this post was submitted on 16 Mar 2025
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Matrix is owned by a foundation only on paper. In reality it is all owned and driven by Element, which was very much VC funded in the past but seems to have reached the end of the VC re-financing cycle by now (hence increased enshittification speed).
That explains why Synapse and some other things moved under element-hq on GitHub.
Doesn't Element get funding from some EU governments? IIRC it was used by some police force in Germany and some departments in France.
Yes they have been trying to diversify income sources and so far mostly ended up with governmet (including military and law enforcement) contracts. But they are still burning money fast, as the entire company has a VC funded startup culture where being efficient with your resources counts little.
My personal guess is that Matrix as an open ecosystem will be mostly dead in 5 years, and Element will survive as a much smaller defense contractor.