Polygon Labs

Polygon Labs is a software development company that specializes in creating open, permissionless blockchain infrastructure. It aims to facilitate the mass adoption of a blockchain-based Internet by providing scalable and secure solutions, primarily as an expansion layer for Ethereum. The company was founded by the team behind Polygon (formerly Matic Network) and operates with a remote-first workforce of over 400 employees across more than 40 countries. Polygon Labs offers a range of blockchain products, including the Polygon PoS Chain, Polygon zkEVM, Miden, and developer tools like the Agglayer CDK. These solutions enhance Ethereum's scalability and usability, supporting over 10,000 decentralized applications (dApps) and more than 1 million smart contracts. The company is committed to innovation, employing zero-knowledge proof technologies and aiming to increase network throughput significantly. Polygon Labs collaborates with various partners, including enterprises, public sector organizations, and Web3 projects, to drive the growth of decentralized applications and Web3 technologies globally.

Information Technology & Services United Arab Emirates Founded 2017 ~236 employees

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Employees
236
-0.4% in the 3 months to Jun 2025
Revenue / employee
$136K
Revenue ~$32M
Total funding
$500M
Last round Aug 2022
12-month attrition
32.8%
Tech: 35%
H1B filings, FY2026
2
Sponsors visas

Headcount trend

Polygon Labs went from 311 employees in Jul 2023 to 236 in Jun 2025. Jan to Jun 2025: 24 people joined, 24 left.

Headcount data through Jun 2025

Org structure

Headcount by department

Other123
Engineering51
Operations20
Marketing11
Sales9
Success8
HR5
Finance4

Funding

  • Aug 2022 · $50M
  • Feb 2022 · Series A · $450M · Sequoia Capital, SoftBank Vision Fund 2, Galaxy Digital
  • May 2021

Salaries at Polygon Labs

All salaries

3 salary profiles in India

Pay by level, gender and ethnicity

Layoffs

Details

60 roles cut in the last 12 months.

  • Jan 2026 · 60 roles · Cayman Islands, Cayman Islands

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H-1B sponsorship

H-1B Sponsorship Limited
H-1B Filings by Department
Engineering3
Legal2
Healthcare1

The department split adds up all the years listed above. FY2026 alone: 2 filings.

Peer reviews

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Anonymous peer reviews on OffTheRecord

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Polygon Labs FAQ

How many employees does Polygon Labs have?

Polygon Labs has about 236 employees, down 0.4% over the 3 months to Jun 2025.

Does Polygon Labs sponsor H1B visas?

Yes. Polygon Labs filed 2 H1B (LCA) applications in FY2026, according to the latest U.S. Department of Labor disclosures. Most of them were for Engineering roles.

Has Polygon Labs had layoffs in 2026?

Yes. Polygon Labs has reported 60 layoffs in 2026, most recently on Jan 16, 2026.

What is Polygon Labs's revenue per employee?

Polygon Labs makes about $136K in revenue per employee, based on $32M annual revenue and 236 employees.

How much does Polygon Labs pay?

6figr has 3 salary profiles for Polygon Labs in India, with pay broken down by role, level and gender on the Polygon Labs salaries page. See Polygon Labs salaries

How much funding has Polygon Labs raised?

Polygon Labs has raised $500M in total funding.

Data from Company Prospectus, DOL LCA disclosures, WARN notices and 6figr salary profiles.