Mysten Labs is a Palo Alto-based Series B blockchain company founded in 2021 by Sam Blackshear, Evan Cheng, George Danezis, and Adeniyi Emmanuel Abiodun. Specializing in Web3 infrastructure solutions, the company has raised $336M in funding** (led by a16z and FTX) and achieved a **$2B valuation. With 1,481 active competitors—including industry leaders like NEAR, Aptos, and Solana—Mysten Labs stands out as a key player in decentralized technology.
Company Overview
Blockchain Platform: Mysten Labs develops Web3 infrastructure, offering:
- An open-source wallet for the Sui network
- Sui Explorer for transaction analytics
- Sui Name Service for digital identity
- SuiFrens digital collectibles
Key Metrics:
- Post-Money Valuation: $2B (as of September 2022)
- Funding Rounds: $336M across Series A and B
- Competitors: 296 funded, 27 exited
Funding and Investors
Mysten Labs’ latest Series B round (September 2022) secured $300M with participation from:
- FTX (lead investor)
- a16z
- Jump Crypto
- Binance
- Coinbase
Historical Funding:
| Date | Amount | Round | Valuation | Lead Investor |
|--------------|---------|---------|-----------|---------------|
| Sep 2022 | $300M | Series B| $2B | FTX |
| Dec 2021 | $36M | Series A| – | a16z |
Top 10 Competitors
Ranked by Tracxn Score, top rivals include:
| Rank | Company | Description | Funding | Key Investors |
|------|--------------|------------------------------|---------|---------------------|
| 1 | NEAR | Public blockchain network | $542M | Tiger Global, a16z |
| 2 | Aptos | Blockchain protocols | $350M | Franklin Templeton |
| 3 | Solana | Transaction infrastructure | $374M | Foundation Capital |
FAQ
Q: What products does Mysten Labs offer?
A: Sui network tools, including wallets, explorers, and digital collectibles.
Q: Who are Mysten Labs’ major investors?
A: FTX, a16z, Binance, and Coinbase.
Q: How does Mysten Labs compare to Aptos?
A: Both focus on Web3, but Aptos has raised $350M vs. Mysten’s $336M.
Legal Entities
| Entity Name | Incorporation Date | Revenue |
|----------------------------|--------------------|---------------|
| AVSF - Mysten Labs 2022 LLC| – | $1M (2022) |
| Mysten Labs UK Ltd | Dec 2022 | – |
Final Word: Mysten Labs is shaping Web3’s future with robust funding, strategic partnerships, and cutting-edge blockchain solutions. For deeper insights, explore their Sui network tools.
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