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
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Sectors
TechnologyFinancial Services
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Email
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Website
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $300.0M
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First Round
First Round
(06 Dec 2021)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2022 | Amount | Series B - Mysten Labs | Valuation | FTX | |
| Dec, 2021 | Amount | Series A - Mysten Labs | Valuation | a16z |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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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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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mysten Labs
Mysten Labs has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Parasol. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Blockchain infrastructure is provided for gaming applications and on-chain features.
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2022 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Mysten Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mysten Labs Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Blockchain infrastructure is offered for financial application development.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mysten Labs
Frequently Asked Questions about Mysten Labs
When was Mysten Labs founded?
Mysten Labs was founded in 2021.
Where is Mysten Labs located?
Mysten Labs is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Mysten Labs?
Evan Cheng is the current CEO of Mysten Labs. They have also founded this company.
Is Mysten Labs a funded 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 06, 2021.
What does Mysten Labs do?
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.
Who are the top competitors of Mysten Labs?
What products or services does Mysten Labs offer?
Mysten Labs offers Sui, Move, Enoki, Walrus, and 3 more products and services.
How many acquisitions has Mysten Labs made?
Mysten Labs has made 1 acquisition, including Parasol.
Who are Mysten Labs's investors?
Mysten Labs has 21 investors. Key investors include Binance, Coinbase, FTX, NCSOFT, and Lightspeed Venture Partners.
What is Mysten Labs's valuation?
The valuation of Mysten Labs is $2B as of Sep 2022.
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