Signal logo
Socialmessagingprivacyencryption

SIGNAL

Netfigo Verdict
on Signal

Signal is the messaging app that refuses to make money. No ads. No data collection. No subscriptions. It is funded by Brian Acton's $50 million donation (the same guy who walked away from $850 million at Facebook over privacy) and user donations. The Signal Protocol encrypts messages so securely that it is used by WhatsApp, Facebook Messenger, and Google — which means Signal's technology protects billions of conversations across its competitors' platforms. Edward Snowden uses it. Every journalist covering national security uses it. The only question: can a nonprofit survive in a world where every other communication platform is a surveillance machine? Signal is the most important app that might not exist in 10 years.

Founded

2014

HQ

Mountain View, California

Total Raised

$105 million (Signal Foundation)

Founder

Moxie Marlinspike

Status

Nonprofit (Signal Foundation)

Verified Aug 2026

Website

signal.org

THE ORIGIN STORY

Moxie Marlinspike (a pseudonym — real name Matthew Rosenfeld) is a cryptographer and former head of security at Twitter. He developed the Signal Protocol — the gold standard of end-to-end encryption.

In 2018, Brian Acton (WhatsApp co-founder who left Facebook over privacy disagreements) donated $50 million to co-found the Signal Foundation with Marlinspike. Signal the app evolved from TextSecure, which Marlinspike created in 2010.

Edward Snowden publicly endorsed Signal in 2015, calling it the only messaging app he trusted. Marlinspike stepped down as CEO in January 2022.

Meredith Whittaker, the former Google researcher who helped lead the 2018 Google walkout, has been president since September 2022 and is now the public face of the organisation.

WHAT THEY ACTUALLY DO

Signal is a nonprofit encrypted messaging app. It makes zero revenue from advertising, data collection, or subscriptions.

The app is completely free. It is funded entirely by donations, grants, and Brian Acton's $50 million founding gift.

Signal uses the Signal Protocol — the same end-to-end encryption technology that secures WhatsApp, Facebook Messenger, and Google Messages. Signal president Meredith Whittaker says running it costs roughly $50 million a year.

The app has been downloaded hundreds of millions of times.

THE PRODUCTS

Signal Messenger (encrypted messaging), Signal Protocol (open-source encryption, used by WhatsApp, Google Messages, etc.), Signal Stories, Signal group calls

HOW THEY GREW

Be the default for anyone who cares about privacy. Signal grew dramatically during privacy controversies (WhatsApp policy changes in 2021 drove millions to Signal in a single week).

The strategy: be so trustworthy that privacy-conscious users, journalists, activists, and eventually mainstream users choose Signal by default. Growth comes from crises — every time a competitor betrays user trust, Signal benefits.

THE HARD PART

Sustainability without a business model. Signal refuses to run ads, sell data, or charge subscriptions.

It operates purely on donations. Annual costs are roughly $50 million.

The Signal Foundation has enough runway for several years, but long-term funding is uncertain. Every other messaging app monetizes users somehow.

Signal's commitment to being free and private is admirable — but money is finite and servers are not free.

MONEY TRAIL

Foundation

2018 · Led by

$50.0B raised

Donations

2023 · Led by

$55M raised

WHO BACKED THEM

Brian Acton ($50M founding donation), no traditional VC investors

Related Profiles

Head-to-Head

Compare Signal vs another company.