Juniper gives an additional $1.5M to enterprise startup accelerator Alchemist
Jan 23, 2019
Juniper Networks has made an additional $1.5 million investment in Alchemist Accelerator to support companies focused on AI/ML, IOT, Networking, Big Data, Cybersecurity and Blockchain. Alchemist is a seed-stage accelerator focused on scaling early-stage B2B enterprise companies. Juniper first backed Alchemist in 2017.
This new investment reinforces Juniper’s view that early-stage venture investments are key to our innovation engine. Our philosophy is to invest in a limited number of companies strategically aligned with Juniper and to forge close relationships to drive mutual success. We’re looking for companies that are on a mission to disrupt our industry and solve some of the most difficult problems that businesses are facing today—or will face in the near future.
Juniper plans to continue to work closely with Alchemist and support the startup ecosystem it creates. This announcement was made at Alchemist Demo Day, where the graduating class of the Alchemist program comes out of stealth and launches to the public.