Alchemy
File:Alchemy Web3 logo.png | |
Private | |
ISIN | 🆔 |
Industry | Blockchain |
Founded 📆 | 2017 |
Founders 👔 | Nikil Viswanathan and Joseph Lau |
Headquarters 🏙️ | , San Francisco, California |
Area served 🗺️ | |
Key people | Nikil Viswanathan, CEO |
Members | |
Number of employees | |
🌐 Website | www.alchemy.com/ |
📇 Address | |
📞 telephone | |
Alchemy is a private company headquartered in San Francisco, California. It provides software development tools and infrastructure services to blockchain companies.[1] Alchemy is used by most non-fungible token services[2] and is the most widely used brand of software development tools for creators of Web3 and blockchain services.[3] The company was founded in 2017. As of February 2022, it has raised $545.5 million in total venture capital investments.[4]
Corporate history[edit]
Alchemy was founded by Nikil Viswanathan and Joseph Lau in 2017[5] in their apartment.[4] The company was in stealth mode until December 2019,[6] when the software was taken out of beta.[1] It raised $15 million in venture capital funding in December 2019.[6] This was followed by $80 million in April 2021,[4] and $250 million in October 2021.[3] The $250 million investment valued the business at $3.5 billion.[3] In December 2021, Alchemy created a venture capital firm called Alchemy Ventures.[2] Alchemy Ventures finds startups in the blockchain ecosystem the firm believes are promising, then partners with investors for most of the financing.[2]
In February 2022, Alchemy raised another $200 million in venture capital.[4][7] This funding round valued the business at $10.2 billion.[4] Over the time between the Series C and Series C-1 (approximately three months), the number of Alchemy users tripled and Alchemy's services processed $105 billion in blockchain transactions annually, compared to $45 billion in October 2021.[4]
Software and services[edit]
Alchemy develops and markets tools and infrastructure services for blockchain companies.[1] It is an outsourced infrastructure company, similar to Amazon Web Services, but specialized for blockchain services.[2][6] Its business is similar to Microsoft, in that it provides a wide range of IT tools and services.[6] Most of the largest blockchains use Alchemy to operate their blockchain nodes,[2] which are replaced by Alchemy's software.[6] Alchemy has tools and services for analytics, monitoring, logging, APIs, and debugging.[5][6] It also offers a software development platform for blockchain developers.[3]
Alchemy is used by services like Ethereum-based cryptocurrency exchanges,[5] finance websites, or games,[6] and almost all non-fungible token services.[2] It is sold on a freemium business model where base services are free, but premium features are sold based on the amount of computing power used.[3][4]
References[edit]
- ↑ 1.0 1.1 1.2 More, Saniya (August 11, 2020). "Blockchain development platform Alchemy exits closed beta with official public launch". Yahoo Finance. Retrieved April 25, 2022.
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 Ehrlich, Steven (December 10, 2021). "Why A $3.5 Billion Crypto Firm Is Going To Invest In Its Own Clients". Forbes. Retrieved April 25, 2022.
- ↑ 3.0 3.1 3.2 3.3 3.4 Sternlicht, Alexandra (October 28, 2021). "Blockchain Developer Alchemy Raises $250 Million Series C At $3.5 Billion Valuation". Forbes. Retrieved April 22, 2022.
- ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 Azevedo, Mary Ann (February 8, 2022). "Alchemy, which aims to be the 'de facto platform' for developers to build on web3, is now valued at $10.2B". TechCrunch. Retrieved April 22, 2022.
- ↑ 5.0 5.1 5.2 "The Startup That Aims to Decrypt Blockchain for Business". Wired. December 17, 2019. Retrieved April 22, 2022.
- ↑ 6.0 6.1 6.2 6.3 6.4 6.5 6.6 Constine, Josh (December 17, 2019). "Alchemy is secretly fixing blockchain's node nightmare". TechCrunch. Retrieved April 25, 2022.
- ↑ Rooney, Kate (February 8, 2022). "Crypto start-up Alchemy tops $10 billion valuation amid blockchain funding frenzy". CNBC. Retrieved April 25, 2022.
External links[edit]
This article "Alchemy (blockchain software company)" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Alchemy (blockchain software company). Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.