About Alchemy
Alchemy was founded in 2017 by Nikil Viswanathan and Joe Lau, who had previously worked on blockchain-adjacent projects and identified that most developers building decentralized applications spent an outsized share of their time and engineering effort simply managing the infrastructure needed to reliably read from and write to a blockchain, rather than building the actual application logic. Running and maintaining blockchain nodes at scale is technically demanding and prone to reliability and performance issues, and Alchemy's core product abstracts that complexity away by providing developers with a managed API layer for interacting with Ethereum and other blockchain networks, handling node infrastructure, scaling, and monitoring behind the scenes.
Beyond core node infrastructure, Alchemy has expanded into a broader suite of developer tools, including enhanced APIs for querying blockchain data more efficiently than raw node access allows, a testing and debugging environment, account abstraction and smart-wallet infrastructure aimed at making crypto wallets easier for mainstream users, and analytics dashboards for monitoring application usage and transaction activity. The company has positioned itself as foundational infrastructure across the web3 ecosystem, counting a large share of major decentralized finance protocols, NFT marketplaces, and crypto exchanges among its developer customer base, and has extended support beyond Ethereum to other major blockchain networks. Alchemy has raised substantial venture funding, including rounds led by Andreessen Horowitz, Coatue, and Lightspeed Venture Partners, reaching a valuation in the billions of dollars, and it competes with other blockchain infrastructure providers such as Infura, owned by Consensys, and QuickNode.
