AlchemyAPI: Difference between revisions

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{{Infobox company

| name = AlchemyAPI

| logo =

| type = [[Subsidiary]]

| traded_as =

| foundation = {{Start date|2005}}

| defunct = {{End date|2020}}

| location_city = [[Denver]]

| key_people =

| key_people = {{Unbulleted list|[[Elliot Turner]] ([[Chief executive officer|CEO]])}}

| num_employees =

| industry = [[natural language processing]], [[computer vision]], [[big data]]

| homepage = {{URL|www.alchemyapi.com}}

| fate = Acquired by IBM and assimilated into its [[Watson_(computer)|Watson]] line of API products

| homepage =

}}

'''AlchemyAPI''' iswas ana IBM-ownedsoftware company thatin usesthe field of [[machine learning]]. (specifically,Its technology employed [[deep learning]]) tofor dovarious applications in [[natural language processing]] (specifically, such as semantic text analysis, includingand sentiment analysis), andas well as [[computer vision]]. (specifically,AlchemyAPI faceoffered detectionboth andtraditionally-licensed recognition)software forproducts itsas clientswell bothAPI overaccess theunder clouda and[[Software on-premisesas a service]] model.<ref name=official>{{cite web|url = http://www.alchemyapi.com/|title = AlchemyAPI|accessdate = February 11, 2014}}</ref><ref|archive-url name=techcrunch https:/>/web.archive.org/web/20090921044923/http://www.alchemyapi.com/|archive-date As= of February 2014September (prior to the IBM acquisition)21, it2009|url-status claimed= to have clients in 36 countries and process over 3 billion documents a month. [[ProgrammableWeb]] added AlchemyAPI to its API Billionaires Club in September 2011.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=[[TechCrunch]]|accessdate = February 11, 2014|publisher = ''[[TechCrunch]]''}}</ref><ref name=programmable-web>{{citeAfter web|url=http://www.programmableweb.com/news/new-api-billionaire-text-extractor-alchemy/2011/09/16/|titleacquisition =by New[[IBM]] APIin Billionaire:2015, Textthe Extractorproducts Alchemy|lastwere =integrated DuVander|firstinto =the Adam[[Watson (computer)|dateWatson]] =line Septemberof 16,products 2011|accessdateand =the Februarybrand 11,name 2014|publishereventually = [[ProgrammableWeb]]}}</ref>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.<ref name="techcrunch" /> At one point, AlchemyAPI served over 3 billion API calls per month.

AlchemyAPI uses technology similar to [[Watson (computer)|IBM's Watson computer]].<ref name=techcrunch/> It gets paid per API call, and does over 3 billion API calls per month.

A ''[[TechCrunch]]'' article highlights that even though the technology is similar, AlchemyAPI offers its technology in the form of [[software as a service]] (by allowing people to make API calls), making its technological capabilities more accessible to people.<ref name="techcrunch" />

==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 [[Google]] and [[Facebook]].<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=[[ProgrammableWeb]]|accessdate=February 11, 2014}}</ref>

In February 2013, it was announced that AlchemyAPI had raised USD 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 = [[VentureBeat]]|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 [[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.<ref>{{cite web|url=http://gigaom.com/2013/09/19/alchemyapi-says-its-delivering-google-level-deep-learning-as-a-service/|archive-url=https://web.archive.org/web/20130921111703/http://gigaom.com/2013/09/19/alchemyapi-says-its-delivering-google-level-deep-learning-as-a-service/|url-status=dead|archive-date=September 21, 2013|title = AlchemyAPI says it’sit's delivering Google-level deep learning as a service|last = Harris|first = Derrick|date = September 19, 2013|accessdate = February 11, 2014|publisher = ''[[GigaOm]]''}}</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’sGoogle'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 = [[Technology Review]]}}</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 = ''[[GigaOm]]''}}</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 Watson’s Deep Learning Capabilities |first= Jay|last = Stankiewicz|date = March 4, 2015|accessdate = April 14, 2015|publisher = [[IBM]]}}</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/|archive-url=https://archive.today/20140725152422/http://gigaom.com/2014/05/12/alchemyapi-rolls-out-deep-learning-based-computer-vision-as-a-service/|url-status=dead|archive-date=July 25, 2014|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 = [[GigaOm]]}}</ref>

In September 2011, ProgrammableWeb added AlchemyAPI to its API Billionaires Club, alongside giants such as [[Google]] and [[Facebook]].<ref name=techcrunch/><ref name=programmable-web/>

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 = [[IBM]]}}</ref>

In February 2013, it was announced that AlchemyAPI had raised USD 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 = [[VentureBeat]]|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}}</ref>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.<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 = ''[[GigaOm]]''}}</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 = [[Technology Review]]}}</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 = ''[[GigaOm]]''}}</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 Watson’s Deep Learning Capabilities |first= Jay|last = Stankiewicz|date = March 4, 2015|accessdate = April 14, 2015|publisher = [[IBM]]}}</ref>

==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.<ref>{{cite web|url=https://venturebeat.com/2013/02/22/big-data-is-dead-whats-next/|title = ‘Big'Big data’data' is dead. What’sWhat's next?|last = De Goes|first = John|date = February 22, 2013|accessdate = February 11, 2014|publisher = ''[[VentureBeat]]''}}</ref> In November 2013, [[GigaOm]] listed AlchemyAPI as one of the top startups working in [[deep learning]], along with [[Cortica]] 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/|archive-url=https://web.archive.org/web/20131101233721/http://gigaom.com/2013/11/01/the-gigaom-guide-to-deep-learning-whos-doing-it-and-why-it-matters/|url-status=dead|archive-date=November 1, 2013|title = The Gigaom guide to deep learning: Who’sWho's doing it, and why it matters|last = Harris|first = Derrick|publisher = ''[[GigaOm]]''|date = November 1, 2013|accessdate = February 11, 2014}}</ref>

==References==

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* {{official website}}

[[Category:TechnologyDefunct software companies of the United States]]

[[Category:Applied machine learning]]

[[Category:Former IBM subsidiaries]]

[[Category:IBM acquisitions]]

[[Category:Companies based in Denver]]

[[Category:American companies established in 2005]]

[[Category:American companies disestablished in 2020]]