Stanford Grads Get School’s Backing for Blockchain Startup
- Nikil Viswanathan, Joe Lau have raised $15 million for Alchemy
- ‘We want to be the Microsoft for blockchain,’ Viswanathan says
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Stanford University and Silicon Valley luminaries are joining forces to back Alchemy, a two-year-old blockchain company.
Alchemy, founded by Stanford graduates Nikil Viswanathan and Joe Lau, has raised $15 million from investors including their alma mater as well as LinkedIn Corp. co-founder Reid Hoffman, Yahoo co-founder Jerry Yang and financier Charles Schwab, the San Francisco-based startup said Tuesday in a statement. The company declined to say how much it’s worth based on the Series A funding round.