Big news today: Element, the startup founded by the team who created Matrix, just raised $30M of Series B funding in order to further accelerate Matrix development and improve Element, the flagship Matrix app. The round is led by our friends at Protocol Labs and Metaplanet, the fund established by Jaan Tallinn (co-founder of Skype and Kazaa). Both Protocol Labs and Metaplanet are spectacularly on board our decentralised communication quest, and you couldn't really ask for a better source of funding to help take Matrix to the next level. Thank you for believing in Matrix and leading Element's latest funding!
You can read all about it from the Element perspective over at the Element Blog, but suffice it to say that this is enormous news for the Matrix ecosystem as a whole. In addition to transforming the Element app, on the Matrix side this means that there is now concrete funding secured to:
So, exciting times ahead! We'd like to inordinately thank everyone who has supported Matrix over the years - especially our Patreon supporters, whose donations pay for all the matrix.org infrastructure while inspiring others to open their cheque books; the existing investors at Element (especially Notion and Automattic, who have come in again on this round); all the large scale Matrix deployments out there which are effectively turning Matrix into an industry (hello gematik!) - and everyone who has ever run a Matrix server, contributed code, used the spec to make their own Matrix-powered creation, or simply chatted on Matrix.
Needless to say, Matrix wouldn't exist without you: the protocol and network would have fizzled out long ago were it not for all the people supporting it (the matrix.org server can now see over 35.5M addressible users on the network!) - and meanwhile the ever-increasing energy of the community and the core team combines to keep the protocol advancing forwards faster than ever.
We will do everything we possibly can to succeed in creating the long-awaited secure communication layer of the open Web, and we look forward to large amounts of Element's new funding being directed directly into core Matrix development :)
thanks for flying Matrix,
Matthew, Amandine & the whole Matrix core team