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Alchemy Security

A Denver-based Splunk-focused MSSP offering 24/7 managed detection and response plus Lapis, a proprietary risk-maturity layer built on top of customer Splunk deployments.

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50/100Incremental Innovator

Overview

Alchemy Security is a Denver, Colorado-based boutique managed security services provider built around Splunk, offering 24/7 managed detection and response (MDR), Splunk deployment and tuning services, and security assessments including virtual CISO support. Founded in 2007, the company operates as a specialized practice rather than a broad platform vendor, positioning itself as a Splunk reseller, implementation partner, and managed operator for organizations that have already invested in Splunk but lack the in-house staff to run it around the clock.

The company’s main differentiator is Lapis, a proprietary "Security Operating System" that sits on top of a customer’s Splunk environment. Lapis is framed as an integrated risk management layer: it tracks the maturity of security controls over time, maps operational telemetry to business risk, and automates workflows so that raw SIEM data becomes something an executive team can act on rather than a stream of alerts only analysts can parse. The MDR service underneath is described as aligning detections to the MITRE ATT&CK framework.

With roughly 11-50 employees and no publicly disclosed venture funding, Alchemy operates more like an established regional MSSP than a venture-backed platform company. That profile caps how fast it can extend Lapis or compete for the largest enterprise MDR contracts, but it also means the firm is not dependent on growth-at-all-costs economics — a relevant consideration for buyers wary of vendor instability. No independent, third-party validation (such as a named MITRE Engenuity ATT&CK evaluation result) of the MDR program’s detection efficacy appears in public sources; the strength of the offering rests on Splunk specialization and services depth rather than a proven differentiated detection engine.

Innovation Matrix Assessment

Innovation Velocity 5/10

Alchemy has built and continues to iterate on Lapis, a proprietary risk-management layer atop Splunk, but the small team limits release cadence relative to venture-scale competitors.

Operational Value 6/10

The firm runs a documented 24/7 MDR practice aligned to MITRE ATT&CK, and holds Splunk Partner, Reseller, and Managed Services Provider status, indicating a mature service delivery operation.

Market Momentum 4/10

With roughly 11-50 employees, no publicly disclosed funding round, and no press coverage of major customer wins, growth appears organic and regional rather than accelerating.

Category Disruption 5/10

Lapis is a genuine differentiator -- an integrated risk-maturity framework layered on customer Splunk data -- but it extends an existing SIEM investment rather than introducing a new detection architecture.

Real-World Efficacy 4/10

No independent third-party evaluation (e.g., MITRE Engenuity ATT&CK Evaluations) or named customer case study documenting detection outcomes was found; efficacy claims are vendor-narrated only.

Enduring Relevance 6/10

MDR and SIEM operations remain a persistent need for mid-market organizations without in-house SOC staff, but Alchemy's Splunk-specific focus narrows its addressable market compared to platform-agnostic MDR providers.

Why CISOs Should Care

For CISOs who have already committed to Splunk but lack round-the-clock staffing, Alchemy provides turnkey MDR plus Lapis, a layer that translates SIEM telemetry into risk language a board can act on.

What Makes It Different

Unlike platform-agnostic MDR vendors, Alchemy builds its entire practice around Splunk, layering its own Lapis risk-maturity framework on top of a customer's existing SIEM rather than replacing it.

The Matrix Verdict

50/100 — INCREMENTAL INNOVATOR

A credible boutique Splunk-centric MSSP with a genuinely differentiated product layer (Lapis), but with no independent efficacy validation or funding signal to suggest it is scaling meaningfully beyond a regional practice.

Editorial Note: Claims vs. Verified Findings

MITRE ATT&CK alignment, Lapis capabilities, and 24/7 monitoring claims are sourced from Alchemy's own marketing (alchemysecurity.com) and are not independently verified via a named customer case study or third-party test. The 2007 founding year and 11-50 employee count are corroborated by LinkedIn; no external funding round appears in public deal databases, consistent with a bootstrapped/self-funded firm.

Sources