An anonymous reader quotes VentureBeat:
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.
of this story at Slashdot.
Source:: Slashdot