Alchemy provides lab automation and scientific AI solutions that enable chemists and material scientists to run fully digital labs, collect complete digital data, and enhance R&D processes. The platform reduces product development time by 50% and testing time by 80%, facilitating faster commercialization in the specialty chemicals industry.
Funding
$11.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Applied science teams often struggle with fragmented data, manual processes, and limited visibility into lab activities, hindering their ability to efficiently develop and test new products. This results in longer product development cycles, increased testing times, and slower commercialization of innovations.
Solution
Alchemy provides an end-to-end operating system for applied science teams, integrating digital lab automation, commercial acceleration tools, and scientific AI to streamline research and product development. The platform combines the functionalities of ELN, LIMS, and PLM systems, enabling teams to manage all lab work in a fully digital environment and collect comprehensive data. By interconnecting data and applying scientific AI models, Alchemy facilitates faster product development, reduces testing time, and enhances collaboration between lab and commercial teams. This allows for better product design, quicker time-to-market, and real-time visibility into relevant lab activities for sales and technical services.
Target Audience
Alchemy primarily targets R&D, product development, quality control, and technical service teams within applied science industries such as personal care, building materials, CASE (coatings, adhesives, sealants, and elastomers), food & beverage, industrial chemicals, energy, and plastics & packaging.
Features
- Digital Lab Automation: Combines ELN, LIMS, and PLM functionalities for end-to-end lab management.
- Commercial Acceleration: Provides real-time visibility into lab work for sales and technical services, enabling faster commercialization.
- Artificial Intelligence: Employs scientific AI models to recommend formulations and predict technical and functional properties.
- Centralized Data: Collects 100% digital data, eliminating the need for manual data entry and reducing time spent searching for information.
- Cross-functional Alignment: Facilitates collaboration and continuous improvement across different teams.