Our Portfolio

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INVESTMENT CASE STUDY

Mattermost

An open-source, highly secure collaboration and messaging platform designed for technical teams and high-trust enterprise environments.

Mattermost

Strategic Overview

Founded in 2015 by Ian Tien and Corey Hulen, Mattermost is an open-source collaboration platform purpose-built for organizations that require strict security, data sovereignty, and compliance. Often utilized as a secure, self-hosted alternative to traditional SaaS messaging apps, Mattermost provides real-time messaging, workflow orchestration, and seamless integrations tailored for software development and IT teams. By offering flexible deployment options—including on-premises and private cloud—the platform empowers government agencies, defense contractors, and financial institutions to maintain complete ownership and control of their critical data without sacrificing modern collaboration features.

Investment Thesis & Key Pillars

Data Sovereignty & Security

Provides self-hosted and private cloud deployment options, ensuring organizations retain complete ownership and control over their communication data.

Developer-Centric Collaboration

Tailored specifically for technical teams, seamlessly integrating with DevOps tools, CI/CD pipelines, and incident response workflows.

Open-Source Extensibility

Built on an open-source core, allowing enterprises to deeply customize the platform, audit the code, and build proprietary integrations.

Strict Compliance

Designed to meet the rigorous regulatory and compliance requirements of high-trust industries, including defense, healthcare, and financial services.

Workflow Orchestration

Features structured playbooks and automated workflows to guide teams through complex processes, such as incident resolution and release management.

Investment Metrics

CycleSeries B
FocusEnterprise Software / Collaboration
HQ / PresencePalo Alto, CA
StatusActive Investment

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