Polygon, crypto startup founded by 3 Indians, raises $450 million

Polygon, crypto startup founded by 3 Indians, raises $450 million

• By Staff Writer

Polygon, a decentralized scaling platform for the Ethereum blockchain, has raised $450 million in funding by selling its Matic crypto token to investors led by Sequoia Capital India. This is Polygon's first major financing round and it had raised $750,000 in venture capital funding prior to this. Polygon was founded in 2017 by Sandeep Nailwal, Jayanti Kanani, and Anurag Arjun.