Signal expands into the Signal Foundation with $50M from WhatsApp co-founder Brian Acton


Perhaps the most surprising thing I learned about Signal when I spoke with Moxie Marlinspike, the encrypted chat service’s creator, last year at Disrupt, was that it was essentially running on a shoestring budget. An indispensable tool used by millions and feared by governments worldwide, barely getting by! But $50 million from WhatsApp co-founder Brian Acton should help secure the app’s future, through the newly founded Signal Foundation nonprofit.

The arrangement was announced in a dual blog post by Marlinspike and Acton on the Signal blog. As the former writes:

Signal has never taken VC funding or sought investment, because we felt that putting profit first would be incompatible with building a sustainable project that put users first. As a consequence, Signal has sometimes…

Read Story