USA – Mysten Labs, a Palo Alto, CA-based web3 infrastructure company and developer of the Sui Layer 1 blockchain, raised $300M in Series B funding.
The round, which values the company at more than $2 billion, was led by FTX Ventures, with participation from a16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, Coinbase Ventures, Circle Ventures, Lightspeed Venture Partners, Sino Global, Dentsu Ventures, Greenoaks Capital, and O’Leary Ventures.The company intends to use the funds to continue building out the core infrastructure to power web3’s next wave of applications and accelerate the adoption of the Sui ecosystem.Led by CEO Evan Cheng and CTO Sam Blackshear, Mysten Labs provides Sui, a decentralized, proof of stake blockchain designed to enable creators and developers from gaming to social media to finance to build experiences that cater to the next billion users in web3. The platform brings users a general-purpose blockchain with high throughput, instant settlement speeds, rich on-chain assets, and user-friendly web3 experiences. 08/09/2022
