London-based decentralized communications startup New Vector has raised $8.5 million to promote the adoption of Matrix, a major alternative messaging protocol.
- Now and in the future, how many bitcoins are there to count as whales
- The peak moment of the blockchain
- Ant Block Chain Yunqi Conference: 2020 to use the blockchain to serve 100 million Chinese
- The Queensland Real Estate Institute of Australia will launch a blockchain leasing agreement platform to empower the leasing industry with smart contracts
- Viewing the Status Quo of Blockchain from "Byzantine Compassion" and the original sin of Nakamoto
- Not waiting! VanEck and SolidX will release "Limited Edition" Bitcoin ETFs to institutional investors on Thursday
Slack's competitor Riot.IM
New Vector announced on October 10 that the Matrix protocol can communicate securely through an end-to-end encrypted messaging application (such as Riot.IM), an alternative to WhatsApp, Telegram or Slack, which will continue to leverage newly raised funds. Expand and develop its network.
The company said New Vector's investors in Series A financing include Firstminute Capital, a London-based European seed fund, Notion Capital, which focuses on cloud computing and software as a service (SaaS), and Dawn Capital, an enterprise software venture capital firm.
The report pointed out that as part of the promotion of the Matrix program, the company will also allocate funds to the Matrix hosting platform Modular.im.
US and French governments as customers
The Matrix protocol is an open standard that supports a secure and decentralized global communications network. According to the company, the agreement enables secure communications through interoperable instant messaging and Internet Protocol (VoIP) applications while preserving ownership and control of data.
As stated in the announcement, the Matrix network has expanded to more than 11 million users and 40,000 deployments, with well-known customers such as the US government, the French government, the non-profit corporate education project Wikimedia, and the software companies KDE and Red Hat (RedHat). )Wait.
In mid-September this year, Tim Draper, a billionaire investor and cryptocurrency optimist, joined the board of EOS-based decentralized application company MakeSense Labs. At the time, Draper, an early investor in the SenSense parent company Sensay, emphasized the role of allowing Sense.Chat to provide private and seamless messaging to improve interpersonal relationships.