Overview

Mattermost provides a secure collaboration platform specifically designed for technical teams. The platform allows users to communicate in real-time, share files and code snippets, and automate workflows, all while maintaining strict control over data security. Users can customize the platform to fit their needs and deploy it in various environments. Mattermost integrates with popular technical tools like GitHub and GitLab, enabling teams to streamline their workflows directly within the platform. Unlike many competitors, Mattermost offers both a premium version with advanced features and an open-source option, allowing for greater flexibility and customization. The company's goal is to enhance productivity and security for teams working in complex operational settings.

Simplify's Take

What believers are saying

• Rising demand for remote collaboration tools boosts Mattermost's market potential.
• Emphasis on cybersecurity increases the appeal of Mattermost's secure platform.
• Growth in open-source software market expands Mattermost's community and contributor base.

What critics are saying

• Emerging open-source platforms may offer similar features at lower costs.
• AI-driven tools could outpace Mattermost's current feature set.
• Security vulnerabilities in open-source platforms may increase scrutiny on Mattermost.

What makes Mattermost unique

• Mattermost offers a secure, open-source platform for technical team collaboration.
• The platform supports real-time communication and workflow automation for agile development.
• Mattermost provides flexible integrations with tools like GitHub and ServiceNow.

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Funding

Total Funding

$68.1M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:

Battery VenturesY Combinator

Notable Investors:

Battery VenturesY Combinator

$50,000,000

Series B

Jun 2019

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$50M

$65M

$100M

View all funding stages