About Parasol
Parasol is a Media & Entertainment company based in San Francisco (United States) founded in 2022 by Kai Chen, and was acquired by Mysten Labs in March 2025. Blockchain infrastructure is provided for gaming applications and on-chain features. It operates on a Blockchain-as-a-Service model. Its chief executive, as recorded, is Kai Chen. Parasol offers products and services including Sui Backend, On-chain Collectibles, Player Management, and Marketplace APIs. Its focus areas include Technology, Blockchain and Gaming Infrastructure. Its legal entity is Parasol Technologies LLC. Its competitors include ParamLabs, Blockus and GameBit; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters San Francisco, United States
- Founders Kai Chen
- Stage Acquired
- SectorsMedia & Entertainment
- Website parasol.xyz
- Social LinkedIn
- Acquired by Mysten Labs (Mar 2025)
- Legal Name Parasol Technologies Llc
- Latest Funding Round$150K (USD), Grant
Jul 2022
- InvestorsMysten Labs
& 1 more
- Acquired byMysten Labs
(Mar 2025)
Products & Services of Parasol
Parasol offers a comprehensive portfolio of products and services, including Sui Backend, On-chain Collectibles, Player Management, and Marketplace APIs.
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.
Funding Insights of Parasol
- Total Rounds 1
- Last Round Grant — $149,996
- First Round $149,996
(Jul 2022)
- Investors Count 1
All 1 funding rounds of Parasol with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2022 | $149,996 | Grant | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A government-backed foundation providing seed-stage investments to support small businesses. | 1950 | nsf.gov | Arlington, United States | |
Web3 infrastructure solutions are offered via a blockchain platform. | 2021 | mystenlabs.com | Palo Alto, United States |
Investor details for Parasol
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People of Parasol
2 people are tracked at Parasol (2 in leadership).
| Name | Role | Group |
|---|---|---|
Kai Chen | Founder & CEO | Leadership |
Tim Mansfield | Head of Product | Leadership |
Complete people profiles for Parasol
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Timeline of Parasol
3 dated milestones of Parasol across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Parasol is founded.
- Funding First funding round of $150K.
- Exit Acquired by Mysten Labs.
Competitors of Parasol
Parasol has 3 listed competitors in our database, 2 of them funded. They include ParamLabs, Blockus and GameBit.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paramlabs.io | 2021 | New York, United States | $7M | Developer of blockchain games | ||
| blockus.gg | 2022 | Santa Monica, United States | $4M | Blockchain games are developed by Blockus for gaming studios' onboarding. | ||
| gamebitcoin.io | 2022 | Wilmington, United States | Develops innovative technologies for blockchain-based games. |
Detailed competitors of Parasol
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Top companies in Gaming Platforms & Ecosystem
3 companies that operate in the same segment as Parasol (Gaming Platforms & Ecosystem) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Gaming hardware and accessories are developed for players. | 2005 | Irvine, California, United States | USD 126.27 M | 1,981 | ||
Provider of cross-platform game engine technology | 1991 | Cary, North Carolina, United States | USD 8.13 B | 11,961 | ||
VR-based head-mounted displays for gaming are provided by Oculus. | 2012 | Menlo Park, California, United States | USD 107.05 M |
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Related news about Parasol
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Frequently Asked Questions about Parasol
Parasol was founded in 2022.
Parasol is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Kai Chen is the CEO of Parasol, as recorded in our data. They have also founded this company.
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.
Parasol offers Sui Backend, On-chain Collectibles, Player Management, and Marketplace APIs.
Parasol has 2 investors. Key investors include Mysten Labs, and National Science Foundation.
Parasol operates through Parasol Technologies Llc.
Yes. Parasol was acquired by Mysten Labs in March 2025.