Polyhedra Network Closes $10 Million in Funding Led by Binance Labs and Polychain Capital

ZK infrastructure startup Polyhedra Network raised $10 million in a round co-led by Binance Labs and Polychain Capital. Animoca Brands and Dao5 also participated in the strategic round. The funds raised will be used for hiring engineering talent as well as research and development.

Polyhedra has developed several infrastructure offerings using zero-knowledge (ZK) proof technology, including a ZK bridge (zkBridge) solution to send assets between web2 and web3 systems; a ZK decentralized identity solution (zkDID) and a scalability solution.

The startup plans to integrate with more blockchains and make it more accessible to developers with API and SDK tooling.

Source

Zero Knowledge Proofs

Fund Raising

Binance

Polychain Capital

Animoca Brands

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