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| {{Infobox company | {{Infobox company | ||
| | name |
| name = AlchemyAPI | ||
| | logo = | | logo = | ||
| | type = ] | | type = ] | ||
| | traded_as = | | traded_as = | ||
| | foundation |
| foundation = {{Start date|2005}} | ||
| | defunct = {{End date|2020}} | |||
| | location_city |
| location_city = ] | ||
| | key_people = | |||
| | key_people = {{Unbulleted list|] (])}} | |||
| | num_employees |
| num_employees = | ||
| | industry |
| industry = ], ], ] | ||
| | homepage = {{URL|www.alchemyapi.com}} | |||
| | fate = Acquired by IBM and assimilated into its ] line of API products | |||
| | homepage = | |||
| }} | }} | ||
| '''AlchemyAPI''' |
'''AlchemyAPI''' was a software company in the field of ]. Its technology employed ] for various applications in ], such as semantic text analysis and sentiment analysis, as well as ]. AlchemyAPI offered both traditionally-licensed software products as well API access under a ] model.<ref name=official>{{cite web|url = http://www.alchemyapi.com/|title = AlchemyAPI|accessdate = February 11, 2014|archive-url = https://web.archive.org/web/20090921044923/http://www.alchemyapi.com/|archive-date = September 21, 2009|url-status = dead}}</ref><ref name="techcrunch">{{cite web|url=https://techcrunch.com/2013/02/07/alchemy-api-raises-2-million-for-neural-net-analysis-tech-on-par-with-ibm-watson-google/|title=AlchemyAPI Raises $2 Million For Neural Net Analysis Tech, On Par With IBM Watson, Google|last=Williams|first=Alex|date=February 7, 2013|publisher=]|accessdate=February 11, 2014}}</ref> After acquisition by ] in 2015, the products were integrated into the ] line of products and the brand name eventually disappeared. | ||
| ==Technology and business model== | ==Technology and business model== | ||
| As the name suggests, the business model of charging for access to an API was central to the company's identity and uncommon for its time: A '']'' article highlighted that even though the technology was similar to IBM's Watson, the pay-per-use model made it more accessible, especially to non-enterprise customers.<ref name="techcrunch" /> At one point, AlchemyAPI served over 3 billion API calls per month. | |||
| ==History== | ==History== | ||
| AlchemyAPI was founded by Elliot Turner<ref>{{Cite web|url=https://datainnovation.org/2014/01/5-qs-for-alchemyapi-ceo-elliot-turner/|title=5 Q’s for AlchemyAPI CEO Elliot Turner|first=Travis|last=Korte|website=Center for Data Innovation}}</ref> in 2005,<ref>{{Cite web|last=Golliher|first=Sean|date=2012-07-20|title=SemanticWeb.com "Innovation Spotlight" Interview with Elliot Turner, CEO of AlchemyAPI.|url=https://www.dataversity.net/semanticweb-com-innovation-spotlight-interview-with-elliot-turner-ceo-of-alchemyapi/|access-date=2021-08-21|website=DATAVERSITY|language=en-US}}</ref> and launched their API in 2009.<ref name=techcrunch/> | |||
| AlchemyAPI launched in 2009.<ref name=techcrunch/> | |||
| In September 2011, ProgrammableWeb added AlchemyAPI to its API Billionaires Club, alongside giants such as ] and ].<ref name=techcrunch/><ref name=programmable-web/> | In September 2011, ProgrammableWeb added AlchemyAPI to its API Billionaires Club, alongside giants such as ] and ].<ref name=techcrunch/><ref name="programmable-web">{{cite web|url=http://www.programmableweb.com/news/new-api-billionaire-text-extractor-alchemy/2011/09/16/|title=New API Billionaire: Text Extractor Alchemy|last=DuVander|first=Adam|date=September 16, 2011|publisher=]|accessdate=February 11, 2014}}</ref> | ||
| In February 2013, it was announced that AlchemyAPI had raised |
In February 2013, it was announced that AlchemyAPI had raised US$2 million to improve the capabilities of its deep learning technology.<ref name=techcrunch/><ref>{{cite web|url=http://www.alchemyapi.com/blog/2m-new-financing-hiring-several-c-engineers/|title = $2m In New Financing, Hiring Several C++ Engineers|publisher = AlchemyAPI|date = February 27, 2013|accessdate = February 11, 2014}}</ref><ref name=venturebeat>{{cite web|url=https://venturebeat.com/2013/02/07/funding-daily-decisions-decisions/|title = Funding Daily: Decisions, decisions|publisher = ]|date = February 7, 2013|accessdate = February 11, 2014}}</ref><ref>{{cite web|url = http://semanticweb.com/alchemy-api-raises-2m_b35276|title = Alchemy API raises $2 M|last = Guess|first = Angela|date = February 12, 2013|accessdate = February 11, 2014|publisher = semanticweb.com|archive-url = https://web.archive.org/web/20140225094307/http://semanticweb.com/alchemy-api-raises-2m_b35276|archive-date = February 25, 2014|url-status = dead}}</ref> In September 2013, it was reported that AlchemyAPI had created a ] app that could identify what a person was looking at, and that AlchemyAPI would soon be rolling out deep learning-based image recognition as a service.<ref>{{cite web|url=http://gigaom.com/2013/09/19/alchemyapi-says-its-delivering-google-level-deep-learning-as-a-service/|title = AlchemyAPI says it's delivering Google-level deep learning as a service|last = Harris|first = Derrick|date = September 19, 2013|accessdate = February 11, 2014|publisher = ]}}</ref><ref>{{cite web|url=http://www.technologyreview.com/view/519726/a-google-glass-app-knows-what-youre-looking-at/|title = A Google Glass App Knows What You're Looking At: An app for Google's wearable computer Glass can recognize objects in front of a person wearing the device.|last = Simonite|first = Tom|date = September 30, 2013|accessdate = February 11, 2014|publisher = ]}}</ref> | ||
