Zoom has made it a goal to build end-to-end encryption into its video conferencing product after coming under fire in April for falsely marketing their calls as already having that layer of security.
Keybase's experienced team will be a critical part of this mission," Yuan said in a blog post. "Our goal is to provide the most privacy possible for every use case, while also balancing the needs of our users and our commitment to preventing harmful behavior on our platform. Additionally, leaders from Zoom and Keybase will work together to figure out what the future looks like for Keybase's product. They will proactively identify, address, and enhance the security and privacy capabilities of its platform, Zoom said in a press release. Keybase engineers will join Zoom's security engineering unit. The acquisition is part of Zoom's 90-day plan to shore up its privacy and security announced in early April, after the company faced a cavalcade of privacy and security issues amid its huge surge in usage due to the coronavirus pandemic. Keybase has 25 employees, according to CNBC. Keybase's last valuation was $42.6 million after raising a $10.8 million funding round led by Andreessen Horowitz in 2015, according to Pitchbook. Keybase cofounder Max Krohn will now lead Zoom's security engineering team and report directly to Zoom CEO Eric Yuan. Zoom is acquiring Keybase, a secure messaging and file sharing service, as the video communications company tries to improve the privacy and security of its platform. Account icon An icon in the shape of a person's head and shoulders.
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