S

Sui Foundation

Web3 development platform for on-chain assets

Overview

Sui Foundation provides a web3 development platform for creating and managing digital assets that function like interactive in-game items. The platform uses an object-centric data model where assets live directly on-chain rather than inside smart contracts, allowing for horizontal scaling and parallel processing to keep transaction fees low. Unlike many competitors, Sui ensures that assets remain under the exclusive control of their owners across all transaction types while allowing those assets to be modified or combined. The company's goal is to provide a secure, high-speed environment where developers can build complex applications with digital assets that are easy to own and trade.

Work here?Claim your company

About Sui Foundation

Simplify's Rating
Why Sui Foundation is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareCrypto & Web3

Company Size

51-200

Company Stage

Early VC

Total Funding

$8.6M

Headquarters

San Francisco, California

Founded

2022

Get referred to Sui Foundation

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • October 2026 Daya and OpenAssets integrations expand Sui into payments and tokenization.
  • DeepBook App launched with $20B+ trading volume, signaling deeper native liquidity.
  • Sui Foundation sponsorship of Hydropower and direct investments keep builders and infrastructure on-chain.

What critics are saying

  • May 28-29, 2026 halts exposed v1.72 fragility; another bug can freeze mainnet.
  • Repeated outages since November 2024 destroy institutional trust before regulated adoption arrives.
  • If Sui cannot prove reliability, Ethereum, Solana, and custodians absorb its tokenization thesis.

What makes Sui Foundation unique

  • Sui’s object-centric model enables programmable assets and parallel execution for finance.
  • October 1, 2026, Sui and OpenAssets launched OTAS under Linux Foundation Decentralized Trust.
  • Sui couples ~390ms finality with gasless stablecoin rails for settlement-heavy applications.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$8.6M

Above

Industry Average

Funded Over

1 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison Coming Soon

Benefits

  • Remote Work Options
  • Flexible Work Hours
  • Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

4%

2 year growth

9%
CryptoPotato
Oct 14th, 2026
SUI demand explodes as US ETFs rack up five straight weeks of inflows.

SUI demand explodes as US ETFs rack up five straight weeks of inflows. Around 14 million SUI have flowed into US ETFs over five weeks. Published on: Oct 14, 2026 @ 16:40 UTC Amid weakening demand for Bitcoin and Ethereum exchange-traded funds, US-listed SUI ETFs are moving in the opposite direction. The funds have recorded five consecutive weeks of inflows. Fresh catalysts. The funds have accumulated around 14 million SUI during that period. Several developments are adding to the momentum, according to the latest findings by Ali Martinez. These include AI agent payments, mobile USDC, Bitcoin finance, and cross-chain transfers, which are strengthening the network's outlook. With these catalysts gaining attention, the analyst said that "SUI appears to be preparing for its next leg higher." This week, the SuperTrend indicator also flashed a buy signal on its 4-hour chart. The last time a similar signal appeared, SUI rallied over 77%. Last week had a lot going on for Sui. One of the biggest highlights came at Basecamp, where the network reportedly handled over 40 million transactions per second during a live stress test, which is more than six times its previous record. The test simulated AI-agent activity using over 10,000 programmable tunnels, with transactions settled on Sui. Sui also announced a collaboration with Alibaba Cloud to bring cloud and AI inference services into its Agent Payments system. This could allow AI agents to pay for services using stablecoins within set spending limits. Another development involves Samsung Wallet. Sui is being integrated into its USDC offering, which targets 82 million eligible Galaxy devices in the United States. The integration will support stablecoin transfers without gas fees. Meanwhile, Sui's Bitcoin finance project, Hashi, is preparing for a phased mainnet rollout this month. It has secured over $500 million in capital commitments, attracted more than 20 participating institutions, and named Anchorage Digital as a launch partner. Circle's Cross-Chain Transfer Protocol V2 has also launched on Sui. This allows native USDC to move between Sui and 29 other supported blockchains, opening more options for payments and DeFi. You may also like: In yet another milestone, the network surpassed 5 billion total transactions. According to BSCN, the figure now stands at around 5.02 billion, putting it ahead of many major Layer 1 networks. Outages. While the network has reported 100% uptime over the past 30 days, it did face a few major setbacks earlier this year. In May, for instance, Sui suffered three major outages within 48 hours, resulting in more than 15 hours of downtime. Prior to that, a consensus bug halted block production and transaction processing for around five hours and 52 minutes in January. Validators eventually restored normal operations. SPECIAL OFFER (Exclusive) LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Yahoo Finance
Oct 14th, 2026
Sui eyes Samsung's 82M phones, Google Cloud AI proofs and 40.6M TPS test

Sui announced three developments at its Basecamp conference in Singapore, following a rally of nearly 50% in SUI's price in September. Samsung Wallet will integrate USDC transfers over Sui on 82 million US Galaxy devices. Users can send digital dollars without network fees or buying SUI first. Mysten Labs and Google Cloud are building Verifiable Agent Arbiter, which proves whether AI agents followed instructions. Cryptographic proofs are written to Walrus and Sui, while activity records stay private. Sui also reported 40.6 million transactions per second in a live stress test. The figure counts activity inside offchain tunnels that settle to its blockchain, not transactions executed directly on mainnet. More USDC activity does not automatically raise demand for SUI.

