Automattic has invested $30 million in Titan, a startup based out of India that wants to reinvent email for small businesses. The company was founded just two years ago by entrepreneur Bhavin Turakhia, Bloomberg reports, the Series A funding values the company at $300 million. This investment brings a whole new player to the table when it comes to business email.
“We need an alternative to Google and Microsoft, which have started to monopolize email,” Matt Mullenweg, Automattic founder, and CEO said during a call. “Of about 6 billion email accounts in the world, only a fraction are small business email accounts and they need a product that’s focused on their needs,” he said.
Could this be the way that Automattic tries to contend with other hosts by the ability to offer email alongside their VIP hosting or offerings at WordPress.com?