“Can a blockchain developer-infrastructure company become the definitive enterprise platform for the entire on-chain application stack — from node RPC to wallets, rollups, AI agents, and institutional stablecoin rails?”
Founded in 2017, Alchemy set out to be the AWS for blockchain — providing reliable node RPC infrastructure and developer APIs for Web3 applications. After raising $740M+ and reaching a $10.2B valuation by early 2022, the company expanded well beyond raw node access into a full developer platform covering rollups, embedded wallets, cross-chain bridging, AI agents on-chain, and DeFi orchestration. In 2025–2026, Alchemy shifted toward institutional infrastructure with the launch of Cortex and its partnership with the Solana Developer Platform, serving Mastercard, Worldpay, and Western Union, signaling a deliberate move up-market from developer tooling to enterprise blockchain infrastructure.
The Embedded Finance Index 2026 maps 2 layers in Alchemy's stack: Spend / AP (Brex); Treasury (Brex Treasury).
Alchemy was founded by Nikil Viswanathan and Joe Lau and is founded in 2017, headquartered in San Francisco, CA.
Alchemy has raised $740M+ in total (latest round: Series C1, February 2022; valuation: $10.2B post-money (February 2022)).
Get a read on where your own stack stands against Alchemy and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.