Automattic, the open source force behind WordPress .com, WooCommerce, Longreads, Simplenote and Tumblr, has made a $4.6M strategic investment into New Vector -- the creators of an open, decentralized communications standard called Matrix. The investment by Automattic, which is at a higher valuation than the last tranche New Vector took in, extends an $8.5M Series A last year, from enterprise tech specialists Notion Capital and Dawn Capital plus European seed fund Firstminute Capital -- and brings the total raised to date to $18.1M. Getting Automattic on board is clearly a major strategic boost for Matrix -- one that's allowing New Vector to dream big.
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