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Uber switch from Slack to Mattermost.
Mattermost, a startup developing what it characterizes as an open source messaging alternative to Google’s Hangouts Chat, Atlassian’s HipChat, Slack, and Microsoft Teams, today announced the closure of a $50 million series B funding round. The round was led by Y Combinator’s Continuity Fund, with participation from new investor Battery Ventures, as well as existing investors Redpoint and S28 Capital. The capital infusion follows a $20 million series A in February and a $3.5 million seed round in February 2017 and brings the Palo Alto, California-based company’s total raised to roughly $70 million.
As part of the round, Twitter COO Ali Rowghani will join Mattermost as board director and Battery Ventures’ Neeraj Agarwal will join as a board observer. The raise comes as monthly downloads of the open source project pass 10,000. To date, more than 1,000 contributors have helped translate Mattermost into 16 languages.
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. “Mattermost, as well as others in this space … find messaging increasingly as common as email and web conferencing inside the enterprise,” he added. “To realize the category’s full potential, we think the messaging collaboration space needs an open source option. That’s why we started Mattermost … and with today’s announcement, we think this option is fully established.” Tien cofounded Mattermost in 2014, after he and colleagues at game development studio SpinPunch encountered challenges with a commercial messaging app they’d been using — chiefly crashes and an inability to export gigabytes of chat logs. Their solution? Repurposing their game development engine’s chat features and turning it into Mattermost.
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