About Mysten Labs
Mysten Labs is a Technology company based in Palo Alto (United States) founded in 2021 by George Danezis, Adeniyi Emmanuel Abiodun, Evan Cheng, and Sam Blackshear. Web3 infrastructure solutions are offered via a blockchain platform. It operates in the Technology and Financial Services sectors. Mysten Labs has raised $336 million across 2 funding rounds from investors including Binance, Coinbase and FTX. The company has 186 employees. Mysten Labs has completed 1 acquisition, including Parasol. Mysten Labs was last valued at $2 billion in December 2022. Its chief executive, as recorded, is Evan Cheng. Its website mystenlabs.com draws about 30 thousand monthly visits. Mysten Labs offers products and services including Sui, Move, Enoki, Walrus, and DeepBook. Its focus areas include Services for Investment Industry, High Tech, Blockchain Infrastructure and Blockchain Network. Its competitors include Solana, Ankr and O(1) Labs; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Palo Alto, United States
- Employees 186
- Founders George Danezis, Adeniyi Emmanuel Abiodun, Evan Cheng, Sam Blackshear
- Stage Unicorn
- SectorsTechnologyFinancial Services
- Email••••••••
- Website mystenlabs.com
- Social LinkedIn X YouTube
Products & Services of Mysten Labs
Mysten Labs offers a comprehensive portfolio of products and services, including Sui, Move, Enoki, Walrus, and DeepBook.
Delivers Web3 benefits with Web2 ease for decentralized applications.
Native language designed for Sui blockchain development.
Transforms businesses through meaningful customer experiences.
Provides decentralized storage and data availability solutions.
Enables efficient decentralized finance and financial innovation.
Supports decentralized commerce applications on Sui.
Next-gen gaming device powered by Sui for interactive experiences.
Apps and channels of Mysten Labs
its YouTube channel Sui has 15.6K subscribers and 30 videos.
Videos from Mysten Labs
The most watched videos on Mysten Labs's YouTube channel, Sui (15.6K subscribers). Click a video to play it here.
More on Sui.
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.
- Total Funding $336M
- Total Rounds 2
- Last Round Series B — $300M
- First Round $36M
(Dec 2021)
- Investors Count 42
All 2 funding rounds of Mysten Labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Sep 2022 | $2B | •••••••• |
Last known valuation $2B (Dec 2022). 42 investors in total: 41 institutional and 1 angel.
Investors in Mysten Labs
Mysten Labs has secured backing from 42 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Binance, Coinbase and FTX.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Seed-stage companies are funded by this venture capital entity. | circle.vc | Vilnius, Lithuania | ||
Blockchain sectors are invested in by Sino Global Capital. | sinoglobalcapital.com | George Town, Cayman Islands | ||
Venture capital firm investing in global startups with a focus on innovation and business support. | dentsu-v.com | |||
Tech-enabled businesses are funded by Greenoaks venture capital firm. | greenoaks.com | San Francisco, United States | ||
Family office of Kelvin O' Leary | kevinoleary.com | West Palm Beach, United States | ||
Buyouts are targeted through private equity investments by the firm. | 1990 | apollo.com | New York, United States | |
Redpoint Ventures is engaged in venture capital investments. | redpoint.com | Woodside, United States | ||
Cryptocurrency investment firm | electriccapital.com | Palo Alto, United States |
Investor details for Mysten Labs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Mysten Labs
38 people are tracked at Mysten Labs (11 in leadership, 27 in team); the tracked headcount is 186.
| Name | Role | Group |
|---|---|---|
George Danezis | Co-Founder, Chief Scientist | Leadership |
Adeniyi Emmanuel Abiodun | Co-Founder & CPO | Leadership |
Evan Cheng | Co-Founder & CEO | Leadership |
Sam Blackshear | Co-Founder & CTO | Leadership |
Rob Fullen | Executive Assistant To Ceo, CTO & COO | Leadership |
Michael Corey | Head Of Data | Leadership |
Lola Oyelayo-Pearson | Director Of Commerce & Consumer Product | Leadership |
Louisa Bai | Head Of Stablecoins | Strategic Partnerships & Investments | Leadership |
John Naulty | Head Of Security Engineering And Threat Prevention | Leadership |
Abhishek Kumar | Head of Design | Leadership |
Han Liu | Head Of Corporate Development And Investor Relations | Leadership |
Mingwei Tian | Senior Staff Software Engineer | Team |
Xun Li | Staff Engineer | Team |
Pavlos Chrysochoidis | Full Stack Engineer | Team |
Adam Welc | Staff Engineer | Team |
Dimitris Alexiadis | Product Manager | Team |
Sylvia Favretto | General Counsel & Corporate Secretary | Team |
Jennifer Eng | People Operations | Team |
Mark Logan | Software Engineer | Team |
Jessie Mongeon | Senior Technical Writer | Team |
18 more people are available in the full profile.
Complete people profiles for Mysten Labs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Mysten Labs
Mysten Labs has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Parasol.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Blockchain infrastructure is provided for gaming applications and on-chain features. | parasol.xyz | San Francisco, United States | 2022 | Mar 2025 | •••• |
Complete acquisition details for Mysten Labs
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Timeline of Mysten Labs
5 dated milestones of Mysten Labs across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Mysten Labs is founded.
- Funding First funding round of $36.0M.
- Funding Latest funding round, Series B, of $300.0M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Parasol.
Competitors of Mysten Labs
Mysten Labs has 3 listed competitors in our database, 3 of them funded. They include Solana, Ankr and O(1) Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| solana.com | 2010 | San Francisco, United States | $374.15M | 62 | Blockchain infrastructure for transactions and counting is provided by Solana. | |
| ankr.com | 2017 | San Francisco, United States | $16M | 4 | Web3-native infrastructure for blockchain development and decentralization is provided. | |
| o1labs.org | 2017 | San Francisco, United States | $29.4M | 21 | Provider of a blockchain network |
Detailed competitors of Mysten Labs
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Mysten Labs
The website of Mysten Labs (mystenlabs.com) receives about 29.6K visits a month.
- Monthly visits29.6K
▲ 13.5% vs previous month
Websites whose visitors overlap most with Mysten Labs. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
walrus.xyz | walrus.xyz | 100% | #621,651 | – | |
| sui.io | 83% | 282.8K | #155,952 | View details | |
suiscan.xyz | suiscan.xyz | 83% | #500,263 | – | |
followin.io | followin.io | 83% | #392,515 | – | |
| quicknode.com | 83% | 389.5K | #81,885 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Mysten Labs
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- 9 similar websites
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Top companies in Blockchain & Decentralized Infrastructure
3 companies that operate in the same segment as Mysten Labs (Blockchain & Decentralized Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 | ||
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | 708 | ||
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | 166 |
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Related news about Mysten Labs
Complete news archive for Mysten Labs
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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 CEO of Mysten Labs, as recorded in our data. They have also founded this company.
Mysten Labs is a funded company, having raised a total of $336M across 2 funding rounds to date. The company's 1st funding round was a Series A of $36M, raised on Dec 2021.
Mysten Labs has 186 employees.
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 offers Sui, Move, Enoki, Walrus, and 3 more products and services.
Mysten Labs has made 1 acquisition, including Parasol.
Mysten Labs has 42 investors. Key investors include Binance, Coinbase, FTX, Netmarble Games Corporation, and NCSOFT.
The valuation of Mysten Labs is $2B as of Dec 2022.