About Parasol
Parasol is a company based in San Francisco (United States) founded in 2022 by Kai Chen was acquired by Mysten Labs in March 2025. It operates as a Blockchain-as-a-Service. Parasol offers products and services including Sui Backend, On-chain Collectibles, Player Management, and Marketplace APIs. Parasol operates in a competitive market with competitors including ParamLabs, Blockus, Alliance Games, N3MUS and Nexus Interactive, among others.
- Headquarter San Francisco, United States
- Founders Kai Chen
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Parasol Technologies Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$150 K (USD), Grant
Jul 01, 2022
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Investors
Mysten Labs
& 1 more
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Employee Count
Employee Count
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Acquired by
Mysten Labs
(Mar 09, 2025)
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Products & Services of Parasol
Parasol offers a comprehensive portfolio of products and services, including Sui Backend, On-chain Collectibles, Player Management, and Marketplace APIs. 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.
Applications are built without infrastructure or security concerns.
In-game currencies and tokenized items are dynamically issued.
Frictionless player authentication and managed wallets are provided.
Item trading and marketplaces are integrated into games.
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Funding Insights of Parasol
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $149,996
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First Round
First Round
(01 Jul 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Grant - Parasol | Valuation |
investors |
| 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 |
investors |
Investors in Parasol
Parasol has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Mysten Labs and National Science Foundation. 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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A government-backed foundation providing seed-stage investments to support small businesses.
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Founded Year | Domain | Location | |
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Web3 infrastructure solutions are offered via a blockchain platform.
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Parasol
| 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 |
Financial Statements - Parasol
| 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 |
investors |
Parasol Comparisons
Competitors of Parasol
Parasol 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 ParamLabs, Blockus, Alliance Games, N3MUS and Nexus Interactive, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of blockchain games
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| domain | founded_year | HQ Location |
Blockchain games are developed by Blockus for gaming studios' onboarding.
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| domain | founded_year | HQ Location |
Developer of blockchain based games
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| domain | founded_year | HQ Location |
Blockchain-based platform connects gamers to digital technology.
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| domain | founded_year | HQ Location |
Game development platforms are built for digital entertainment ecosystems.
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| domain | founded_year | HQ Location |
Various categories of games are developed by TOKYO GameFi studio.
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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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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Parasol
When was Parasol founded?
Parasol was founded in 2022.
Where is Parasol located?
Parasol is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Parasol?
Kai Chen is the current CEO of Parasol. They have also founded this company.
What does Parasol do?
Parasol is focused on delivering blockchain infrastructure solutions for the gaming industry. Scalable and secure systems are developed to support game growth, regardless of size. Revolutionary technologies are offered for building open and interoperable game worlds. Services include Sui Backend for application development, On-chain Collectibles for tokenized items, Player Management for authentication, and Marketplace APIs for in-game trading. The mission is centered on connecting the world through immersive entertainment by enabling storytelling in gaming.
Who are the top competitors of Parasol?
Parasol's top competitors include Alliance Games, Nexus Interactive and N3MUS.
What products or services does Parasol offer?
Parasol offers Sui Backend, On-chain Collectibles, Player Management, and Marketplace APIs.
Who are Parasol's investors?
Parasol has 2 investors. Key investors include Mysten Labs, and National Science Foundation.
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