Polyhedra Network Secures $20M Funding at $1B Valuation
March 17, 2024, 2:21 pm
Location: Germany, Bavaria, Lenggries
Employees: 11-50
Founded date: 2022
Total raised: $35M
Polyhedra Network, the force behind zkBridge, closes a $20M funding round at a $1 billion valuation. Led by Polychain Capital, with support from Animoca Brands and others, the company aims to dominate the zero-knowledge space and push for trust-minimized interoperability globally.
zkBridge, the company's interoperability solution, has facilitated over 20 million cross-chain transactions between 25+ blockchains, showcasing its prowess in the Web3 infrastructure realm. With a focus on zero-knowledge proof technology, Polyhedra Network enables developers to create secure, scalable applications without added assumptions.
The funding will fuel the company's expansion efforts and bolster its workforce, marking its fifth financing round in two years. Polyhedra Network's commitment to zero-knowledge technology highlights its dedication to revolutionizing blockchain transactions and unlocking the industry's full potential.
zkBridge, the company's interoperability solution, has facilitated over 20 million cross-chain transactions between 25+ blockchains, showcasing its prowess in the Web3 infrastructure realm. With a focus on zero-knowledge proof technology, Polyhedra Network enables developers to create secure, scalable applications without added assumptions.
The funding will fuel the company's expansion efforts and bolster its workforce, marking its fifth financing round in two years. Polyhedra Network's commitment to zero-knowledge technology highlights its dedication to revolutionizing blockchain transactions and unlocking the industry's full potential.