Alchemyst - About the company
Alchemyst is a seed company based in Bengaluru (India), founded in 2023 by Uttaran Nayak and Prithwijit Dey. It operates as a Provider of an auditable context engine for artificial intelligence agents. Alchemyst has raised $1.35M in funding from Inflection Point Ventures, with a current valuation of ₹*****. The company has 465 active competitors, including 65 funded and 22 that have exited. Its top competitors include companies like UiPath, WorkFusion and Pinecone Systems.
Company Details
Provider of an auditable context engine for artificial intelligence agents. This technology functions as a persistent memory and data layer for autonomous systems. It enables applications to retain user preferences, business information, and operational context across sessions. By providing a verifiable infrastructure, the system ensures that retrieved information remains accurate and reliable for complex tasks. The architecture integrates with existing development stacks through application programming interfaces and software development kits. It supports multiple programming languages to facilitate the deployment of production-ready agents. The solution addresses the limitations of standard model context windows by managing data storage and retrieval independently. This approach allows developers to build agents capable of reasoning, planning, and executing tasks with consistent access to relevant historical information. The platform provides access control and streaming functionality to support continuous, personalized interactions within various professional environments.
- 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
$1.35M in 2 rounds
Latest Funding Round
Post Money Valuation
₹***** as on May 07, 2025
Investors
Ranked
65th among 465 active competitors
Employee Count
25 as on Jun 30, 2026
Legal entities associated with Alchemyst
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 | 0 - ₹10 Cr (As on Mar 31, 2025) | - |
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Alchemyst's funding and investors
Alchemyst has raised a total funding of $1.35M over 2 rounds. Its first funding round was on Aug 30, 2024. Its latest funding round was a Seed round on Jan 2025 for $*****. 2 investors participated in its latest round. Alchemyst has 8 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 |
|---|---|---|---|---|---|---|
Jan 2025 | 2305851 | Seed | 4940849 | 8866323 | 4571589 | 8126592 |
Aug 30, 2024 | 3663567 | Seed | 5402846 | 7777163 |
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Alchemyst's founders and board of directors
Founder? Claim ProfileThe 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 |
|---|---|---|---|---|
Team | - | Current | 2y 1m | |
Team | - | Current | 2y 1m |
View details of Alchemyst's Founder profiles and Board Members
Alchemyst's employee count trend
Alchemyst has 25 employees as of Jun 26. Here is Alchemyst's employee count trend over the years:
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Alchemyst's Competitors and alternates
Top competitors of Alchemyst include UiPath, WorkFusion and Pinecone Systems. Here is the list of Top 10 competitors of Alchemyst, ranked by Tracxn score:
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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 | 72/100 | |
2nd |  WorkFusion 2010, New York City (United States), Acquired | Provider of robotic process automation and chatbot solutions to automate work processes | $411M | 71/100 | |
3rd |  Pinecone Systems 2016, San Mateo (United States), Series B | Developer of a vector database for AI application production at scale | $138M | 70/100 | |
4th | Blue Prism 2001, Warrington (United Kingdom), Acquired | Cloud-based platform for cognitive automation | $30.5M | 68/100 | |
5th | Provider of an AI-based automation platform for customer support | $15M | 66/100 | ||
6th |  Upstage 2020, San Jose (United States), Series C | Provider of AI platform for multiple task management | $285M | 66/100 | |
7th |  ABBYY 1989, Milpitas (United States), Late Stage | Provider of intelligent automation software and solutions for document and process understanding | - | 65/100 | |
8th | VAST Data 2016, New York City (United States), Series F | Developer of an operating system unifying storage, database, and compute | $841M | 65/100 | |
9th | Automation Anywhere 2003, San Jose (United States), Series B | Provider of AI-based platform for robotic process automation | $840M | 64/100 | |
10th | Developer of vector search engine for AI retrieval and similarity matching | $87.8M | 63/100 | ||
65th | Provider of an auditable context engine for artificial intelligence agents | $1.35M | 49/100 |
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Alchemyst's Latest cap tables and shareholding
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 | 4604203 | 6957148 | 9970566 | 1154168 |
4628315 | 1157037 | 9932931 | 3046432 | 6140298 | 9205507 | |
Fund | 14.33% | 2.44Cr | 9848571 | 3830406 | 6049348 | 3337855 |
45179 | 17423 | 40518 | 53356 | 84539 | 18355 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Angel | 3.00% | 51.1L | 27 | 20 | 39 | 90 |
ESOP Pool | 9.58% | 1.63Cr | 7716637 | 2164015 | 4100157 | 7971026 |
Total | 100.00% | 17Cr | 6066939 | 8262707 | 5044312 | 4861844 |
To unlock detailed Cap Table of Alchemyst Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Alchemyst's Shareholding
Alchemyst's Investments and acquisitions
Alchemyst has made no investments or acquisitions yet.
Reports related to Alchemyst
Here is the latest report on Alchemyst's sector:
News related to Alchemyst
Media has covered Alchemyst for 1 event in last 1 year.
•
Building the Infrastructure for the Next Billion AI Agents: The Alchemyst AI Story of Uttaran NayakIndian Startup Times•Jun 10, 2026•Alchemyst, Inflexor, 100 Unicorns
•
Alchemyst AI Secures $300K in Pre-Seed RoundThe SaaS News•Oct 17, 2024•Alchemyst, Inflection Point Ventures, 100Unicorns, and 3 others
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