| As of February 2014 (prior to the IBM acquisition), it claimed to have clients in 36 countries and process over 3 billion documents a month. In May 2014, it was reported that AlchemyAPI had released a computer vision API known as AlchemyVision, capable of recognizing objects in photographs and providing image similarity search capabilities.<ref>{{cite web|url=http://gigaom.com/2014/05/12/alchemyapi-rolls-out-deep-learning-based-computer-vision-as-a-service/|title = AlchemyAPI rolls out deep-learning-based computer vision as a service|last = Harris|first = Derrick|date = May 12, 2014|accessdate = July 18, 2014|publisher = ]}}</ref> | |||
| ⚫ | In March 2015, it was announced that AlchemyAPI had been acquired by IBM and the company's breakthroughs in deep learning would accelerate IBM's development of next generation cognitive computing applications. IBM reported plans to integrate AlchemyAPI's deep learning technology into the core Watson platform <ref>{{cite web|url=https://www-03.ibm.com/press/us/en/pressrelease/46205.wss#contact |archive-url=https://web.archive.org/web/20150304163647/http://www-03.ibm.com/press/us/en/pressrelease/46205.wss#contact |url-status=dead |archive-date=March 4, 2015 |title= IBM Acquires AlchemyAPI, Enhancing Watson's Deep Learning Capabilities |first= Jay|last = Stankiewicz|date = March 4, 2015|accessdate = April 14, 2015|publisher = ]}}</ref> | ||
| In May 2014, it was reported that AlchemyAPI had released a computer vision API known as AlchemyVision, capable of recognizing objects in photographs and providing image similarity search capabilities.<ref>{{cite web|url=http://gigaom.com/2014/05/12/alchemyapi-rolls-out-deep-learning-based-computer-vision-as-a-service/|title = AlchemyAPI rolls out deep-learning-based computer vision as a service|last = Harris|first = Derrick|date = May 12, 2014|accessdate = July 18, 2014|publisher = '']''}}</ref> | |||
| ⚫ | In March 2015, it was announced that AlchemyAPI had been acquired by IBM and the company's breakthroughs in deep learning would accelerate IBM's development of next generation cognitive computing applications. IBM reported plans to integrate AlchemyAPI's deep learning technology into the core Watson platform <ref>{{cite web|url=https://www-03.ibm.com/press/us/en/pressrelease/46205.wss#contact |title= IBM Acquires AlchemyAPI, Enhancing |
||
| ==Media coverage== | ==Media coverage== | ||
| A February 2013 article in ] about ] named AlchemyAPI as one of the primary forces responsible for bringing natural language processing capabilities to the masses.<ref>{{cite web|url= |
A February 2013 article in ] about ] named AlchemyAPI as one of the primary forces responsible for bringing natural language processing capabilities to the masses.<ref>{{cite web|url=https://venturebeat.com/2013/02/22/big-data-is-dead-whats-next/|title = 'Big data' is dead. What's next?|last = De Goes|first = John|date = February 22, 2013|accessdate = February 11, 2014|publisher = ]}}</ref> In November 2013, ] listed AlchemyAPI as one of the top startups working in ], along with ] and Ersatz.<ref>{{cite web|url=http://gigaom.com/2013/11/01/the-gigaom-guide-to-deep-learning-whos-doing-it-and-why-it-matters/|title = The Gigaom guide to deep learning: Who's doing it, and why it matters|last = Harris|first = Derrick|publisher = ]|date = November 1, 2013|accessdate = February 11, 2014}}</ref> | ||
| ==References== | ==References== | ||
| Line 42: | Line 42: | ||
| * {{official website}} | * {{official website}} | ||
| ] | ] | ||
| ] | ] | ||
| ] | ] | ||
| ] | ] | ||
| ] | |||
| ] | |||
| ] | |||
Latest revision as of 20:05, 25 August 2024
| Company type | Subsidiary |
|---|---|
| Industry | natural language processing, computer vision, big data |
| Founded | 2005 (2005) |
| Defunct | 2020 (2020) |
| Fate | Acquired by IBM and assimilated into its Watson line of API products |
| Headquarters | Denver |
| Key people |
AlchemyAPI was a software company in the field of machine learning. Its technology employed deep learning for various applications in natural language processing, such as semantic text analysis and sentiment analysis, as well as computer vision. AlchemyAPI offered both traditionally-licensed software products as well API access under a Software as a service model. After acquisition by IBM in 2015, the products were integrated into the Watson line of products and the brand name eventually disappeared.
