# Mysten Labs

**Source:** https://www.startuphub.ai/startups/mysten-labs
**Profile type:** Startup

> Web3 infrastructure company building the Sui Layer 1 blockchain for high throughput and low-cost transactions.

## About

Mysten Labs is a Web3 infrastructure company founded by former Meta engineers who were instrumental in the development of the Diem blockchain and the Move programming language. They are building the Sui Layer 1 blockchain, designed for high throughput and low-cost transactions, with the goal of onboarding the next billion users to Web3.

## Key facts

- **Slug:** mysten-labs
- **Website:** https://mystenlabs.com/
- **Location:** Menlo Park, United States
- **Founded:** 2021-09-01
- **Employees:** 209
- **Operating status:** Active
- **Total funding:** $351M
- **Sectors / tags:** Web3, Blockchain, DeFi, Layer 1 Blockchain, Fintech, Developer Tools, Infrastructure
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/mysten-labs
  - Twitter: https://x.com/SuiNetwork
  - GitHub: https://github.com/MystenLabs

## Frequently asked

### What does Mysten Labs do?

Mysten Labs is a Web3 infrastructure company founded by former Meta engineers who were instrumental in the development of the Diem blockchain and the Move programming language. They are building the Sui Layer 1 blockchain, designed for high throughput and low-cost transactions, with the goal of onboarding the next billion users to Web3.

### What is Mysten Labs's revenue?

StartupHub estimates Mysten Labs's annual revenue at $33.6M (range $30.7M to $38.4M, 27% confidence), based on comparable companies in the sector.

### What is Mysten Labs's valuation?

StartupHub estimates Mysten Labs's effective valuation at $1.2B (range $868.9M to $1.6B, 25% confidence), based on comparable companies in the sector.

### How much funding has Mysten Labs raised?

Mysten Labs has raised a total of $351M in funding. The most recent round on record is Venture Round.

### Where is Mysten Labs headquartered?

Mysten Labs is headquartered in Menlo Park, United States.

### When was Mysten Labs founded?

Mysten Labs was founded in 2021.

### What industry does Mysten Labs operate in?

Mysten Labs operates in Web3, Blockchain, DeFi, Layer 1 Blockchain, Fintech, Developer Tools.

### How many employees does Mysten Labs have?

Mysten Labs has approximately 209 people on record.

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