Graal is used for many more things than dynamically compiling Java. Besides others it's used for SubstrateVM (closed world AOT compilation) and Truffle languages like TruffleRuby, Graal.JS, FastR, Sulong(llvm integration) and our newest member Graal.Python.
Graal comes out of Oracle Labs. The build tool mx is short for Maxine, the spiritual predecessor of the Graal project. If you don't know mx it's quite intimidating and ugly. It's Python written by Java developers. But it does it's job coping with our not so standard building and testing requirements. No we don't run mx on Graal.Python yet, but we are working on it for full build tool metacircularity ;).