Titan, the first professional email suite developed with the goal of fostering deeper client interactions for professionals and businesses with their clients, received a $30 million investment from Automattic. Titan is worth $300 million according to the Series A financing as per titan smbs series 300mraibloomberg.
it is also known as titan SMBS series 300m. Participating investors included Lee Fixel, Kevin Hartz, Josh Reeves, Ashton Kutcher, Guy Oseary, South Park Commons, Scribble VC, BoxGroup, Y Combinator, and Mike Krieger, the founder of Instagram. Katherine Boyle of General Catalyst will join the company’s board of directors as a result of this round of funding.
The objective of Automattic is to improve the internet. Web hosting, e-commerce, security and backups, enterprise infrastructure, and other services are provided to clients by Automattic through its products, which include WordPress.com, WooCommerce, Jetpack, Tumblr, and WordPress VIP. More than 1,600 people work for Automattic, a global firm, in 86 different countries.
Titan is a cutting-edge email platform, created to help companies develop stronger ties with their clients. Only through its partnerships with leading web presence providers, such as web hosting, domain, and site-builder companies, can customers access Titan. Titan was established by Bhavin Turakhia, the CEO of the Nova business, who also owns and runs Flock. Currently, Nova employs more than 200 people across several offices throughout the world.
Titan is a platform that helps businesses in streamlining workflows, automating tasks, and enhancing and contextualize discussions. The firm claimed it will make use of Automattic’s Titan Series 300M funding to deepen and broaden its product offering in order to provide even more value to its present and prospective clients.
The features of Titan are made to help companies connect with their clients. For instance, customers of Titan’s Scheduled Send feature can set their fresh emails to go out at the ideal time for reading. Additionally, businesses may make sure that they follow up on leads regularly by using Follow-Up Reminders.
Another Titan feature that eliminates the need to start from scratch when sending fresh emails and repeating responses is email templates. Users can presently access Titan through its collaborations with top web presence providers, such as WordPress.com. Titan is accessible to all customers who purchase a WordPress.com website, and it offers a three-month free trial to new customers.
Titan was inspired by my own personal frustration. I frequently use email. Even now, I observe that emails still account for the vast majority of corporate communications. Many firms use it as a platform. Additionally, it is a crucial instrument for communication, with nearly 400 million small websites online globally, 40 million new ones appearing annually, and 1.5 billion business accounts. Although there are many players on the market, Titan stands out because it was created with corporate needs in mind.
General Catalyst led a $12.5 million Series A financing round for Titan, a New York-based technology company developing the operating system for active investment management to compete with Fidelity and BlackRock. This brings Titan’s total funding to $16 million.
A venture capital firm called General Catalyst makes investments in strong, enduring transformation for our entrepreneurs, our investors, our staff, and society. They help founders with a long-term view who challenges the status quo and have a long-term perspective by working with them from the seed stage through the growth stage and beyond to create businesses that survive the test of time.
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