Alchemy Machines

Alchemy Machines is a London-based AI startup specializing in automating transcription, analysis, and summarization of legal-specific web meetings and phone calls. Their platform utilizes advanced Natural Language Processing (NLP) and Automatic Speech Recognition (ASR) technologies to produce transcriptions that capture not only the words spoken but also the emotion and sentiment behind them. This innovation aims to reduce transcription costs for law firms and alleviate the workload of trainee lawyers and secretarial staff, enabling them to focus on higher-value tasks. Founded in 2019, Alchemy Machines has secured $400,000 in pre-seed funding from SFC Capital and angel investors from Google, DeepMind, and Wayve. The company is committed to enhancing efficiency and reducing costs in highly regulated sectors, starting with the legal industry.