TechFlow news, February 7: Polygon, an Ethereum scaling solution, has completed a $450 million funding round led by Sequoia India, with participation from SoftBank, Tiger Global, Galaxy Digital, Republic Capital, Makers Fund, Alameda Research, Alan Howard, Alexis Ohanian, Steadview Capital, Elevation Capital, Animoba Brands, Spartan Fund, Dragonfly Capital, Variant Fund, and Kevin O'Leary. The funds will be used to expand Polygon's portfolio of Ethereum scaling solutions and attract a larger developer ecosystem. Sandeep Nailwal, co-founder of Polygon, told TechCrunch that the company has spent nearly $1 billion over the past few quarters acquiring firms to broaden its product offerings.
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