The most strategic business process of the $1 trillion global specialty chemicals industry is new product development. Alchemy’s cloud software digitalizes this business process to shrink the time from new concept creation to final chemistry. Besides accelerating the pace of innovation, Alchemy improves the economics of the process at both the top and bottom line.
Enterprise Innovation Fund (ENIF) invested in dryTools in 2016 — company that is now merged with Alchemy. The investment was focused on expanding the team and developing a solid marketing and sales strategy.
Following their merger with Alchemy Cloud the ENIF is continuing to support their endeavors in the Specialty Chemical Industry.