Automattic invested in New Vector

Automattic invested in New Vector

Automattic invested in New Vector and it’s $4.6M strategic investment in order to back the Matrix ecosystem, New Vector stated in their official press release.

We’re very excited to announce that Automattic, the creator of WordPress, is making a $4.6M strategic investment in New Vector in order to back the Matrix ecosystem – effectively extending our Series-A round from October.

The natural fit between Automattic and New Vector means that the opportunities for collaboration are huge, and maybe even more obvious at the open source project level. For instance, Matrix could become the default real-time communication layer for WordPress, be it for a chat plugin, community collaboration or even more… In fact Automattic just opened up a role for a Matrix.org/WordPress Integrations Engineer, showing how serious they are about this partnership and supporting the Matrix ecosystem!

On our side, the investment will be used to continue shaping Riot into an app which delights its users: while we’ve released end-to-end encryption by default on Riot (more on that in a later blog), there is still a lot to do to make it as easy to use as some other apps, without compromising on its power. We will also continue our focus on growing Modular, where anyone can get their very own Matrix server at the click of a button.

So we’d like to thank again Matt and the Automattic team for their enthusiasm, and we’re looking forward to working together on taking the open web to the next level, the company stated on their official website.

Source: #WPDEVMAG / New Vector


/// #WPDEVMAG is about WordPress, the WordPress Community, and the WordPress Ecosystem. It’s not affiliated with or endorsed by WordPress or Automattic Inc. Thanks, #WPDEVMAG

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