- San Francisco-based blockchain company Alchemy announced the debut of its infrastructure platform that enables enterprises to easily build real-world applications on top of blockchain technologies
San Francisco-based blockchain company Alchemy announced the debut of its infrastructure platform that enables enterprises to easily build real-world applications on top of blockchain technologies — announced it has raised $15 million in Series A funding from a group of renowned institutional investors and individual investors including Pantera Capital, Stanford University, Coinbase, Mayfield, SignalFire, Samsung, StartX, Kenetic, Dreamers, Charles Schwab (founder of Charles Schwab) John Hennessy (chairman of Google), Reid Hoffman (founder of LinkedIn), Tom Glocer (former CEO of Thomson Reuters), and Jerry Yang (founder of Yahoo). With this round of funding, Alchemy is planning to accelerate the company’s continued expansion into international markets.
Launched in 2017 by Stanford classmates Nikil Viswanathan and Joseph Lau along with a team of industry veterans from Facebook, Google, Microsoft, Stanford, and MIT, Alchemy quickly and quietly grew to become the globally leading blockchain infrastructure platform thus powering hundreds of diverse businesses and serving over a million users weekly in over 200 countries globally.
“Joe and I have seen that historically, great developer infrastructure was the catalyst for mainstream adoption of new technologies. The invention of the operating system brought computers to billions of people around the world,” said Viswanathan.
Alchemy is essentially on a mission to provide the critical infrastructure and tools that are essential to enabling mainstream blockchain adoption. And now Alchemy currently works with the largest and most prominent companies and enterprises that use blockchain. Their customers operate across every sector, including finance, healthcare, gaming, entertainment, etc.
The Alchemy platform provides developers with a revolutionary new blockchain infrastructure that is orders of magnitude more reliable, scalable, and performant than existing alternatives as well as powerful blockchain-specific developer tools. And by utilizing the platform, customers are able to greatly accelerate their product development and integrate with blockchain technologies while also drastically reducing costs.
“We realized blockchain technology would develop in the same way, so we’re working to enable mainstream adoption by providing the industry with the high-quality infrastructure and developer tools that it needs,” added Lau.
Alchemy’s investors — many of which played key roles in earlier technological shifts — have also reinforced the belief that the company’s infrastructure is critical to the success of the blockchain industry.
“I’ve been closely involved in companies that shaped the earlier internet like Google,” explained Hennessy. “What Alchemy is doing in blockchain has the potential to be similarly transformational, and Nikil and Joe have the deep technical background and proven entrepreneurial track record to make it happen.”
