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
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Sectors
Technology
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Email
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Phone
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Website
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables scalable and secure token transfers on Ethereum using zero-knowledge proofs.
Facilitates user management of tokens and transactions on the network.
Allows monitoring and interaction with Polygon Hermez transactions securely.
Funding Insights of Hermez
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Hermez
Hermez has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Polygon. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Scalable blockchain interoperability protocols are developed for enhanced network security.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Hermez
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hermez
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hermez Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hermez
Frequently Asked Questions about Hermez
When was Hermez founded?
Hermez was founded in 2020.
Where is Hermez located?
Hermez is headquartered in Zug, Switzerland. It is registered at Zug, Zug, Switzerland.
What does Hermez do?
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.
Who are the top competitors of Hermez?
Hermez's top competitors include StarkWare, Matter Labs and Immutable.
What products or services does Hermez offer?
Hermez offers Polygon Hermez Network, Wallet, and Network Explorer.
Who are Hermez's investors?
Hermez has 1 investor. Key investors include Polygon.
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