Alchemy conjures up $15m

Dec 18, 2019 • Callum Cyrus

Stanford University joined StartX to back Alchemy, a blockchain protocol company founded by two of its alumni.

US-based blockchain infrastructure technology developer Alchemy emerged from stealth yesterday with $15m in series A funding from investors including Stanford University and its StartX accelerator program.
The round was led by investment firm Pantera Capital and also included digital currency exchange operator Coinbase and consumer electronics producer Samsung, in addition to SignalFire, Mayfield, Kenetic, Dreamers and assorted angel investors.
Founded in 2017, Alchemy has launched a development protocol that enables enterprises to build blockchain-powered software applications for a…

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