Digital scent start-up Osmo raises $70 million to scale AI-powered olfaction technology

By Lynsey Barber | Published: 5-Feb-2026
Ingredients Fragrance Finance

The Series B round of funding will help Osmo scale its artificial intelligence (AI) fragrance technology and expand its leadership team

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Digital scent company Osmo has raised US$70m in a fresh round of funding to scale its artificial intelligence (AI)-powered olfaction technology.

The series B investment was led by Two Sigma Ventures and brings the total funding for the four-year-old start-up to $130m.

New backers include investment firms Valor, Atreides, Amplo, Alumni Ventures, Collab Fund and Lumina Partners.

Patrick Collison, CEO and co-founder of payments company Stripe, also participated in the funding round, along with previous investors.

Osmo launched in 2023 with a $60m Series A led by Lux Capital and Google Ventures.

The new funding will go towards expanding Osmo’s digital scent engine, Olfactory Intelligence, across fragrance, as well as into health care and public safety sectors.

The technology can be used throughout the product pipeline, from formula creation through to manufacturing and packaging.

It aims to reduce the time and cost of getting fragrance from concept to market, as well making the process available to smaller companies.

“This funding lets us scale our vision of being a true turn-key partner for the beauty industry,” Alex Wiltschko, founder and CEO of Osmo, told Cosmetics Business.

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