Polygon Labs has acquired Toposware, a blockchain research firm specializing in zero-knowledge technology.
Polygon Labs has acquired Toposware, a zero-knowledge-focused blockchain research and engineering firm, with which it has collaborated to develop its type 1 prover.
The acquisition is part of Polygon Labs’ strategy to improve its zero-knowledge arsenal — particularly in developing AggLayer that expands interoperability capabilities across ZK-powered Ethereum Layer 2s.Polygon Labs did not reveal the specific details or terms of the deal. Toposware was last valued between $20 million and $30 million, according to Dealroom.In August 2021, Polygon acquired the ZK scaling solution Hermez Network for $250 million.
Polygon Labs executive chairman Sandeep Nailwal invested in Toposware's $5 million seed extension round in November 2023.Polygon Labs has contributed to the core development of several scaling protocols, including Polygon PoS, Polygon CDK, and Polygon zkEVM. Its zkEVM competes with other ZK rollup scaling solutions, including Matter Labs’ zkSync, Scroll, Taiko, Linea and Starknet.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures.
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