Alchemyst AI raises $300K in pre-seed round led by IPV and others

Gen-AI SaaS startup Alchemyst AI has raised $300K in its pre-seed round led by Inflection Point Ventures and 100Unicorns and Early Seed Ventures.

The proceeds will be used 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 develops digital employees to create intelligent functional components for mid-sized to large enterprises.

The startup 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.

According to market research, the current market size of Gen-AI 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.