Mysten Labs, a company founded by former Meta employees that worked on the Novi project, raised $300 million in its latest Series B funding round.
The round, which was led by FTX ventures, also had the support of A16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures, among others. The funds will be directed to continue growing Sui’s infrastructure and core, hiring in the Asia Pacific area for this task.Mysten Labs, a company founded by Meta’s former employees that worked on the Novi project, has achieved a significant milestone for its future.
The round was led by FTX Ventures and had the participation of many venture capital firms, including A16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, Coinbase Ventures, Circle Ventures, and Lightspeed Venture Partners, among others.This funding round allowed the company to reach a valuation of $2 billion. Mysten Labs explained that the funds will be used to keep growing its core and to hire aggressively all over the world, but mainly in the Asia Pacific area.
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