Mysten Labs

Palo Alto, United States Founded: 2021 • Age: 5 yrs
Web3 infrastructure solutions are offered via a blockchain platform.
Annual revenue - Latest available
Total funding $336.0M 2 rounds
Employees - Tracked headcount
Investors 21 Known backers
Products 7 Services tracked
Competitors 6 Brand Intelligence

About Mysten Labs

Mysten Labs is a company based in Palo Alto (United States) founded in 2021 by George Danezis, Adeniyi Emmanuel Abiodun, Evan Cheng, and Sam Blackshear. Mysten Labs has raised $336 million across 2 funding rounds from investors including Binance, Coinbase and FTX. Mysten Labs has completed 1 acquisition, including Parasol. Mysten Labs offers products and services including Sui, Move, Enoki, Walrus, and DeepBook. Mysten Labs operates in a competitive market with competitors including Solana, Ankr, O(1) Labs, Symbiont and Chain, among others.

  • Headquarter Palo Alto, United States
  • Founders George Danezis, Adeniyi Emmanuel Abiodun, Evan Cheng, Sam Blackshear
  • Stage Unicorn
  • Sectors
    Technology
    Financial Services
  • Email
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  • Phone
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  • Website
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  • Social
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Operational Areas
Technology → Blockchain, Web3 & Digital Assets Unlock Sub-Sector Unlock Segment
Technology → Blockchain, Web3 & Digital Assets Unlock Sub-Sector Unlock Segment
Financial Services → Banking & Financial Institutions Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $336 M (USD)

    in 2 rounds

  • Latest Funding Round
    $300 M (USD), Series B

    Sep 08, 2022

  • Investors
    Binance

    & 20 more

  • Employee Count
    Not available
  • Investments & Acquisitions
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Products & Services of Mysten Labs

Mysten Labs offers a comprehensive portfolio of products and services, including Sui, Move, Enoki, Walrus, and DeepBook.

Product name locked
Category locked
Primary

Delivers Web3 benefits with Web2 ease for decentralized applications.

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Native language designed for Sui blockchain development.

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Transforms businesses through meaningful customer experiences.

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Provides decentralized storage and data availability solutions.

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Enables efficient decentralized finance and financial innovation.

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Supports decentralized commerce applications on Sui.

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Next-gen gaming device powered by Sui for interactive experiences.

People of Mysten Labs

Headcount 50-200
Employee Profiles 36
Employee Profiles
People
Evan Cheng
Co-Founder & CEO
People
Xun Li
Staff Engineer
People
Rob Fullen
Executive Assistant To Ceo, CTO & COO
People
Pavlos Chrysochoidis
Full Stack Engineer

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Funding Insights of Mysten Labs

Mysten Labs has successfully raised a total of $336M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $300 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Mysten Labs

Mysten Labs has secured backing from 21 investors, including institutional and venture fund investors. Prominent investors backing the company include Binance, Coinbase and FTX.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Seed-stage companies are funded by this venture capital entity.
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Investor details for Mysten Labs

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  • Investor domains
  • Investor locations
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  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Mysten Labs

Mysten Labs has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Parasol.

Investments
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Investment portfolio details for Mysten Labs

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  • Transaction dates
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Acquisitions
Company Name Description Domain Location Founded Year Amount
Blockchain infrastructure is provided for gaming applications and on-chain features.
Locked Locked 2022 Locked
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Complete acquisition details for Mysten Labs

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  • Domains and locations

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Financial Statements - Mysten Labs

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Detailed financials for Mysten Labs

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Mysten Labs Comparisons

Mysten Labs Primary company
Description
Web3 infrastructure solutions are offered via a blockchain p...
Location
Palo Alto, United States
Founded Year
2021
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Mysten Labs

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Competitors of Mysten Labs

Mysten Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Solana, Ankr, O(1) Labs, Symbiont and Chain, among others.

Company Name Domain Founded year HQ Location Description
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Blockchain infrastructure for transactions and counting is provided by Solana.
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Web3-native infrastructure for blockchain development and decentralization is provided.
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Provider of a blockchain network
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Smart contract platform
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Blockchain infrastructure is offered for financial application development.
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Detailed competitors of Mysten Labs

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  • Domains and locations
  • Full company profiles
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Latest news on Mysten Labs

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Complete news archive for Mysten Labs

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Mysten Labs

Mysten Labs was founded in 2021.

Mysten Labs is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.

Evan Cheng is the current CEO of Mysten Labs. They have also founded this company.

Mysten Labs is a funded company, having raised a total of $336M across 2 funding rounds to date.

Mysten Labs was founded in 2021 and is based in Palo Alto, United States. Operations focus on the blockchain sector, where Web3 infrastructure is provided through the Sui network. An open-source wallet is included for developers to access, learn, and transact. Sui Explorer enables transaction searches and metrics analysis. A name service is available for identity registration. Digital collectibles called SuiFrens are also offered.

Mysten Labs's top competitors include Solana, O(1) Labs and Ankr.

Mysten Labs offers Sui, Move, Enoki, Walrus, and 3 more products and services.

Mysten Labs has made 1 acquisition, including Parasol.

Mysten Labs has 21 investors. Key investors include Binance, Coinbase, FTX, NCSOFT, and Lightspeed Venture Partners.

The valuation of Mysten Labs is $2B as of Sep 2022.

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