Osmo, a digital scent design company, announced it has completed a $70 million Series B funding round, bringing total capital raised to $130 million. The round was led by Two Sigma Ventures, with participation from new investors including Valor, Atreides, Amplo, Alumni Ventures, Collab Fund, Lumina Partners, and Patrick Collison, alongside existing investors.
The company said it will use the proceeds to scale its proprietary AI-powered olfaction technology, Olfactory Intelligence, with the goal of expanding “Olfactory Intelligence” applications across fragrance, healthcare, and public safety. Osmo positions its platform as supporting the full product lifecycle, from formula creation through manufacturing and packaging, enabling clients to move from concept to market more efficiently. It also said its technology can help enterprises reduce fragrance costs and accelerate time-to-market, while giving emerging brands access to custom fragrance development at more accessible price points.
Alongside the financing, Osmo announced an expanded executive leadership team to strengthen commercial execution, operations, and finance as the company scales. The new hires include Chief Commercial Officer Mike Rytokoski, Chief Operating Officer Mateusz Brzuchacz, and Chief Financial Officer Nate Pearson. Osmo also named Boet Brinkgreve as an independent board member, citing his experience spanning science-driven innovation and premium consumer markets, including operational leadership at dsm-firmenich and prior leadership of the fragrance division at Richemont.
Osmo said it was launched in 2022 as a spin-off from Google Brain by CEO and founder Alex Wiltschko, an olfactory neuroscientist and Harvard PhD. The company said it achieved “Scent Teleportation” in 2024 and has built what it describes as the industry’s largest structured scent data library. Osmo said it is combining proprietary molecular data, machine learning, and human artistry to “unlock a new world of fragrance,” while broadening the commercial footprint of digital olfaction beyond traditional fragrance development.
KEY QUOTES
“Osmo is unlocking an entirely new sensory dimension for AI. Osmo proves this technology works commercially, democratizing access to custom fragrance development that was previously available only to brands spending millions. But fragrance is just the beginning. We’re backing the infrastructure layer for digital olfaction, with applications spanning healthcare diagnostics to environmental monitoring.”
Colin Beirne, Partner, Two Sigma Ventures; Osmo Board Observer
“What excites me most is that we’re building technology that will fundamentally change how entire industries harness the power of scent to improve the health and wellbeing of humans. With this funding and our new executive team, we’re building the commercial, operational, and financial capabilities to truly scale Olfactory Intelligence within the fragrance industry and beyond.”
Alex Wiltschko, CEO and Founder, Osmo
