Alchemyst AI Secures $300K in Pre-Seed Round
Alchemyst AI, a Bengaluru, India-based Gen-AI SaaS startup, has secured $300,000 in pre-seed funding.
Alchemyst AI, a Bengaluru, India-based Gen-AI SaaS startup, has secured $300,000 in pre-seed funding.
Investors
The round was led by Inflection Point Ventures (IPV), with participation from 100Unicorns and Early Seed Ventures.
Inflection Point Ventures, founded in 2018, is an early-stage angel investing platform that offers financial and non-financial support. With over 14,000 angel investors, IPV operates across India and globally. Since its inception, IPV has invested in 250+ startups across various sectors, such as healthcare, AI, education, and logistics, ensuring a broad, unrestricted investment approach.
Alchemyst AI Use of Funds
The funding will be used to enhance GPU and technology infrastructure, support team development, and scale operations as Alchemyst AI prepares to expand into key markets, including India, the USA, MENA, and Southeast Asia.
About Alchemyst AI
Founded in 2023 by Uttaran Nayak and Anuran Roy, Alchemyst AI focused on developing digital employees, AI-driven agents designed to perform intelligent functional tasks for mid-sized to large enterprises. These digital employees, also known as “Alchemysts,” autonomously gather data context, adapt, and continuously learn. Its proprietary Large Language Model, AlchemystC1, and Large Action Model (LAM), AlchemystX1, are transforming enterprise processes through advanced AI-driven automation.
Funding Details
Company: XAlchemyst Technologies Pvt. Ltd.
Raised: $300,000
Round: Pre-Seed
Funding Date: October 2024
Lead Investor: Inflection Point Ventures
Additional Investors: 100Unicorns, Early Seed Ventures
Company Website: https://getalchemystai.com/
Software Category: AI Automation and Digital Workforce Solutions
