Alchemist is a venture-backed accelerator focused on accelerating the development of seed-stage ventures that monetize from enterprises (not consumers). CB Insights rated Alchemist the top accelerator in 2016 based on the median funding rates of its grads (YC was #2). The accelerator’s primary screening criteria is on teams, prioritizing having distinctive technical co-founders. The organization provides seed investment into companies it admits (typically $36K), and provides founders a structured path to traction, fundraising, mentorship, and community throughout a 6-month program. The company's backers include many of the top corporate and VC funds in the Valley -- including Khosla Ventures, DFJ, Cisco, GE, next47(Siemens), and Salesforce, among others—the accelerator seeds around 75 enterprise-monetizing ventures/year. Notable alumni include LaunchDarkly, Rigetti Quantum Computing, mPharma, Matternet, and Mightyhive.