Element raises $30M to boost Matrix

Re:Element raises $30M to boost Matrix by scrollaway on Tuesday July 27, 2021 @03:46AM (#27969732)

Matrix is a protocol. There's a lot of tooling and applications to be made around said protocol, plenty of which could be sold on on a license basis, support for enterprises etc.

Matrix has a fantastic B2B potential. It's just early.

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Re:Element raises $30M to boost Matrix by raxxorrax on Tuesday July 27, 2021 @04:30AM (#27970015)

It should be mentioned that it also allows for distributed authentication providers (home servers). A very important feature and big tech strategy is not hiding this. But you can keep Google, Apple, Microsoft and similar completely out of the loop.

The name of the protocol is very badly chosen though.

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Re:Element raises $30M to boost Matrix by scrollaway on Tuesday July 27, 2021 @05:14AM (#27970309)

Do you know if they have a mechanism for hosted servers with your own domain name yet? This feels like a big thing missing for wider enthusiast adoption.

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Re:Element raises $30M to boost Matrix by raxxorrax on Tuesday July 27, 2021 @07:05AM (#27971006)

To be honest, I am no expert on Matrix, but I thought you can just host your own server on your own domain. That was the base assumption for my comment and I hope that is correct. They have a server reference component (synapse) that you could host anywhere I think.

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Re:Element raises $30M to boost Matrix by scrollaway on Tuesday July 27, 2021 @08:33AM (#27971637)

Right but maybe you don't want to host your own server, but do want your own domain. Like emails.

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Re:Element raises $30M to boost Matrix by gary-kim on Tuesday July 27, 2021 @01:37PM (#27975206)

Element's primary paid service is Element Matrix Services [1] which is exactly for that. They run a Matrix server for you, optionally on a domain that you provide.

[1]: https://ems.element.io/

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Re:Element raises $30M to boost Matrix by karmanyaahm on Tuesday July 27, 2021 @12:11PM (#27974125)

That's not possible yet, see this proposal

https://github.com/matrix-org/matrix-doc/blob/neilalexander/...

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Re:Element raises $30M to boost Matrix by cvwright on Tuesday July 27, 2021 @05:22PM (#27977836)

The proposal that you linked is all about portable identities, tied to public keys. Is that really necessary for Element to host a server on a user's domain?

I would have thought it would work just like outsourcing your web server or your email service. You generate a DNS name and point it at their IP address. Then they get a certificate and start serving traffic for your domain. Easy peasy.

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Re:Element raises $30M to boost Matrix by karmanyaahm on Tuesday July 27, 2021 @12:10PM (#27974117)

That's not possible yet, see

https://github.com/matrix-org/matrix-doc/blob/neilalexander/...

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Re:Element raises $30M to boost Matrix by curryst on Tuesday July 27, 2021 @10:41AM (#27973029)

Yeah, they've had that for a long time. I ran my own server on my own domain name a couple years ago or so.

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Re:Element raises $30M to boost Matrix by goodpoint on Tuesday July 27, 2021 @07:28AM (#27971143)

That does not answer the question.

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Re:Element raises $30M to boost Matrix by rvz on Tuesday July 27, 2021 @04:36AM (#27970064)

Exactly. The Matrix ecosystem is already used by governments in European countries and healthcare providers as well so that justifies the valuation of this fundraising round.

The enterprise potential for the Matrix ecosystem which includes Element is almost like what GitLab has done but for Git services and much more.

> The majority of the core team is now employed by Element, an independent company set up to hire the team and support Matrix's development. Other contributors are funded by their own employers or donate their own time to the project.

At least they are not fully reliant on donations and they have a solid way of making money.

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