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.
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Headcount trend
Polygon Labs went from 238 employees in Oct 2024 to 218 in Sep 2026. Apr to Sep 2026: 10 people joined, 10 left.
Org structure
Headcount by department
Funding
- Aug 2022 · $50M
- Feb 2022 · Series A · $450M · Sequoia Capital, SoftBank Vision Fund 2, Galaxy Digital
- May 2021
Salaries at Polygon Labs
All salaries3 salary profiles in India
Layoffs
Details60 roles cut in the last 12 months.
- Jan 2026 · 60 roles · Cayman Islands, Cayman Islands
H-1B sponsorship
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
Similar companies
Polygon Labs FAQ
How many employees does Polygon Labs have?
Polygon Labs has about 218 employees, down 0.5% over the 3 months to Sep 2026.
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 $147K in revenue per employee, based on $32M annual revenue and 218 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.