Proton Mail Raises $2M USD to Take Encrypted Communications Mainstream
Posted: Thu Dec 26, 2024 8:39 am
Proton Mail, a leader in email security and privacy, is announcing today that it has secured $2M USD in a financing round led by Charles River Ventures(ventana nueva) (CRV) and the Fondation Genevoise pour l’Innovation Technologique(ventana nueva) (FONGIT). The company will use these funds to further invest in the development of new features and to scale infrastructure to meet the growing demand for the service.
Proton Mail launched its Армения Telegram Лидер beta service in May 2014. Explosive demand overloaded its servers within 48 hours, forcing the company to seek funding to support the rush of new users. This latest round of funding comes on the heels of the more than $550,000 raised by the Swiss start-up in July 2014 from over 10,000 crowdfunding supporters, which set a record for a software technology project.
Proton Mail is now used worldwide by business professionals, journalists, activists, and individuals who value privacy in their communications. While Proton Mail is still in beta, more than 350,000 users have already signed up for the service. The company’s innovative email service distinguishes itself with its ease of use that allows anyone, regardless of tech skill, to benefit from end-to-end email encryption.
“This funding will allow us to finally bring Proton Mail’s automatic end-to-end email encryption to the mainstream,” says Proton Mail Co-Founder Andy Yen. “We are happy to have found partners who understand our long term vision of online privacy and can help us succeed.”
With support from FONGIT, Proton Mail will be moving into new offices in Plan-les-Ouates, Geneva and expanding its datacenters in Switzerland, where the service is hosted under the protection of strict Swiss privacy laws.
“As an organization backed by the State of Geneva, our mission is to support valuable companies in leveraging the unique assets of Switzerland and Geneva, such as the robust framework for security and privacy,” says Antonio Gambardella, Director of FONGIT, “We see tremendous potential in Proton Mail and look forward to supporting the company as it grows.”
Proton Mail launched its Армения Telegram Лидер beta service in May 2014. Explosive demand overloaded its servers within 48 hours, forcing the company to seek funding to support the rush of new users. This latest round of funding comes on the heels of the more than $550,000 raised by the Swiss start-up in July 2014 from over 10,000 crowdfunding supporters, which set a record for a software technology project.
Proton Mail is now used worldwide by business professionals, journalists, activists, and individuals who value privacy in their communications. While Proton Mail is still in beta, more than 350,000 users have already signed up for the service. The company’s innovative email service distinguishes itself with its ease of use that allows anyone, regardless of tech skill, to benefit from end-to-end email encryption.
“This funding will allow us to finally bring Proton Mail’s automatic end-to-end email encryption to the mainstream,” says Proton Mail Co-Founder Andy Yen. “We are happy to have found partners who understand our long term vision of online privacy and can help us succeed.”
With support from FONGIT, Proton Mail will be moving into new offices in Plan-les-Ouates, Geneva and expanding its datacenters in Switzerland, where the service is hosted under the protection of strict Swiss privacy laws.
“As an organization backed by the State of Geneva, our mission is to support valuable companies in leveraging the unique assets of Switzerland and Geneva, such as the robust framework for security and privacy,” says Antonio Gambardella, Director of FONGIT, “We see tremendous potential in Proton Mail and look forward to supporting the company as it grows.”