Hermez

Zug, Switzerland Founded: 2020 • Age: 6 yrs Acquired By Polygon
Open-source blockchain payment network is integrated with Ethereum ecosystem.
Annual revenue - Latest available
Total funding - Funding intelligence
Employees - Tracked headcount
Investors 1 Known backers
Products 3 Services tracked
Competitors 11 Brand Intelligence

About Hermez

Hermez is a company based in Zug (Switzerland) founded in 2020 was acquired by Polygon in August 2021. Hermez offers products and services including Polygon Hermez Network, Wallet, and Network Explorer. Hermez operates in a competitive market with competitors including StarkWare, Immutable, Matter Labs, Scroll and Aleo, among others.

  • Headquarter Zug, Switzerland
  • Sectors
    Technology
  • Email
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  • Phone
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  • Website
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  • Social
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Operational Areas
Technology → Blockchain, Web3 & Digital Assets Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
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  • Net Profit
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  • EBITDA
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  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
    Not available
  • Acquired by
    Polygon

    (Aug 04, 2021)

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Products & Services of Hermez

Hermez offers a comprehensive portfolio of products and services, including Polygon Hermez Network, Wallet, and Network Explorer.

Product name locked
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Primary

Enables scalable and secure token transfers on Ethereum using zero-knowledge proofs.

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Facilitates user management of tokens and transactions on the network.

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Allows monitoring and interaction with Polygon Hermez transactions securely.

Funding Insights of Hermez

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Detailed funding history for Hermez

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Investors in Hermez

Hermez has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Polygon.

All
Institutional
Investor Description Founded Year Domain Location
Scalable blockchain interoperability protocols are developed for enhanced network security.
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Investor details for Hermez

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Investments & Acquisitions by Hermez

Investments
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Investment portfolio details for Hermez

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  • Portfolio identities
  • Transaction dates
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Financial Statements - Hermez

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Detailed financials for Hermez

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Hermez Comparisons

Hermez Primary company
Description
Open-source blockchain payment network is integrated with Et...
Location
Zug, Switzerland
Founded Year
2020
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Hermez

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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Competitors of Hermez

Hermez operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as StarkWare, Immutable, Matter Labs, Scroll and Aleo, among others.

Company Name Domain Founded year HQ Location Description
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Zero-knowledge proof roll-up solutions are provided for blockchain scaling.
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Blockchain infrastructure for NFT games and applications is developed.
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Blockchain privacy is supported by verifiable computation in finance infrastructure.
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A zkEVM-based zkRollup network for EVM-compatible Ethereum solutions is operated.
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Blockchain-based network is provided for developers to build applications.
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Decentralized zero-knowledge rollup platform for Ethereum token bridging is operated.
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Detailed competitors of Hermez

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Latest news on Hermez

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Complete news archive for Hermez

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Frequently Asked Questions about Hermez

Hermez was founded in 2020.

Hermez is headquartered in Zug, Switzerland. It is registered at Zug, Zug, Switzerland.

Hermez was founded in 2020 in Zug, Switzerland, as an open-source blockchain-enabled payment network within the cryptocurrency sector. Integration with the Ethereum ecosystem is facilitated, allowing token transfers to support economic activities. On-chain data availability is ensured through proof technology, while Ethereums public blockchain properties are maintained. Operations focus on secure, scalable transactions in the decentralized finance space.

Hermez's top competitors include StarkWare, Matter Labs and Immutable.

Hermez offers Polygon Hermez Network, Wallet, and Network Explorer.

Hermez has 1 investor. Key investors include Polygon.

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