The Coin Rise
Oct 12th, 2026
DATA Network integrates with Sui and Walrus to build out AI training data supply chain.

DATA Network integrates with Sui and Walrus to build out AI training data supply chain. October 12, 2026 The move links a data-focused project with Sui's blockchain and the Walrus storage network to support sourcing and verification of AI training material. DATA Network has announced a partnership with Sui and Walrus to scale what it describes as the supply chain for AI training data. The announcement positions the project at the intersection of two fast-growing sectors: blockchain infrastructure and artificial intelligence development. Sui is a Layer-1 blockchain designed for high throughput and low-latency transactions. It has positioned itself as infrastructure for applications that require fast settlement and scalable data handling. Walrus is a decentralized storage protocol built on top of Sui. It is designed to handle large files, often called blobs, in a way that remains verifiable and resistant to tampering. By joining this ecosystem, DATA Network aims to address a persistent bottleneck in AI development. Training large language models and other AI systems requires enormous volumes of data. That data must be sourced, cleaned, labeled, and verified before it becomes useful for training purposes. Centralized data pipelines have faced criticism over transparency, provenance, and the ability to confirm where data originated. Blockchain-based storage and coordination layers offer an alternative approach. They can create auditable records of how data moves from source to training set. Walrus's role as a storage layer allows large datasets to be stored in a decentralized manner, rather than relying solely on centralized cloud providers. Sui's transaction infrastructure can support the coordination, payment, and verification steps that a data supply chain requires. The partnership reflects a broader trend of blockchain projects pursuing use cases tied to the AI boom. As demand for AI training data grows, so does interest in systems that can prove data integrity and track its lifecycle. Projects that combine decentralized storage with verifiable computation argue they can offer advantages over purely centralized alternatives, particularly around transparency and auditability. Details about the specific technical mechanisms DATA Network will use within the Sui and Walrus ecosystem were not disclosed in the available reporting. Neither source provided figures on data volume, timelines, or financial terms tied to the integration. The announcement centers on the structural collaboration between the three parties rather than on quantified outcomes. The story was reported by Brave New Coin and Finbold within minutes of each other on October 12, 2026. Both outlets described the same core development: DATA Network's integration with Sui and Walrus to scale AI training data infrastructure. Market impact. For the Sui ecosystem, the addition of a data-focused project could reinforce its positioning as infrastructure for AI-adjacent applications, a narrative that has drawn increased attention across the broader crypto market. Walrus stands to benefit from expanded use cases for its storage layer, particularly if demand for verifiable AI training datasets grows alongside the wider AI industry's data needs. The broader implication touches on how blockchain infrastructure intersects with AI development. If decentralized storage and coordination layers prove effective for managing training data supply chains, other AI-focused projects may look to similar blockchain integrations. However, the available reporting does not include metrics on adoption, data throughput, or market reaction, so the practical scale of this impact remains to be seen. The integration marks another step in blockchain projects aligning with AI infrastructure needs, though further details on scale and execution will determine its broader significance. Frequently asked questions. What is DATA Network? DATA Network is a project focused on building supply chain infrastructure for AI training data, according to the reporting on this integration. What roles do Sui and Walrus play in this partnership? Sui is a Layer-1 blockchain providing transaction and coordination infrastructure, while Walrus is a decentralized storage protocol built on Sui designed to handle large data files. Why does AI training data need a blockchain-based supply chain? AI models require large volumes of sourced, verified data, and blockchain infrastructure can offer auditable records of how that data is collected and distributed. Were financial or technical details of the integration disclosed? The reporting available did not include specific figures, timelines, or financial terms tied to the DATA Network, Sui, and Walrus collaboration.

COINS NEWS
Oct 9th, 2026
Sui and Alibaba Cloud want AI agents paying their own cloud bills in stablecoins.

