Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.
Polygon building a complete suite of solutions that is similar to what Amazon Web Services offers Web2 developers -- a tool for every possible use case and scaling at a click of a button.
Polygon was co-founded in 2017 by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. The company is headquartered in Bangalore, India.
Polygon's core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Its other offerings include Polygon PoS, Polygon Edge, and Polygon Avail.
Polygon has also emerged as a prime destination for projects looking to build the future of games on Web3. The Polygon Studios has attracted projects including DraftKings, Upshot, Aavegotchi, Zed Run.
Polygon has over 7,000 decentralized apps (dApps) who are currently building on Polygon, including DeFi platforms Aave, Curve, Sushiswap, Pool, Uniswap, and OpenSea. The platform has processed more than 23 million blocks and 1.3 billion transactions.
Polygon has raised $450M in a new financing round on Feb 07, 2022. The round was led by Sequoia Capital India, with participations from Tiger Global, SoftBank, Galaxy Digital, Republic Capital, Makers Fund, Alameda Research, Dune Ventures, and others. The round valued the company at a $13B post-money.