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Signal, Maker of Signal Messenger, Receives $50 Million

Signal, Maker of Signal Messenger, Receives $50 Million

Signal seems to be doing well at the moment, as it’s now being reported that they’ve received $50 million from the co-founder of WhatsApp.

Brian Acton, who co-founded WhatsApp and who previously worked for Facebook, is now aligned with Signal and providing them with millions of dollars. Acton is no longer with Facebook or WhatsApp, and he will be the executive chairman for the Signal Foundation, a new organization.

According to a blog on Signal’s website, the Signal Foundation is a just-launched 501(c)(3) non-profit organization that will further Signal’s mission. Acton also provides a message on Signal’s blog, explaining Signal’s mission, which is “to develop open source privacy technology that protects free expression and enables secure global communication.” Signal (and Acton) believe it’s important to offer secure communication to everyone across the world, and they hope to do this with the Foundation.

Signal has become fairly popular with their Signal Messenger, a service that encrypts messages (offering end to end encryption) and provides more security than typical messaging services. It’s meant to make people feel more certain that their messages aren’t being compromised. It offers security for those who might be concerned about government spying or their texts being intercepted for nefarious purposes.

The Signal Protocol, which is from Open Whisper Systems and used for Signal Messenger, is also used in services like WhatsApp, Skype, and Facebook Messenger. Specifically, Facebook Messenger uses Signal to offer Secret Conversations. These locked-down messages can be sent by opening a conversation with someone, clicking the information button in the corner of the conversation, and choosing to “Go to Secret Conversation.” The conversation will then use Signal Protocol to encrypt the messages sent and received.

While Signal has been frowned upon by some government agencies like the FBI (according to Newsweek), for many it’s simply a way to feel more secure and private. With the money the Signal Foundation has received, Signal will be able to increase the size of its staff and do more with their service.

(Featured image: Signal website)