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In this segment of our “Innovation Spotlight” we spoke with Elliot Turner (@eturner303), the founder and CEO of AlchemyAPI.com. AlchemyAPI’s cloud-based platform processes around 2.5 billion requests per month. Elliot describes how their API helps companies with sentiment analysis, entity extraction, linked data, text mining, and keyword extraction.
Sean: Hi Elliot, thanks for joining us, how did AlchemyAPI get started?
Elliot: AlchemyAPI was founded in 2005 and in the past seven years has become one of the most widely used semantic analysis APIs, processing billions of transactions monthly for customers across dozens of countries.
I am the Founder and CEO and a serial entrepreneur who comes from the information security space. My previous company built and sold high-speed network security appliances. After it was acquired, I started AlchemyAPI to focus on the problem of understanding natural human language and written communications.
Sean: Can you describe how your API works? What does it allow your customers to accomplish?
Elliot: Customers submit content via a cloud-based API, and AlchemyAPI analyzes that information in real-time, transforming opaque blobs of text into structured data that can be used to drive a number of business functions. The service is capable of processing thousands of customer transactions every second, enabling our customers to perform large-scale text analysis and content analytics without significant capital investment.