboard. Gone are overbearing gradients and dozens of shades of grey — bring on a bigger, bolder, more colorful design!

design

Modern aesthetic
The new WordPress dashboard has a fresh, uncluttered design that embraces clarity and simplicity.

Clean typography
The Open Sans typeface provides simple, friendly text that is optimized for both desktop and mobile viewing. It’s even open source, just like WordPress.

Refined contrast
We think beautiful design should never sacrifice legibility. With superior contrast and large, comfortable type, the new design is easy to read and a pleasure to navigate.

WordPress on every device

responsiveWe all access the internet in different ways. Smartphone, tablet, notebook, desktop — no matter what you use, WordPress will adapt and you’ll feel right at home.

High definition at high speed
WordPress is sharper than ever with new vector-based icons that scale to your screen. By ditching pixels, pages load significantly faster, too.

Admin color schemes to match your personality

colors

WordPress just got a colorful new update. We’ve included eight new admin color schemes so you can pick the one that suits you best.

Color schemes can be previewed and changed from your Profile page.

Refined theme management

themesThe new themes screen lets you survey your themes at a glance. Or want more information? Click to discover more. Then sit back and use your keyboard’s navigation arrows to flip through every theme you’ve got.

Smoother widget experience
Drag-drag-drag. Scroll-scroll-scroll. Widget management can be complicated. With the new design, we’ve worked to streamline the widgets screen.

Have a large monitor? Multiple widget areas stack side-by-side to use the available space. Using a tablet? Just tap a widget to add it.

Twenty Fourteen, a sleek new magazine theme

twentyfourteen

Turn your blog into a magazine
Create a beautiful magazine-style site with WordPress and Twenty Fourteen. Choose a grid or a slider to display featured content on your homepage. Customize your site with three widget areas or change your layout with two page templates.

With a striking design that does not compromise our trademark simplicity, Twenty Fourteen is our most intrepid default theme yet.

Beginning of a new era

This release was led by Matt Mullenweg. This is our second release using the new plugin-first development process, with a much shorter timeframe than in the past. We think it’s been going great. You can check out the features currently in production on the make/core blog.

There are 188 contributors with props in this release.