Titan Raises $ 30 Million to Automattic at a Price of $ 300 Million …

(MENAFN – Mid-East.Info D) ubai, United Arab Emirates: Titan, the professional messaging startup founded by Dubai-based serial entrepreneur Bhavin Turakhia, has announced that it has secured a $ 30 million investment from Automattic , the parent company of WordPress. com. The investment marks the biggest investment ever made by Automattic and values ​​Titan at $ 300 million.

The investment in Titan follows last month’s announcement that Zeta, Bhavin’s modern banking startup, achieved unicorn status with a valuation of $ 1.45 billion following a $ 250 million investment from SoftBank.

In Titan, Bhavin aims to disrupt the messaging market by delivering the first messaging suite designed to bring businesses closer to their customers.

“Email is used by more than a sixth of the world’s population for business purposes, but very little innovation has occurred in business email over the past two decades,” said Bhavin, Founder and CEO of Titan. “In Titan, we’ve created a platform specifically designed for professionals and businesses with features that meet their goals: streamline workflows, automate tasks, and make conversations richer and more contextual. “

Bhavin has a long history of building very successful tech startups. After co-founding Directi in 1998 with his brother, Divyank Turakhia, the two left the company in 2014 in a $ 160 million deal with Endurance (now Newfold Digital). Bhavin then launched Radix, one of the leading Internet domain registries, and Zeta, the emerging leader in modern banking services for customers around the world.

Titan was born out of a vision to reinvent email for businesses, giving them access to tools traditionally expensive.

Titan’s features are designed to bring businesses closer to their customers. With Titan Scheduled Send, for example, users can schedule their new emails to send when they’re most likely to be read. And with follow-up reminders, businesses can make sure they stay persistent when following up on leads. Titan also includes email templates, which allow users to quickly send new emails and recurring replies without having to compose them from scratch.

Partnership with Automattic

Titan is available to users exclusively through its partnerships with major web presence providers, including WordPress.com.

WordPress powers 42% of websites worldwide between open source software and Automattic’s WordPress.com commercial offering. For anyone buying a new website from WordPress.com, Titan provides a professional way to build relationships with their customers via email while they are working on their site.

“We’re excited to make our biggest strategic investment to date in Titan, and we’re working to deeply integrate it into WordPress.com as a tool to help clients build professional brands online,” said Matt. Mullenweg, founder and CEO of Automattic. “We believe in the potential of Titan to create a suite of world-class productivity tools that deliver a personalized user experience in the dashboard, in which it gives users and partners ownership and control over their personal data. “

Titan is currently also available from several major web presence providers around the world.

The Big Three of Bhavin

In addition to Titan, Bhavin’s other companies Zeta and Radix have also seen big gains so far in 2021. Series C’s $ 250 million investment in Softbank’s Zeta is one of the biggest investments never made in a banking technology startup. Zeta has more than 10 banks and 25 fintechs in eight countries among its clients.

Radix has become the largest player in new Internet domain registries (ngTLDs) with over 5 million domains under management. With its portfolio of only 10 TLDs, Radix had over 25% of the new gTLD domain registrations market share in 2020.

Titan will leverage Automattic’s investment to deepen and expand its product line to deliver even more value to current and future customers.

About Titan :

Titan is a next-generation messaging platform designed to enable businesses to build closer relationships with their customers. Titan is available to customers exclusively through its partnerships with major web presence providers, including web hosting, domain, and site builder companies. Founded by Bhavin Turakhia (CEO), Titan is part of the Nova Group, which also owns and operates Flock. Nova currently has more than 200 employees, located in offices in the Middle East, the United States and the United Kingdom. Learn more @ Titan.

About Automatic:

Automattic’s goal is to make the web a better place. With products like WordPress.com, WooCommerce, Jetpack, Tumblr, and WordPress VIP, we help our clients through web hosting, e-commerce, security and backups, business infrastructure, and more. Automattic is a distributed company with over 1,600 employees working in 86 countries. We believe in open source, and the vast majority of our work is available under the GPL.


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