“Mattermost, a messaging app designed for businesses with serious privacy and security needs, announced a $50 million funding round on Wednesday, roughly four months after scooping up its first, Series A round of funding.”
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“CEO Ian Tien says the series B proceeds will accelerate Mattermost’s community expansion and product development and fuel expansion of its workforce from 65 employees to 110 by 2020.”
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“Mattermost provides an open-source messaging platform built to run on companies’ internal infrastructure. The service can be deployed in a public cloud such as Amazon Web Services or on on-premises hardware, behind the corporate firewall. That allows organizations to retain full control of employee communications and shield chat messages from prying eyes with the help of the existing security systems protecting their infrastructure.”
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“Investor enthusiasm for all things messaging does not appear to be waning as CEO Ian Tien rolled his wheelbarrow of cash away from the offices of Y Combinator Continuity (YC), who led the $50m Series B investment.”
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“Mattermost has 10,000 downloads each month, adding up to a growing threat to Slack’s hegemony.”
Read MoreThe Best Companies in the World Use Mattermost
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