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Alchemy

“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?”

Founded2017
HQSan Francisco, CA
FoundersNikil Viswanathan, Joe Lau
Total raised$740M+
Latest roundSeries C1, February 2022
Valuation$10.2B post-money (February 2022)
IndustryInfrastructure / Blockchain developer platform
The story

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.

Last 12 months
2026-03
2026-01
Product timeline
2017
Founded as a blockchain infrastructure/API platform for developers building on Web3.· pivot
2021
Raised $250M Series C at $3.5B valuation; expanded node RPC infrastructure across major blockchains.· banking
2022
Raised $200M Series C1 at $10.2B valuation, becoming a decacorn; positioned as 'AWS of blockchain'.· pivot
2024
Launched Alchemy Bridge (cross-chain bridging) and Wallet products (embedded wallet infrastructure for developers).· banking
2025
Launched Cortex, described as the 'world's first intelligent blockchain engine', enabling 13x throughput gains; launched gasless transaction sponsorship and DeFi orchestration.· pivot
2026
Named founding node infrastructure partner for Solana Developer Platform (SDP), with Mastercard, Worldpay, and Western Union as early users.· acquisition
The stack
0 layers disclosed in Alchemy’s embedded-finance stack
Accounting gap: none