When was Mysten Labs founded?

Mysten Labs was founded in 2021 and became a unicorn in 2022.

Where is Mysten Labs located?

Mysten Labs is headquartered in Palo Alto, United States. It is registered at 55 LOUDOUN ROAD,ST JOHN'S WOOD,LONDON,UNITED KINGDOM,NW8 0DL.

Who is the current CEO of Mysten Labs?

Evan Cheng of Mysten Labs. They have also founded 2 companies and are angel investors in 2 startups.

How many employees does Mysten Labs have?

As of May 31, 2026, the latest employee count at Mysten Labs is 208.

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 $36M Series A round, raised on Dec 06, 2021.

How much is Mysten Labs worth?

The latest valuation of Mysten Labs is $2B as of Sep 08, 2022.

When was the latest funding round of Mysten Labs?

Mysten Labs' latest funding was a $300M Series B round on Sep 08, 2022, with participation from 14 investors. Its primary sector is Blockchain Infrastructure. In United States, the Blockchain Infrastructure sector has seen $1B in funding in 2026 to date.

Is Mysten Labs a Blockchain Infrastructure company?

The primary sectors of Mysten Labs are Blockchain Infrastructure, Smart Contracts and Services for Investment Industry.

Where does Mysten Labs rank among its competitors?

Mysten Labs ranks 1st amongst 1421 active competitors, of which 310 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Celestia, which secured $100M in Sep, 2024.

Who are the top competitors of Mysten Labs?

Mysten Labs' top competitors include Aptos, Solana and NEAR. Among them, Celestia secured the most recent funding round in September, 2024.

Mysten Labs - 2026 Company Profile, Team, Funding & Competitors

Mysten Labs is a series B company based in Palo Alto (United States), founded in 2021 by Evan Cheng, George Danezis, Sam Blackshear and Adeniyi Emmanuel Abiodun. It operates as a Blockchain platform offering Web3 infrastructure solutions. Mysten Labs has raised $336M in funding from Andreessen Horowitz and FTX, with a current valuation of $2B. The company has 1421 active competitors, including 310 funded and 33 that have exited. Its top competitors include companies like Aptos, Solana and NEAR.

Sectors and market segments that Mysten Labs operate in

Mysten Labs serves in the High Tech, Blockchain Technology, Financial Services market segments.The primary business model of Mysten Labs are:

Company Details

Blockchain platform offering Web3 infrastructure solutions. Its product portfolio includes an open-source wallet packed with features to help developers access, learn, and transact on the Sui network, Sui Explorer for digging into metrics, searching for transactions, Sui name service to register identity, and more. It also offers digital collectibles called SuiFrens.

Website: www.mystenlabs.com/
Social
Email ID: *****@mystenlabs.com
Registered Address: 55 LOUDOUN ROAD,ST JOHN'S WOOD,LONDON,UNITED KINGDOM,NW8 0DL

Key Metrics

Founded Year

2021

Location

Palo Alto, United States

Stage

Series B

Total Funding

$336M in 2 rounds

Latest Funding Round

Series B, Sep 08, 2022, $300M

Post Money Valuation

$2B as on Sep 08, 2022

Investors

Andreessen Horowitz & 43 more

Ranked

1^st among 1421 active competitors

Employee Count

208 as on May 31, 2026

Investment & Acquisitions

Everlyn & 18 more

Similar Companies

NEAR & 337 more

View Mysten Labs' full profile

Mysten Labs is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MYSTEN LABS UK LTD CIN: 14539160 , United Kingdom, Active	Dec 12, 2022	-	1 (As on Dec 31, 2024)

