Reach is a development platform that aims to make it easier to create decentralised apps. The $12 million funding raises the company's valuation to $48 million. Reach intends to utilise some of the funds to develop a commercial version of its platform for enterprise-grade smart contacts. Mark Cuban, the billionaire investor, has invested in Polygon, an Indian firm trying to improve the platform's scalability. Previously, the firm received a grant from the Algorand Foundation.