Signal

Privacy-focused messaging platform with encryption

Indianapolis, Indiana, United States

About Signal

Signal provides a messaging platform that prioritizes user privacy through end-to-end encryption. This means that messages and calls made through Signal are secure and can only be accessed by the intended recipients, ensuring that even Signal cannot read users' messages. The platform includes features like voice and video calls, group chats, and encrypted stickers, all available without long-distance charges. What sets Signal apart from its competitors is its nonprofit status, which allows it to operate independently without relying on advertising or user tracking for revenue. Instead, it is funded by grants and donations from users and supporters. The goal of Signal is to offer a secure and private communication service for individuals and groups who value their privacy.

Indianapolis, IndianaHeadquarters
2013Year Founded
$48.6MTotal Funding
ANGELCompany Stage
Consumer Software, CybersecurityIndustries
51-200Employees

Benefits

Remote work flexibility
Healthcare, vision, and dental
401(k)

Risks

Removal from Apple's App Store in China limits Signal's market reach.
Competitors adopting post-quantum encryption may pressure Signal to innovate quickly.
Geopolitical tensions could lead to increased scrutiny on encrypted messaging apps.

Differentiation

Signal offers end-to-end encryption by default, ensuring maximum privacy for users.
Signal operates as a nonprofit, relying on donations rather than ads for revenue.
Signal's independence from major tech companies enhances its credibility in privacy protection.

Upsides

Increased adoption of encrypted apps post-'Salt Typhoon' boosts Signal's user base.
NIST's post-quantum standards offer Signal a chance to enhance encryption security.
Growing privacy concerns highlight Signal's value as a privacy-centric platform.

Funding

Total raised$48.64 M
Latest valuation$250.00 M
StageANGEL
ANGEL
1/31/2018
$50
$250.00 M