Zoom acquires Keybase

Zoom announced that Keybase has been acquired by ZOOM, a startup with encryption expertise. So far Purchase price has not been revealed.
Keybase one of the main company that building encryption products for several years including secure file sharing and collaboration tools. The main reason that Zoom acquired Keybase to get end-to-end encryption for its video calls. That will increase security credibility for Zoom. Zoom faced a shortage of security credibility at the demands of videos within the pandemic period.
The company has faced many of security issues in the last couple of months as demand as climbed and exposed some security weaknesses in the platform. As the company has stepped on to address these issues and decided to have a team of encryption experts on staff who should help the company build a more secure product.
Announcement of the deal is in a blog post, CEO Eric Yuan said they acquired Keybase to give customers a higher level of security. Security is  increasingly important to enterprise customers as more operations are relying on the Zoom platform, working from home during the pandemic.
“This acquisition marks a key step for Zoom as we attempt to accomplish the creation of truly private video communication a platform that can scale to hundreds of millions of participants, while also having the flexibility to support Zoom’s wide variety of uses,” Yuan wrote.
He added that tools will be introduced for all paying customers as soon as it is incorporated into the product. “Zoom will introduce an end-to-end encrypted meeting mode to all paid accounts. Logged-in users will generate public cryptographic identities that are stored in a repository on Zoom’s network and can be used to establish trust relationships between meeting attendees,” he wrote.
With the agreement of the deal, the Keybase will become a subsidiary of Zoom and co-founder and Max Krohn will lead the Zoom security engineering team and he will be reporting directly to CEO Yuan to help build and improve the security product. All Keybase employees almost two dozen will become Zoom employees. The majority of them are security engineers.
There is no clear picture of what would happen to Keybase’s products, but the company said Zoom is working with Keybase to figure that out.
Keybase was established in 2014 and has built up almost $11 million according to Crunchbase data.


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