TechFlow reports that Polygon Labs has acquired Toposware, a blockchain research and engineering firm focused on zero-knowledge technology. The two parties had previously collaborated on developing its first-order proof system. Polygon Labs did not disclose specific details or terms of the transaction.
The acquisition is part of Polygon Labs' strategy to strengthen its zero-knowledge technology portfolio, particularly in advancing AggLayer, a technology designed to enhance interoperability among ZK-powered Ethereum Layer 2 networks.
According to Dealroom, Toposware was last valued between $20 million and $30 million. Previously, in August 2021, Polygon acquired the ZK scaling solution Hermez Network for $250 million. Several months later, Polygon made another acquisition in the ZK space by purchasing Mir Protocol for $400 million.
