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How Alloy CEO Tommy Nicholas grew Alloy to $42.4M revenue and 200 customers in 2024.

Developer of an identity verification system designed to check frauds and make identity management effective and simple for banks and financial institutions. The company's platform combines a single API and dashboard centralizing case management, alerts, decision audit trail, and reporting and helps financial institutions integrate multiple sources of data and customer identification program rules to manage identity verification from signup through the life of the customer, enabling banks and fintech companies to automate their identity compliance and fraud decisions.

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Alloy Revenue

In 2024, Alloy's revenue reached $42.4M. The company previously reported $24.7M in 2023. Since its launch in 2015, Alloy has shown consistent revenue growth.

Alloy Revenue GrowthReported revenue / ARR by year$0$10M$20M$30M$40M$50M201520172019202120232024$0$12M$25M$42MSource: GetLatka.com
YearMilestone
2024Alloy Hit $42.4m revenue in October 2024
2023Alloy Hit $24.7m revenue in December 2023
2021Alloy Hit $12.4m revenue in September 2021
2015Launched with $0 revenue

Alloy Valuation, Funding Rounds

Alloy reached a $1.6B valuation in 2025, set during its Series D round.

Alloy has raised $207.8M in total funding across 5 rounds, most recently a $52M Series D round in 2025.

Alloy Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$400M$800M$1B$2B$2B2015201720192021202320252015 cumulative: $0 • 2015 Founded: $02017 cumulative: $4M • 2015 Founded: $0 • 2017 Seed Round: $4M2019 cumulative: $16M • 2015 Founded: $0 • 2017 Seed Round: $4M • 2019 Series A: $12M2020 cumulative: $56M • 2015 Founded: $0 • 2017 Seed Round: $4M • 2019 Series A: $12M • 2020 Series B: $40M2021 cumulative: $156M • 2015 Founded: $0 • 2017 Seed Round: $4M • 2019 Series A: $12M • 2020 Series B: $40M • 2021 Series C: $100M @ $1B valuation2025 cumulative: $208M • 2015 Founded: $0 • 2017 Seed Round: $4M • 2019 Series A: $12M • 2020 Series B: $40M • 2021 Series C: $100M @ $1B valuation • 2025 Series D: $52M @ $2B valuation$208M2015 Founded: $0 valuation2021 Series C: $1B valuation2025 Series D: $2B valuation$2BSource: GetLatka.com
YearRoundAmountValuation% Sold
2025Series D$52M$1.6B3%
2021Series C$100M$1.3B8%
2020Series B$40M--
2019Series A$12M--
2017Seed Round$3.8M--

Alloy Employees & Team Size

Alloy employs approximately 400 people as of 2026, up from 307 in 2024.

Alloy has 400 total employees in different roles and functions and 5 sales reps that carry a quota. They have 200 customers that rely on the company's solutions.

Alloy Team GrowthReported headcount over time010020030040050020152017201920212023202500400400Source: GetLatka.com
YearMilestone
2025Reached 400 employees (November 2025)
2024Reached 307 employees (December 2024)
2024Reached 303 employees (October 2024)
2023Reached 285 employees (December 2023)
2022Reached 294 employees (December 2022)
2021Reached 172 employees (December 2021)
2021Reached 127 employees (September 2021)

Founder / CEO

Tommy Nicholas

Tommy is the CEO and co-founder of Alloy, an API to ease the pain of customer identification (KYC/AML, etc) for financial services companies. After graduating from the University of Virginia, Tommy began his career as a software developer.

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Customers

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Frequently Asked Questions about Alloy

What is Alloy's revenue?

Alloy generates $42.4M in revenue.

Who founded Alloy?

Alloy was founded by Tommy Nicholas.

Who is the CEO of Alloy?

The CEO of Alloy is Tommy Nicholas.

How much funding does Alloy have?

Alloy raised $207.8M.

How many employees does Alloy have?

Alloy has 400 employees.

Where is Alloy headquarters?

Alloy is headquartered in New York, New York, United States.

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Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .