Adchemy was a technology company specializing in search engine marketing (SEM), product advertising, and intent-based marketing solutions. They provided a platform to help advertisers manage and optimize large-scale online advertising campaigns across search engines and comparison shopping engines. Their technology focused on understanding user intent and delivering relevant ads, ultimately aiming to improve conversion rates and ROI for their clients. Adchemy's platform was known for its capabilities in semantic search, ad creative generation, and bid optimization. The company was acquired by Walmart Labs in May 2014 to bolster Walmart's e-commerce and advertising technology capabilities.
Served as the primary hub for Adchemy's research and development, engineering, product management, sales, marketing, and corporate operations before its acquisition.
Located in Silicon Valley, the office likely featured modern amenities typical of tech companies, designed to foster collaboration and innovation. Specific architectural highlights are not widely publicized.
Reported to have an innovative, fast-paced, and engineering-driven culture, focusing on solving complex problems in online advertising and e-commerce. Employees were often engaged in developing cutting-edge ad technologies.
The Foster City headquarters was central to Adchemy's development of its proprietary ad platform and its growth into a significant player in the ad tech space before being identified as a strategic asset by Walmart.
Prior to its acquisition by Walmart Labs in 2014, Adchemy's primary market focus was North America, serving numerous large e-commerce and retail clients. While its client base was predominantly US-centric, its technology platform managed advertising campaigns that could have global reach. The company also maintained an international office in Bangalore, India, for engineering and operational support, indicating a strategy for global talent utilization and potentially future market expansion.
950 Tower Lane, Suite 500
Foster City
CA
USA
Address: Details not widely publicized, but was likely situated in a tech park common for international companies.
To extend Adchemy's engineering capabilities, provide round-the-clock operational support, and potentially support clients or operations in the APAC region. Cost-effective scaling of technical teams was also a likely factor.
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As of April 2025, Adchemy' leadership includes:
Adchemy has been backed by several prominent investors over the years, including:
As Adchemy was acquired by Walmart Labs in May 2014, there are no executive new hires or exits in the 'last 12 months' in the traditional sense for an active company. The most significant 'news' was the acquisition itself, which led to the transition or departure of its executive team. Key executives like CEO Murthy Nukala were reported to have joined Walmart Labs post-acquisition.
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Prior to its acquisition in 2014, Adchemy likely used standard corporate email formats. Common patterns for tech companies include [first_initial][last]@adchemy.com or [first].[last]@adchemy.com. These formats are no longer active.
flast@adchemy.com (e.g., jdoe@adchemy.com) OR first.last@adchemy.com (e.g. jane.doe@adchemy.com)
Format
mnukala@adchemy.com (example, based on former CEO, now defunct)
Example
0%
Success rate
TechCrunch • May 19, 2014
Walmart Labs announced its acquisition of Adchemy, a Foster City-based ad tech company. The deal aimed to enhance Walmart's e-commerce platform with Adchemy's expertise in search, product advertising, semantic search, and campaign optimization. Adchemy's team was expected to join Walmart Labs....more
VentureBeat • November 17, 2010
Adchemy raised $61 million in a new round of funding led by Mercantile Corp. Existing investors August Capital, Mayfield Fund, Accel Partners, Microsoft, and Global Catalyst Partners also participated. This brought total funding to over $110 million. The funds were intended for expanding its intent-driven advertising platform....more
Reuters (via PE Hub) • June 2, 2008
Adchemy Inc., a Foster City, Calif.-based online advertising platform, has raised $37 million in Series D funding. Microsoft Corp. led the round, and was joined by return backers August Capital, Mayfield Fund, Accel Partners, Global Catalyst Partners and ONSET Ventures. The company had previously raised around $29 million....more
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