Sep.16.2022, Singapore ------ Mysten Labs (“Mysten” or the “Company”), a web3 infrastructure firm and developer of the Sui Layer 1 blockchain, announced the initial close of its $300 million Series B funding round. This new capital values the Company at more than $2 billion. Mysten intends to use the proceeds from the round to continue building out the core infrastructure to power web3’s next wave of applications and accelerate the adoption of the Sui ecosystem. To make strides towards this mission, Mysten will keep hiring the best minds across the globe, with an important emphasis on the Asia Pacific region.
Mysten Labs is a company of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives of Meta’s Novi Research and lead architects of the Diem blockchain and Move programming language. The mission of Mysten Labs is to create foundational infrastructure for Web3.
To learn more: https://mystenlabs.com
Sui is the first Layer 1 blockchain designed from the ground up to enable creators and developers to build experiences that cater for the next billion users in crypto. Developed by Mysten Labs, Sui is horizontally scalable to support a wide range of dApp development with unrivaled speed at low cost. The first-of-its-kind platform brings users a general-purpose blockchain with high throughput, instant settlement speeds, rich on-chain assets, and user-friendly web3 experiences. Sui is a step-function advancement in blockchain, designed from bottom up to meet the needs of the next billion users in crypto.
For more information, visit: https://sui.io