Mysten Labs has raised a total funding of $336M over 2 rounds. Its first funding round was on Dec 06, 2021. Its latest funding round was a Series B round on Sep 08, 2022 for $300M. 14 investors participated in its latest round. Mysten Labs has 43 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Mysten Labs:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 08, 2022	$300M	Series B	$2B	-	FTX	Andreessen Horowitz, Jump Crypto, Lightspeed Venture Partners, Circle Venture Capital, Franklin Templeton Investments, Binance, Dentsu Ventures, Greenoaks, Kevin O'Leary, Coinbase, Apollo Global Management, NC, Ryze Labs
Dec 06, 2021	$36M	Series A	-	-	Andreessen Horowitz	Redpoint Ventures, Lightspeed Venture Partners, Coinbase, Electric Capital, NFX, Slow Ventures, Standard Crypto, Scribble Ventures, Samsung NEXT

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View details of Mysten Labs's funding rounds and investors

The founders of Mysten Labs are Evan Cheng, George Danezis, Sam Blackshear and Adeniyi Emmanuel Abiodun. Evan Cheng is the CEO of Mysten Labs.

Here are the details of Mysten Labs' key team members:

Evan Cheng: Co-Founder & CEO of Mysten Labs and founder of 1 other company. They are also an angel investor in 2 startups.
Contact Info: 2 email addresses
George Danezis: Co-Founder, Chief Scientist of Mysten Labs. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Sam Blackshear: Co-Founder & CTO of Mysten Labs and founder of 1 other company.
Contact Info: 1 email address
Adeniyi Emmanuel Abiodun: Co-Founder & CPO of Mysten Labs.
Contact Info: 1 email address

View details of Mysten Labs's Founder profiles and Board Members

Mysten Labs' employee count trend

Mysten Labs has 208 employees as of May 26. Here is Mysten Labs's employee count trend over the years:

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Top competitors of Mysten Labs include Aptos, Solana and NEAR. Here is the list of Top 10 competitors of Mysten Labs, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mysten Labs 2021, Palo Alto (United States), Series B	Blockchain platform offering Web3 infrastructure solutions	$336M	Greenoaks, Lightspeed Venture Partners & 42 others	81/100
2nd	Aptos 2021, Palo Alto (United States), Series D	Provider of protocols for building blockchain-based solutions	$350M	Andreessen Horowitz, Multicoin Capital & 33 others	80/100
3rd	Solana 2010, San Francisco (United States), Series C	Blockchain-based infrastructure for transactions and counting	$374M	Andreessen Horowitz, 500 Global & 95 others	79/100
4th	NEAR 2017, Zug (Switzerland), Series D	Public blockchain network platform	$542M	Andreessen Horowitz, Tiger Global Management ... & 90 others	78/100
5th	AVA 2018, Brooklyn (United States), Series B	Blockchain platform for smart contracts and custom subnets	$368M	Andreessen Horowitz, Metastable Materials ... & 22 others	75/100
6th	Ethereum 2013, Toronto (Canada), Series B	Blockchain-based public network for decentralized applications	-	DJ Yakisoba Capital Partners, KR1 & 109 others	71/100
7th	Chain 2014, San Francisco (United States), Acquired	Blockchain solutions empowering businesses to thrive in the Web3 era	$39.5M	Nasdaq, RRE Ventures & 26 others	70/100
8th	DFINITY 2014, Palo Alto (United States), Series C	Blockchain-based public network for building decentralized applications	$164M	Andreessen Horowitz, Polychain & 60 others	69/100
9th	Avalanche 2018, Tortola (United Kingdom), Funding Raised	Provider of smart contracts platform for decentralized application development	-	IPC, K300 Ventures & 44 others	68/100
10th	Celestia 2011, Vaduz (Liechtenstein), Series C	Blockchain-based modular consensus and data network	$204M	Bain Capital Crypto, Syncracy & 47 others	67/100

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Mysten Labs has made 18 investments in companies including Everlyn and Subzero. Mysten Labs has also acquired 1 companies including Parasol.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Sep 01, 2025	Investments	Everlyn	2024	United States
Aug 22, 2025	Investments	Subzero		Los Angeles (United States)
Aug 01, 2025	Investments	Rialo	2018	Helsinki (Finland)