Titan Raises $30M from Automattic at a $300M Valuation
Titan, the first professional email suite built with the goal of improving customer relationships for professionals and businesses, announced that it has received a $30 million investment from Automattic. Titan is worth $300 million thanks to the Series A investment. Smbs series global 57mwiggersventurebeat.
“Email is used for work by more than one-sixth of the global population, but there has been very little innovation in business email over the last two decades,” said Bhavin Turakhia, Titan’s Founder and CEO. “With Titan, we’ve created a platform that’s specifically designed for professionals and businesses, with features that help them achieve their goals, such as streamlining workflows, automating tasks, and making conversations richer and more contextual.” Titan smbs 30m series 300mraibloomberg.
Closer to their customers. Users can, for example, use Titan’s Scheduled Send to send new emails when they are most likely to be read. Businesses can also use Follow-Up Reminders to ensure that they are persistent when following up on leads. Titan also includes Email Templates, which enable users to send out new emails and recurring responses without having to start from scratch. Titan is now available to users via partnerships with leading web presence providers such as WordPress.com. Titan is available to all customers who purchase a WordPress.com website, with a three-month free trial for new customers.
“We are excited to make our largest strategic investment in Titan to date, and we are working hard to integrate it deeply on WordPress.com as a tool to help customers build a professional brand online,” said Automattic founder and CEO Matt Mullenweg. “We believe in Titan’s ability to build a world-class suite of productivity tools with an in-dashboard, customized user experience that gives users and partners ownership and control over their personal data.” Titan will use the Automattic investment to deepen and expand its product suite in order to provide more value to its current and future customers. Titan smbsautomatic.
About Titan
Titan is a next-generation email platform that allows businesses to develop stronger relationships with their customers. Titan, founded by CEO Bhavin Turakhia, is part of the Nova group, which also owns and operates Flock. Nova currently employs over 200 people across multiple offices around the world.
About Automattic
The goal of Automattic is to make the web a better place. We support customers through web hosting, e-commerce, security and backups, enterprise infrastructure, and more with products like WordPress.com, WooCommerce, Jetpack, Tumblr, and WordPress VIP. Automattic is a globally distributed company with over 1,600 employees in 86 countries. We believe in open source, and the vast majority of our work is licenced under the GNU General Public License.