Blockchain Firm Alchemy has announced the launch of its public application programming interface (API) after having raised $15 million in its Series A funding round.. On Dec. 17 a press release was published by the blockchain firm stating that Alchemy’s platform allows enterprises to build blockchain-based applications. In other words, Alchemy is reducing the friction for blockchain development, thereby accelerating blockchain’s inevitable trend. By using blockchain technology and the platform, customers can reliably and quickly create applications that can accelerate product development, integrate blockchain technology and greatly reduce costs. The following was included in a recent announcement on their website: “Alchemy, the San Francisco-based blockchain company, today announced the debut of its … Click HERE to find out ⭐ Alchemy Joins Forces With LoanPaymentPro to Provide Real-Time Funding & Payment Solutions. The journalism, reporting and commentary on. Share. Alchemy startup closed its first round of financing, during which it secure as much as $15 million. In a Series A funding round, Stanford University alongside top founders in Silicon Valley invested in Alchemy, a blockchain startup founded by two Stanford graduates. 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Sep. 2018. 2019. Today, Alchemy's platform currently powers hundreds of companies and enterprises, and serves over a million users weekly in over 200 countries globally. The company has garnered almost $15 million as a contribution from top business executives from notable companies. Alchemy’s platform claims to be orders of magnitude more reliable and scalable than existing alternatives and is designed around blockchain-specific developer tools in order to provide what it claims are best-in-class features. Instead of a 51% majority, boosted proposals require only a relative majority, eliminating gridlock. About Alchemy: Founded in 2017 by Nikil Viswanathan and Joe Lau, Alchemy is the leading provider of blockchain infrastructure and developer tools. 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