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Alchemy

YC S14

Waterloo, CA · Founded 2013 · 25 employees · 4 known investors

Find your way into Alchemy

523 people in our graph share verified history with the Alchemy team — schools, employers, funds. One of them is your warm intro.

Sam Lessinunlockedknows Khanjan Desai · together at Facebook (overlapped)
×2knows the team · via MIT
×4knows the team · via Facebook
×5knows the team · via Harvard Medical School

Alchemy develops vertically integrated nanotechnology solutions for high-value applications across various industries. The company focuses on fundamental nanotechnology innovations to solve major problems and delivers ready-to-use end products rather than components.

Also known as Neverfrost

Advanced ManufacturingDeep TechDefense TechHardwareNew MaterialsRoboticsAdvanced MaterialsDefenseAutomotiveCanadaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (S14)

Alchemy was founded in 2013 by Khanjan Desai and Chong Shen.

KDKhanjan Desai
Khanjan DesaiinCo-founder · CEOKhanjan Desai is a nanotechnology engineering graduate from the University of Waterloo (2013) who has held research positions at Harvard Medical School focusing on cryopreservation and microfluidics, and previously worked at Facebook on growth analytics and marketing.
CSChong Shen
Chong SheninCTO, Co-Founder (Exited & IPOed)2013–2024Chong Shen is founder and CTO of Alchemy, a nanotechnology company developing end-product solutions for high-value industrial applications. He has conducted research at MIT and Harvard.

Investors · 4

Newfund CapitalParis · $250K – $2M
Wind VentureParis
Y CombinatorSan Francisco · $500K
AdditionreportedNew York · $1M – $500M

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Competitors · 1

by search overlap
Alchemy Cloud Inc.9 shared keywordsAlchemy provides a Product Development Platform including electronic lab notebooks, laboratory information management systems, and artificial intelligence tools that help chemists and material scientists accelerate research, product development, and quality control. The platform integrates with CRM, ERP, and lab equipment systems to digitize core lab processes and improve throughput.

Companies competing with Alchemy for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Alchemy Investments seeks one-year SPAC deadline extension | ALCUF SEC Filing - Form PRE 14Astocktitan.net · Jul 2026Alchemy Raises $6M in Fundingfinsmes.com · Sep 2025Alchemy Secures $200M at $10.2B Valuation | Financial ITfinancialit.net · Jan 2023Alchemy raises $80M at a $505M valuation to be the ‘AWS for blockchain’ | TechCrunchtechcrunch.com · Apr 2021Alchemy Raises $80 Million Series B Funding at ½ Billion Dollar Valuation to Power the Blockchain Industryprnewswire.com · Apr 2021Clojure Alchemy: Reading, Evaluation, and Macrosbraveclojure.com · Jun 2017

Frequently asked questions

What does Alchemy do?
Alchemy develops vertically integrated nanotechnology solutions for high-value applications across various industries. The company focuses on fundamental nanotechnology innovations to solve major problems and delivers ready-to-use end products rather than components.
Who founded Alchemy?
Alchemy was founded by Khanjan Desai, Chong Shen in 2013.
Who are Alchemy's investors?
Alchemy's investors include Newfund Capital, Wind Venture, Y Combinator, Addition.
Where is Alchemy headquartered?
Alchemy is headquartered in Waterloo, CA.