Fundraising Fox
/Companies
Sign in

Alchemy

YC S14

Waterloo, CA · Founded 2013 · 25 employees · 6 known investors

Find your way into Alchemy

Sign up to see every warm intro you have to Alchemy

  • Paths you didn't know you had: your email and LinkedIn already hold routes to the Alchemy team. We find them for you
  • 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
  • Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

Sign up with GoogleAlready have an account? Log in

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 USA, Inc. · Neverfrost USA, Inc., Alchemy Labs Inc. · 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 DesaiCo-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 ShenCTO, 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 · 6

Newfund Capitallisted by Newfund CapitalParis · $250K – $2M

How we know: Newfund Capital's portfolio page · Not right? Tell us

Wind Venturelisted by Wind VentureParis · $100K – $5M

How we know: Wind Venture's portfolio page · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · Not right? Tell us

AdditionreportedNew York

How we know: funding news · Not right? Tell us

Applied Angelsreported

How we know: Y Combinator's founder network · Not right? Tell us

Funding

SEC filings, press & company announcements

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

Founder mafia

3 people who came through Alchemy went on to found or lead other companies.

Khanjan DesaiCEOFounded AlchemyChong ShenFounderFounded AlchemyZac YoungResearch and Development AssistantFounded H2nano-2

Related companies · 6

SinterSinter operates a US-based plastics manufacturing pipeline using additive technologies, helping hardware teams move from 3D-printed prototypes to production parts on week-scale timelines.
83 Sciences83 Sciences converts unpublished experimental research data into academic papers, patents, and commercialization opportunities for research organizations. The platform captures laboratory data and uses AI to identify valuable findings within discarded experimental datasets.
KaraKara engineers single-crystal diamond, handling growth in its own reactors as well as processing and characterization in-house. Its diamond materials target thermal management, power electronics, quantum sensing, photonics, quantum networks, and characterized research substrates.
Alchemy Cloud Inc.Alchemy 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.
DuraniumDuranium develops reactor technology that modernizes carbochlorination metallurgy to produce titanium, magnesium, aluminum, zirconium, and hafnium with reduced emissions and lower costs while securing critical minerals for U.S. manufacturing independence.
Maple MaterialsMaple Materials uses electrolysis to convert carbon dioxide into graphite and oxygen, producing battery-grade anode material at potentially lower cost than conventional graphite. When powered by renewable energy, the process can operate with net negative carbon emissions.

Companies working in the same space as Alchemy.

Legal entities · 2

corporate structure
Neverfrost USA, Inc.
Neverfrost USA, Inc., Alchemy Labs Inc.

In the news

Alchemy Raises $6M in Fundingfinsmes.com · Sep 2025

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 FundersClub, Newfund Capital, Wind Venture, Y Combinator, Addition, Applied Angels.
Where is Alchemy headquartered?
Alchemy is headquartered in Waterloo, CA.