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==Technology and business model==
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" />
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/|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>
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. [[ProgrammableWeb]] added AlchemyAPI to its API Billionaires Club in September 2011.<ref name="techcrunch" /><ref name="programmable-web" />
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