When was Alchemyst founded?

Alchemyst was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is Alchemyst located?

Alchemyst is headquartered in Bengaluru, India. It is registered at 3rd Floor, Flat 3/A, 20 P C Ghosh Road, Patipukur, North 24 Parganas, Patipukur, West Bengal, India, 700048.

Who is the current CEO of Alchemyst?

Uttaran Nayak of Alchemyst. They have also founded 1 company.

Which legal entities is Alchemyst associated with?

Alchemyst is associated with XALCHEMYST TECHNOLOGIES PRIVATE LIMITED.

How many employees does Alchemyst have?

As of Apr 30, 2026, the latest employee count at Alchemyst is 28.

Is Alchemyst a funded company?

Alchemyst is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Aug 30, 2024.

How much is Alchemyst worth?

The latest valuation of Alchemyst is ₹***** as of May 07, 2025.

When was the latest funding round of Alchemyst?

Alchemyst's latest funding was a $***** Seed round on Aug 30, 2024, with participation from 31 investors.

Where does Alchemyst rank among its competitors?

Alchemyst ranks 59th amongst 372 active competitors, of which 53 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Upstage, which secured $122M in Apr, 2026.

Who are the top competitors of Alchemyst?

Alchemyst's top competitors include UiPath, WorkFusion and Blue Prism. Among them, Upstage secured the most recent funding round in April, 2026.

Alchemyst - 2026 Company Profile, Team, Funding & Competitors

Alchemyst is a seed company based in Bengaluru (India), founded in 2023 by Uttaran Nayak and Prithwijit Dey. It operates as a Provider of AI agent development platform enhancing conversational AI. Alchemyst has raised $347K in funding from Inflection Point Ventures, with a current valuation of ₹*****. The company has 372 active competitors, including 53 funded and 21 that have exited. Its top competitors include companies like UiPath, WorkFusion and Blue Prism.

Company Details

Provider of AI agent development platform enhancing conversational AI. It offers a platform enabling developers to build AI agents that learn from interactions, providing context-rich responses and reducing LLM costs. The platform integrates seamlessly with existing AI solutions, including OpenAI, Claude, and Gemini. It provides options for effortless integration via a managed service or through APIs for customized development. The platform focuses on improving AI response accuracy and personalization by leveraging historical context and user preferences.

Website: getalchemystai.com
Social
Email ID: *****@gmail.com, *****@getalchemystai.com
Registered Address: 3rd Floor, Flat 3/A, 20 P C Ghosh Road, Patipukur, North 24 Parganas, Patipukur, West Bengal, India, 700048

Key Metrics

Founded Year

2023

Location

Bengaluru, India

Stage

Seed

Total Funding

$347K in 1 round

Latest Funding Round

Seed, Aug 30, 2024, $*****

Post Money Valuation

₹***** as on May 07, 2025

Investors

Inflection Point Ventures & 30 more

Ranked

59^th among 372 active competitors

Employee Count

28 as on Apr 30, 2026

Similar Companies

Mirage & 1425 more

View Alchemyst's full profile

Alchemyst is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
XALCHEMYST TECHNOLOGIES PRIVATE LIMITED CIN: U62011WB2024PTC270934 , India, Active	May 27, 2024	$12.5K (As on Mar 31, 2025)	-

Alchemyst has raised a total funding of $347K over 1 round. Its latest funding round was a Seed round on Aug 30, 2024 for $*****. 31 investors participated in its latest round. Alchemyst has 5 institutional investors and 26 angel investors.

Here is the list of recent funding rounds of Alchemyst:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 30, 2024	8511857	Seed	9729712	1901186	3227801	7026244

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View details of Alchemyst's funding rounds and investors

The founders of Alchemyst are Uttaran Nayak and Prithwijit Dey. Uttaran Nayak is the CEO of Alchemyst.

Here are the details of Alchemyst's key team members:

Uttaran Nayak: Co-Founder & CEO of Alchemyst. They serve on the board of 1 company.
Contact Info: 1 email address
Prithwijit Dey: COO of Alchemyst.
Contact Info: 1 email address

Alchemyst's Board of Directors

Alchemyst's board has 2 active members. Uttaran Nayak and Anuran Roy are part of team.

Here is the list of Alchemyst's board of directors:

Name	Type	Representing	Status	Duration
Uttaran Nayak	Team	-	Current	1y 11m
Anuran Roy	Team	-	Current	1y 11m

View details of Alchemyst's Founder profiles and Board Members

Alchemyst's employee count trend

Alchemyst has 28 employees as of Apr 26. Here is Alchemyst's employee count trend over the years:

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Top competitors of Alchemyst include UiPath, WorkFusion and Blue Prism. Here is the list of Top 10 competitors of Alchemyst, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	UiPath 2005, New York City (United States), Public	Provider of a platform for agentic automation and AI solutions	$1.96B	Coatue, Alkeon Capital Management & 45 others	75/100
2nd	WorkFusion 2010, New York City (United States), Acquired	Provider of robotic process automation and chatbot solutions to automate work processes	$411M	Georgian, Inovia Capital & 23 others	71/100
3rd	Blue Prism 2001, London (United Kingdom), Acquired	Cloud-based platform for cognitive automation	$30.5M	Herald Investment Management, Yorkshire Bank ... & 4 others	68/100
4th	ABBYY 1989, Milpitas (United States), Late Stage	Provider of intelligent automation software and solutions for document and process understanding	-	Marlin Equity Partners, Fujitsu	64/100
5th	Upstage 2020, San Jose (United States), Series C	Provider of AI platform for multiple task management	$285M	SBVA, Company K Partners & 21 others	64/100
6th	Automation Anywhere 2003, San Jose (United States), Series B	Provider of AI-based platform for robotic process automation	$840M	Goldman Sachs Investment Partners, SoftBank Vision Fund ... & 40 others	64/100
7th	Adept 2017, San Francisco (United States), Series B	Developer of AI-powered automation for software workflows and digital assistants	$415M	Spark Capital, Greylock Partners & 23 others	63/100
8th	Adya 2023, Mumbai (India), Seed	Cloud-based AI operating system that enables businesses to build and deploy customized AI agents and enterprise apps	$2.04M	IvyCap Ventures, Bobble AI & 65 others	62/100
9th	Kognitos 2021, San Jose (United States), Series B	Provider of AI interfaced business process automation and digital transformation services	$51.2M	Clear Ventures, Khosla Ventures & 6 others	62/100
10th	Lang 2012, Madrid (Spain), Acquired	Provider of an AI-based automation platform for customer support	$15M	Village Global, NavaMoney & 19 others	62/100
59th	Alchemyst 2023, Bengaluru (India), Seed	Provider of AI agent development platform enhancing conversational AI	$347K	Firstport Capital, 100Unicorns & 29 others	35/100

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Founders (largest shareholder) own 73.10%, Funds own 14.33%, Angels own 3.00% and ESOP Pool own 9.58%. The net worth of Alchemyst's founders is INR 12.5Cr as of May 07, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	73.10%	12.5Cr	5332593	3432979	1524447	3746346
Uttaran Nayak	1273491	5277480	6825443	2162746	6630849	4834820
Fund	14.33%	2.44Cr	3878437	6822312	1336269	5155656
100Unicorns	94338	85268	14937	85774	99413	45612
Inflection Point Ventures	0	0	0	0	0	0
Angel	3.00%	51.1L	87	21	23	62
ESOP Pool	9.58%	1.63Cr	3150895	8908852	2312522	9299022
Total	100.00%	17Cr	2916217	5778105	6985049	6794252