Series B led by Two Sigma Ventures strengthens commercial, operational, and financial capabilities as Osmo expands Olfactory Intelligence across fragrance, healthcare, and public safety sectors

NEW YORK: Osmo, the digital scent design company, announced today the completion of its Series B funding round of $70M, bringing the company's 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 (CEO and Co-Founder of Stripe), alongside existing investors.

Osmo will utilize the funding to democratize scent design by scaling its proprietary AI-powered olfaction technology, Olfactory Intelligence, across multiple sectors. Osmo enables the entire product lifecycle from formula creation through manufacturing and packaging, allowing clients to scale efficiently from initial concept to market. Osmo is deploying its AI-powered olfaction technology to serve both global consumer product companies and emerging brand clients across commercial sectors. Applications include enabling enterprises to reduce fragrance costs and accelerate time-to-market, while empowering emerging brands to create custom fragrance development at accessible price points.

"Osmo is unlocking an entirely new sensory dimension for AI," said Colin Beirne, Partner at Two Sigma Ventures and new Osmo board observer. “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."

In conjunction with the funding announcement, Osmo expanded its new executive leadership team, strategically assembled to scale the company's commercial operations and market expansion. The new C-suite includes:

• Mike Rytokoski, Chief Commercial Officer - Brings 30 years of CPG experience from leadership roles at Unilever, Clorox, and Goodyear. He most recently served as President for ingredients and fragrances at Amyris. At Clorox, Mike led operations as President for Latin America and Asia.
• Mateusz Brzuchacz, Chief Operating Officer - Contributes over 15 years of Flavors and Fragrance expertise from Phoenix Flavors & Fragrances, Givaudan, and IFF. Previously served as Chief Operating Officer at Phoenix Flavors & Fragrances and Chief Information Officer at Tilley Distribution.
• Nate Pearson, Chief Financial Officer (CFO) - Delivers extensive financial leadership experience scaling high-growth brands including Tesla, Lagunitas, and LifeAID. Most recently served as VP of Finance for Mercedes-Benz's North American EV charging platform, overseeing a $1B+ asset base.

Additionally, Osmo welcomed Boet Brinkgreve as an independent board member. Boet brings over 20 years of experience at the intersection of science and premium consumer markets, having led operations at dsm-firmenich, the world's largest fragrance company, and the fragrance division at Richemont.

"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," said Alex Wiltschko, CEO and Founder of Osmo. "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."

To learn more about Osmo, visit osmo.ai.

About Osmo
Osmo is unlocking a new world of fragrance through a combination of proprietary molecular data, machine learning, and human artistry. Olfactory neuroscientist and Harvard PhD Alex Wiltschko launched Osmo in 2022 as a spin-off from Google Brain. In 2024, Osmo achieved Scent Teleportation, the world's first full digitization of scent with no human intervention, and has created the industry's largest structured scent data library. Osmo works with global and emerging brands to develop fragrances from formula creation through manufacturing and packaging with its AI-powered olfaction technology called Olfactory Intelligence. Applications include enabling enterprises to reduce fragrance costs and accelerate time-to-market, while empowering emerging brands to create custom fragrance development at accessible price points. Backed by Lux Capital, Google Ventures, and Two Sigma Ventures, Osmo is building the future of scent. To learn more, visit www.osmo.ai.

Fonte: Business Wire