Before joining Matter Labs, Murugesan held the position of vice president of international and business development at Coinbase, a role he assumed in January 2022. Prior to his tenure at Coinbase, Murugesan held various positions at Snap Inc., Samsung Electronics, and The Boston Consulting Group.
Matter Labs recently secured a $200 million funding round in November 2022, elevating its valuation to an estimated range of $800 million to $1.2 billion, according to estimates by Dealroom. The project was backed by a pool of investors, including a16z, Blockchain Capital, Dragonfly Capital, and Lightspeed Venture Partners.
