Polyhedra Network Completes $20M Funding Round, Valued at $1B

  • Polychain Capital spearheaded the round, joined by Animoca Brands.
  • The funds generated will support worldwide growth initiatives and the recruitment of additional staff.
  • This marks the company’s fifth round of funding within the past twenty-four months.

Polyhedra Network, the pioneering force behind the zero-knowledge protocol zkBridge within Web 3 infrastructure, proudly announces the closure of a transformative $20 million funding round, catapulting the company’s valuation to an impressive $1 billion milestone. This remarkable achievement underscores our unwavering commitment to revolutionizing digital trust and security.

Leading this monumental round is Polychain Capital, accompanied by esteemed partners such as Animoca Brands, Emirates Consortium, Mapleblock Capital, Hashkey Capital, UoB Ventures, Symbolic Capital, Longhash Ventures, MH Ventures, Arkstream Capital, and Web3Port Foundation, signifying a resounding vote of confidence in our vision and capabilities.

At the heart of Polyhedra Network’s groundbreaking solutions lies zero-knowledge proofs, a robust framework empowering users with unparalleled security and scalability. By harnessing the power of zero-knowledge proofs, we validate the authenticity of statements on blockchains without compromising sensitive information, ensuring the utmost privacy and integrity.

Our flagship zkBridge protocol serves as the linchpin for seamless interoperability across networks, facilitating over 20 million cross-chain transactions across 25 blockchains and counting. Leveraging unforgeable zero-knowledge proofs, zkBridge meticulously validates the sender chain’s state and consensus, delivering verifiable results on the recipient end.

Eric Vreeland, Chief Strategy Officer of Polyhedra Network, affirms, “Blockchain technology epitomizes a paradigm shift, enabling peer-to-peer transactions devoid of intermediaries. Zero-knowledge technology is the cornerstone unlocking blockchain’s boundless potential.”

With this substantial influx of capital, Polyhedra Network embarks on an ambitious global expansion journey, fortified by a robust recruitment drive to onboard top talent. This marks our fifth successful financing round in just two years, a testament to our unwavering momentum and industry leadership.


© 2023 CryptoFunding. All Rights Reserved.