Sequoia Capital led a $450m funding round in Polygon.

Venture capital firm Sequoia Capital led a $450m funding round in Polygon, a layer-2 scaling solution, with participation from SoftBank Vision Fund 2, Galaxy Digital, Tiger Global and Republic Capital. Polygon will use the funding to expand its scaling solutions, which includes Polygon PoS, Polygon Edge and Polygon Avail, and support mainstream adoption of Web3 applications. The team will also continue to invest in zero-knowledge technology after committing over $1bn to such initiatives in November 2021.