New Vector scores $8.5M to plug more users into its open, decentralized messaging Matrix –
Summary
The team has been showing what’s possible when you think outside the proprietary silo of the usual (messaging giant) suspects for several years now — launching a Slack rival called Riot.IM back in 2016, which runs on Matrix — to offer an open, customizable and secure alternative. “Over the last few years it feels like we have gone backwards with communication platforms like Slack and WhatsApp that are walled gardens where users have very understandable concerns over whether their data is secure and how it is being used,” added Notion Capital’s Jos White in another statement. Earlier dev work on the Matrix protocol was funded with support from a large multinational telecoms infrastructure company for whom the founding team had previously built messaging apps. The plan for the Series A is thus to step on the gas and scale their hosting platform, burnish the product experience and beef up the protocol to be able to support more governments and enterprises seeking digital sovereignty, messaging autonomy and strong encryption to keep their secrets in increasingly volatile geopolitical times. “But we are tantalisingly close to having the missing ingredients (cross-signed key verification; E2E-capable full text search; E2E-capable bots) finished — which means we can turn it on across the whole public network by default for private rooms.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
