Polygon Labs
Polygon Labs is a L1/L2 Blockchains company founded in 2017 and based in Remote, Ireland. It has raised $450M in total funding, most recently a Token sale in 2022.
Polygon (originally Matic Network) was founded in 2017 by Sandeep Nailwal, Jaynti Kanani, Anurag Arjun, and Mihailo Bjelic to scale Ethereum, and the development company operates as Polygon Labs, with the ecosystem's grants and stewardship handled by the separate Polygon Foundation. Marc Boiron is CEO of Polygon Labs, while co-founder Sandeep Nailwal stepped up as CEO of the Polygon Foundation in 2025. Its long-running Polygon PoS sidechain became one of the most widely used Ethereum-compatible networks for low-cost transactions, and the company has since built a zkEVM rollup and the AggLayer, a protocol intended to aggregate liquidity and state across many chains into a unified, Ethereum-anchored network. In a 2022 token sale Polygon raised about $450 million led by Sequoia Capital India. In January 2026 Polygon pivoted toward regulated stablecoin payments, agreeing to acquire payments firm Coinme and wallet-infrastructure provider Sequence for more than $250 million and cutting roughly 19% of staff to consolidate overlapping roles.
Polygon has been one of Ethereum's most-adopted scaling brands, and its AggLayer is a notable attempt to knit fragmented L2s back into a single liquidity and settlement fabric.
polygon.technology ↗·L1/L2 Blockchains·
Ireland·private 