Technology and business model
As the name suggests, the business model of charging for access to an API was central to the company's identity and uncommon for its time: A TechCrunch article highlighted that even though the technology was similar to IBM's Watson, the pay-per-use model made it more accessible, especially to non-enterprise customers. At one point, AlchemyAPI served over 3 billion API calls per month.
History
AlchemyAPI was founded by Elliot Turner in 2005, and launched their API in 2009.
In September 2011, ProgrammableWeb added AlchemyAPI to its API Billionaires Club, alongside giants such as Google and Facebook.
In February 2013, it was announced that AlchemyAPI had raised US$2 million to improve the capabilities of its deep learning technology. In September 2013, it was reported that AlchemyAPI had created a Google Glass app that could identify what a person was looking at, and that AlchemyAPI would soon be rolling out deep learning-based image recognition as a service.
As of February 2014 (prior to the IBM acquisition), it claimed to have clients in 36 countries and process over 3 billion documents a month. In May 2014, it was reported that AlchemyAPI had released a computer vision API known as AlchemyVision, capable of recognizing objects in photographs and providing image similarity search capabilities.
In March 2015, it was announced that AlchemyAPI had been acquired by IBM and the company's breakthroughs in deep learning would accelerate IBM's development of next generation cognitive computing applications. IBM reported plans to integrate AlchemyAPI's deep learning technology into the core Watson platform
Media coverage
A February 2013 article in VentureBeat about big data named AlchemyAPI as one of the primary forces responsible for bringing natural language processing capabilities to the masses. In November 2013, GigaOm listed AlchemyAPI as one of the top startups working in deep learning, along with Cortica and Ersatz.
References
- "AlchemyAPI". Archived from the original on September 21, 2009. Retrieved February 11, 2014.
- ^ Williams, Alex (February 7, 2013). "AlchemyAPI Raises $2 Million For Neural Net Analysis Tech, On Par With IBM Watson, Google". TechCrunch. Retrieved February 11, 2014.
- Korte, Travis. "5 Q's for AlchemyAPI CEO Elliot Turner". Center for Data Innovation.
- Golliher, Sean (2012-07-20). "SemanticWeb.com "Innovation Spotlight" Interview with Elliot Turner, CEO of AlchemyAPI". DATAVERSITY. Retrieved 2021-08-21.
- DuVander, Adam (September 16, 2011). "New API Billionaire: Text Extractor Alchemy". ProgrammableWeb. Retrieved February 11, 2014.
- "$2m In New Financing, Hiring Several C++ Engineers". AlchemyAPI. February 27, 2013. Retrieved February 11, 2014.
- "Funding Daily: Decisions, decisions". VentureBeat. February 7, 2013. Retrieved February 11, 2014.
- Guess, Angela (February 12, 2013). "Alchemy API raises $2 M". semanticweb.com. Archived from the original on February 25, 2014. Retrieved February 11, 2014.
- Harris, Derrick (September 19, 2013). "AlchemyAPI says it's delivering Google-level deep learning as a service". GigaOm. Retrieved February 11, 2014.
- Simonite, Tom (September 30, 2013). "A Google Glass App Knows What You're Looking At: An app for Google's wearable computer Glass can recognize objects in front of a person wearing the device". Technology Review. Retrieved February 11, 2014.
- Harris, Derrick (May 12, 2014). "AlchemyAPI rolls out deep-learning-based computer vision as a service". GigaOm. Retrieved July 18, 2014.
- Stankiewicz, Jay (March 4, 2015). "IBM Acquires AlchemyAPI, Enhancing Watson's Deep Learning Capabilities". IBM. Archived from the original on March 4, 2015. Retrieved April 14, 2015.
- De Goes, John (February 22, 2013). "'Big data' is dead. What's next?". VentureBeat. Retrieved February 11, 2014.
- Harris, Derrick (November 1, 2013). "The Gigaom guide to deep learning: Who's doing it, and why it matters". GigaOm. Retrieved February 11, 2014.