Sui and Alibaba Cloud want AI agents paying their own cloud bills in stablecoins. TL;DR: Sui and Alibaba Cloud are working on an integration that would let AI agents pay for cloud services per request using stablecoins within budgets set by their owners. The collaboration was unveiled at Sui Basecamp and remains under development, with no public launch date yet. The next stablecoin user may not be a person. Sui and Alibaba Cloud are working on a payments model that would allow autonomous AI agents to pay for cloud resources one request at a time without asking a human to approve every transaction. The collaboration was unveiled at Sui Basecamp in Singapore. The concept connects Alibaba Cloud services with Sui Agent Payments, a framework in which the owner of an AI agent sets an on-chain budget and spending limits. Once those rules are in place, the agent can make individual cloud or inference calls and settle the cost in stablecoins. That turns the normal cloud billing model on its head. Instead of a company receiving a monthly invoice for a pool of API and computing usage, each action can become its own programmable payment. The user still controls the budget. The agent controls spending inside that boundary. That distinction is important because autonomous payments are one of the practical bottlenecks facing AI agents. Software can already decide to call an API, order a task or request computing resources. But if every action requires a human to enter card details or approve an invoice, the agent is not truly operating autonomously. Stablecoins are particularly well suited to machine payments because they can move around the clock, settle programmatically and be divided into very small amounts. Sui's role is to provide the blockchain execution and payment logic around those transactions. Alibaba Cloud brings the actual services an agent might need to purchase, including compute and other cloud resources. The partnership is not a live commercial service yet. No launch date, price schedule or first customer has been announced. That makes it important not to confuse the demonstration with a finished product. But the model is worth watching because it connects two technologies that have often been discussed separately. AI agents need money. Stablecoins need useful transactions. A cloud service that can be purchased automatically creates a clear reason for an agent to hold and spend a digital dollar. There are also obvious controls that need to work. An autonomous agent with an unlimited wallet is a security nightmare. Budget limits, permissions and transaction rules therefore become as important as the payment rail itself. Sui Agent Payments is being designed around that idea, with owners defining the amount an agent is allowed to spend before it starts acting. If the model eventually reaches production, the most interesting part may be how little the user thinks about blockchain. A company gives software a budget. The software buys the computing resources it needs. Stablecoins settle the bill underneath. That is much closer to infrastructure than speculation, and it may be where machine-to-machine crypto payments start to make sense. Cryptocurrency investment tips

Crypto-Economy
Oct 9th, 2026
Sui launches Hashi with $500M commitments to power Bitcoin lending.

Sui launches Hashi with $500M commitments to power Bitcoin lending. * Guido Battigelli * Published: October 9, 2026 * 2:50 pm * Updated: October 9, 2026 * 2:50 pm Table of Contents * Sui will launch Hashi, an institutional protocol that will allow Bitcoin holders to use BTC as collateral for loans without moving their coins off the Bitcoin blockchain. * The project has secured $500 million in capital commitments from more than 20 partners. Its mainnet rollout will begin in phases throughout October. * Hashi will use multisignature vaults on Bitcoin and issue hBTC on Sui to support lending and other financial activities. Sui announced the launch of Hashi, a protocol designed to allow institutions and businesses to use Bitcoin as loan collateral without moving their BTC to another blockchain. The initiative has already secured $500 million in capital commitments from more than 20 industry partners. These commitments do not yet represent actual deposits, but the capital is intended to provide liquidity once the protocol begins operating. Its mainnet deployment will take place in phases throughout October. Sui aims to expand institutional access to bitcoin-backed loans. According to Sui's estimates, approximately $1 trillion in Bitcoin remains unused in financial applications. Hashi aims to offer holders an alternative to access financing without selling their assets. Participants include Anchorage Digital, which will provide stablecoin liquidity from launch. Its CEO, Nathan McCauley, noted that publicly traded companies and institutions hold large amounts of Bitcoin, but existing tools have limited their ability to use those holdings as capital. The protocol is designed for institutional lending, corporate financing, and other applications that require verifiable collateral. How Hashi will work. Users will deposit their BTC into a custody address directly on the Bitcoin blockchain. The funds will be secured by a 2-of-2 multisignature system, requiring cryptographic authorization from both Hashi validators. An independent monitoring layer will oversee collateral movements to detect suspicious activity. For each deposit, Hashi will issue hBTC on Sui, a token backed by the locked Bitcoin. Users will be able to use it in lending applications, credit markets, and transactions involving real-world assets. To recover their BTC, users must burn the corresponding hBTC. This process will allow the original Bitcoin to be released on its native network. The Sui protocol has also undergone security reviews. Certora formally verified its smart contracts, while CommonPrefix examined the cryptography used in its multi-party computation (MPC) system. CryptoNews TL;DR XRP Ledger activated PermissionDelegationV1_1, an upgrade that allows transactions to be authorized through secondary accounts without sharing primary keys. Businesses can separate payment and CryptoNews TL;DR The crypto lending market has grown by more than 55% since July, reaching approximately $56 billion in total value locked. The Kelp DAO exploit CryptoNews TL;DR Flare CEO Hugo Philion challenged Ripple CTO David Schwartz, claiming he underestimates the real potential of XRP lending. Through Protocol Managed Wallets and Flare Cardano News TL;DR Cardano marked its ninth anniversary in September and completed integrations with Fireblocks, Mastercard, and the x402 SDK for AI agent payments. More than 500,000 Solana News TL;DR The Solana Foundation launched Solana DvP, an open-source settlement program that reduces settlement times from days to seconds. JPMorgan contributed decades of settlement expertise TL;DR Coinbase completed on October 1, 2026 the migration of its international exchange to Deribit, leaving the previous platform in read-only mode. Affected institutional clients Follow Crypto Economy on Social Networks Crypto Tutorials Crypto Reviews

Recently Posted Jobs

Sign up to get curated job recommendations

Sui Foundation is Hiring for 1 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs