Ones to watch: Slack competitor Mattermost raises $20 million in funding


Mattermost, an open source messaging platform, this week announced it has closed a $20 million Series A funding round.

The open source software messaging tool says it hopes to make the world safe and more productive. Mattermost is the fastest growing messaging platform for DevOps – it offers a similar messaging software to Slack but with added safety and security features.

“Every company needs to build and operate software as effectively as the tech giants do today,” said Ian Tien, CEO and co-founder of Mattermost. “Mattermost is the enterprise messaging platform that gives developers far greater control over the security, privacy and regulatory requirements that matter most to businesses with stringent security demands.”

“Mattermost has reinvented the enterprise messaging platform and given DevOps teams the ability to create solutions that meet their unique needs, down to the most granular security requirements and customizations,” said Tomasz Tunguz, managing director at Redpoint Ventures. “We believe that the enterprise market will largely favor open source messaging platforms like Mattermost as developers increasingly realize the tradeoffs they are conceding by using proprietary solutions from external vendors.”