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.
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.