New Vector scores $8.5M to plug more users into its open, decentralized messaging Matrix
New Vector, a European startup founded in 2017 by the creators of an open, decentralized communications standard called Matrix to drive adoption and grow an ecosystem around an alternative messaging protocol for instant messaging and VoIP apps, has raised an $8.5 million Series A funding round.
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. (Secure because unlike Slack Riot does offer end-to-end encryption. Though not yet everywhere — but expanding e2e encryption is part of the plan for the Series A.)
Users of Riot can also choose to run the app on their own server so they’re in full control of data hosting. And the app includes a bridging feature to integrate with mainstream chat app rivals like Slack . So it’s a ‘cake and eat it’ approach to modern messaging tech: Control plus interoperability and transparency.
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