Brian Acton, who co-founded WhatsApp, the favorite messaging app which was later acquired by Facebook has now invested $50 million in Signal, an end-to-end encrypted messaging software.
Acton will also work closely with the Signal Foundation which has been formed recently said the Signal’s creator Moxie Marlinspike.
In a blog post, Acton said “As more and more of our lives happen online, data protection and privacy are critical. This isn’t just important for select people in select countries. It’s important for people from all walks of life in every part of the world. Everyone deserves to be protected.”
Facebook had acquired WhatsApp back in 2014 for a princely sum of $19 billion. Acton stayed with the parent company until September last year.
Signal is known for its end-to-end encryption is increasingly becoming the go-to messaging platform for people who are afraid that their privacy can easily be compromised.
In Signal, it’s almost impossible for anybody else but the sender and the recipient to read the conversation. The firm also offers solutions to other institutions that are keen on building secure communication platforms.
It is important to note that both WhatsApp and Facebook Messenger make use of Signal code to secure and encrypt their respective applications.
Signal is now gearing up for bigger and better things as Moxie says in his blog post, “Starting with an initial $50,000,000 in funding, we can now increase the size of our team, our capacity, and our ambitions. This means reduced uncertainty on the path to sustainability and the strengthening of our long-term goals and values. Perhaps most significantly, the addition of Brian brings an incredibly talented engineer and visionary with decades of experience building successful products to our team.”
It will be interesting to track its growth and see if it manages to cater to the growing need of secure messaging platforms while not garnering major flak like Telegram has managed to acquire in the recent few years.