Friday, 24 March, 2023

Polygon raises $450M from Sequoia Capital India, SoftBank, Tiger Global

<p>Polygon, a secondary scaling solution for the Ethereum blockchain, raised $450M in a round of funding led by Sequoia Capital India to support the firm&rsquo;s Web 3 plans. The round included funding from 40 capital firms, including SoftBank, Galaxy Digital, Tiger Global, and Republic Capital. The funds will be used to build Web 3 applications, including Polygon PoS, Polygon Edge, and Polygon Avail, which are similar to Amazon Web Services&rsquo; offerings for Web 2 developers.</p>