About Polygon
Polygon is a company based in George Town (Cayman Islands) founded in 2017 by Daniel Lubarov, Jordi Baylina, Brendan Farmer, David Z, Sandeep Nailwal, Mihailo Bjelic, and Bobbin Threadbare. It operates as a Blockchain-as-a-Service. Polygon has raised $450.75 million across 4 funding rounds from investors including Coinbase, Animoca Brands and Unacademy. Polygon has completed 5 acquisitions, including Coinme, Hermez and Mir Protocol. Polygon offers products and services including Polygon PoS, Polygon zkEVM, AggLayer CDK, and Miden. Polygon operates in a competitive market with competitors including Wuri, IBEX, Nexus Mutual, Onmeta and Grwth Lbs, among others.
- Headquarter George Town, Cayman Islands
- Founders Daniel Lubarov, Jordi Baylina, Brendan Farmer, David Z, Sandeep Nailwal, Mihailo Bjelic, Bobbin Threadbare
- Stage Decacorn
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Polygon Labs Ui (Cayman) Ltd.
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Products & Services of Polygon
Polygon offers a comprehensive portfolio of products and services, including Polygon PoS, Polygon zkEVM, AggLayer CDK, and Miden.
Ethereum scaling ecosystem is supported for fast transactions.
ZK-rollup solution is provided for Ethereum scalability security.
Ethereum Layer 2s are built with ZK technology.
Decentralized rollup is offered with private data storage.
People of Polygon
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Leadership Team
8 people
Product Management Team
7 people
Human Resources and Administration
6 people
Software Development Team
5 people
Finance and Accounting
5 people
Sales and Marketing
4 people
Legal and Compliance
4 people
Creative and Marketing Team
4 people
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Funding Insights of Polygon
Polygon has successfully raised a total of $450.75M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $450 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Polygon
Polygon has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Coinbase, Animoca Brands and Unacademy.
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Venture and private equity investments are managed with global diversification.
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Growth-stage investments are focused on by Republic Capital venture firm.
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Venture capital funding for games and interactive entertainment.
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Investor details for Polygon
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Investments & Acquisitions by Polygon
Polygon has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Coinme, Hermez and Mir Protocol.
Investment portfolio details for Polygon
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Open-source blockchain payment network is integrated with Ethereum ecosystem.
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Open-source blockchain platform is utilized for decentralized application development.
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Bitcoin protocol is forked for privacy-enabled transactions via zero-knowledge proofs.
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Complete acquisition details for Polygon
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Financial Statements - Polygon
Detailed financials for Polygon
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Polygon Comparisons
Peer comparison for Polygon
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Competitors of Polygon
Polygon 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 Wuri, IBEX, Nexus Mutual, Onmeta and Grwth Lbs, among others.
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Stories across multiple genres are provided for online reading.
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Infrastructure for instant, interoperable financial settlement is provided by IBEX.
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Blockchain-based P2P insurance is provided for individuals and smart contracts.
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Cryptocurrency and DApp services are provided by Onmeta.
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Web3 products are developed, focusing on DeFi stablecoin yield aggregation.
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Detailed competitors of Polygon
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Latest news on Polygon
Complete news archive for Polygon
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Frequently Asked Questions about Polygon
Polygon was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Polygon is headquartered in George Town, Cayman Islands.
Polygon is a funded company, having raised a total of $450.75M across 4 funding rounds to date.
Polygon is established as a key player in blockchain scaling solutions for Ethereum. Various technologies like Polygon PoS, zkEVM, and Miden are developed to enhance transaction speed and reduce costs. The ecosystem is supported for real-world assets and global payments. Solutions are provided for developers through tools, documentation, and community support. Focus is placed on zero-knowledge technology to ensure scalability and security. The AggLayer protocol is designed for cross-chain interoperability. A wide range of decentralized applications is hosted within the Polygon ecosystem.
Polygon's top competitors include Nexus Mutual, IBEX and Acorn Protocol.
Polygon offers Polygon PoS, Polygon zkEVM, AggLayer CDK, and Miden.
Polygon has made 5 acquisitions, including Coinme, Hermez, and Mir Protocol.
Polygon has 23 investors. Key investors include Coinbase, Animoca Brands, Unacademy, SoftBank Group, and Peak XV Partners.
The valuation of Polygon is $20B as of Feb 2022.