Pre-seed funding led by Inflection Point Ventures, 100Unicorns, and Early Seed Ventures has brought $300K to the Gen-AI SaaS startup Alchemyst AI.
The funds will be utilized to support team development, scale operations, spur growth, and improve the GPU (graphics processing unit) and technology infrastructure.
Developed by Uttaran Nayak and Anuran Roy in 2023, Alchemyst AI creates intelligent functional components for mid-sized to large enterprises by training digital employees.
With the global market for generative AI predicted to grow to $330 billion by 2030, the startup is set to expand into major markets across the globe, including South East Asia, MENA (Middle East), USA, and India.
Market research estimates that the current size of the Gen-AI market is $3 billion in India and $37 billion worldwide. Startups like Alchemyst AI are positioned for significant opportunities in the upcoming years thanks to this upward trajectory, which highlights the enormous potential and demand for creative solutions within the generative AI industry.
