Alchemyst AI Raises $300K Pre-Seed Funding Led by Inflection Point Ventures

Gen-AI SaaS start-up Alchemyst AI has raised $300K in a pre-seed round led by Inflection Point Ventures, along with 100Unicorns & Early Seed Ventures.

Alchemyst AI will use the funds to enhance GPU (graphics processing unit) and technology infrastructure, support team development, scale operations, and drive growth.

Founded in 2023 by Uttaran Nayak and Anuran Roy, Alchemyst AI is disrupting AI automation & enterprise productivity developing digital employees that work together to create intelligent functional components for mid-sized to large enterprises.

“At Alchemyst AI, we are pioneering the development of fully autonomous gen-AI digital employees which can interact with each other and perform highly intelligent functional components across enterprise teams,” said Uttaran Nayak, Co-Founder & CEO, Alchemyst AI.

"We are crafting the future of workforce and spearheading the next industrial revolution. These gen-AI digital employees democratize the entire workforce without human intervention at any stage.

"Over the past 12 months, we have had a unique vantage point as we have watched the bot/agent/AI digital employee landscape evolve and transform. We also observed that most of the application layer companies are dependent on generic foundational models to carry out automation in the workforce."


He said these dependencies often slow down a company's scalability and make it defenseless and vulnerable. Alchemyst AI has been designed to solve these challenges, with a strong technological understanding & non-dependency on any generic LLM models.

Alchemyst AI features adaptive and continual learning, enabling its digital employees, or "Alchemysts," to autonomously gather context based on the data provided by users, who control this input to influence performance.

“In this rapidly moving world, businesses face significant challenges in managing team productivity and delivering exceptional customer experiences, with traditional methods work produced may be inefficient, leading to missed opportunities and stagnant growth," said Vikram Ramasubramaniam, Partner, Inflection Point Ventures.


"Alchemyst AI addresses these pressing issues by harnessing the power of generative AI to develop digital employees that automate routine tasks, allowing teams to focus on high-value activities. Furthermore, it understands that for its solutions to be scalable and effective, it needs robust security. By prioritizing these aspects, Alchemyst AI has positioned itself to revolutionize the way businesses operate, by supporting the future of work.”

Dr. Apoorva Ranjan Sharma, Cofounder, 100Unicorns added, "At 100unicorn, we strongly believe in the impact of Generative AI in transforming everyday lives. We have further strengthened our investment strategy in this space with Alchemyst AI. The startup has created virtual employees with human-like capabilities that can seamlessly integrate into business workflows, creating a smarter, more intelligent, and more efficient workforce in the future."

Alchemyst AI is about to expand across major global markets, including India, the USA, MENA (Middle East), and South East Asia even as the global market for Generative AI is expected to grow substantially to $330 billion by 2030.

The current market size is estimated at $3 billion in India and $37 billion globally. This upward trajectory underscores the immense potential and demand for innovative solutions within the Generative AI industry, positioning startups like Alchemyst AI for substantial opportunities in the coming years.- TWL Bureau