Osmo Sniffs Out $70M to Digitize Scent and Reshape Industries

NEW YORK, NY – February 04, 2026 – Osmo, a digital scent design company pioneering the use of artificial intelligence to map and create odors, has announced the closing of a $70 million Series B funding round. The investment, led by Two Sigma Ventures, brings the company's total capital to $130 million and will fuel the scaling of its proprietary "Olfactory Intelligence" platform. The move signals a major push to disrupt the global fragrance market and unlock a future where scent can be used for everything from personalized perfumes to medical diagnostics.

Founded in 2022 as a spin-off from Google Brain by olfactory neuroscientist Dr. Alex Wiltschko, Osmo is on a mission to digitize our most primal and mysterious sense. The company has developed an AI model that can predict what a molecule will smell like simply by analyzing its chemical structure. This breakthrough creates a "map of odor," allowing for the digital recording, analysis, and recreation of scents with unprecedented precision—a feat the company has dubbed "Scent Teleportation."

"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, in a statement.

The Digital Nose Disrupting an $80 Billion Market

The global fragrance market, valued at over $80 billion, has long operated on centuries-old traditions of human artistry, trial-and-error, and expensive, often unsustainable natural ingredients. Developing a new fragrance can take years and cost millions, a barrier that has kept innovation largely in the hands of a few dominant fragrance houses.

Osmo's technology promises to upend this model. By using AI to predict and design scents, the company can drastically reduce development time from years to weeks. This speed and efficiency allow it to serve two distinct ends of the market. For large consumer product companies, Osmo can reformulate existing fragrances to reduce costs or comply with new regulations. For emerging brands, it democratizes access to custom scent creation, a luxury that was previously out of reach.

While established giants like Givaudan and Symrise have integrated AI tools like CARTO and Philyra to assist their human perfumers, Osmo's approach is more foundational. Instead of merely suggesting combinations from existing palettes, it aims to build the underlying infrastructure for digital olfaction, including the creation of novel, AI-designed molecules. This positions the company not just as a toolmaker, but as a core technology provider for the entire industry.

"Osmo is unlocking an entirely new sensory dimension for AI," commented Colin Beirne, Partner at Two Sigma Ventures and a 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."

A Powerhouse Team to Commercialize Scent

To translate its technological lead into commercial success, Osmo has assembled a formidable new executive team with deep experience across consumer goods, fragrance, and high-growth technology.

Mike Rytokoski joins as Chief Commercial Officer, bringing three decades of CPG leadership from giants like Unilever and Clorox, and most recently as president for ingredients and fragrances at Amyris. Tasked with scaling operations, Mateusz Brzuchacz steps in as Chief Operating Officer, leveraging over 15 years of expertise from flavor and fragrance mainstays Givaudan and IFF.

Financial strategy will be steered by new Chief Financial Officer Nate Pearson, whose resume includes scaling some of the most dynamic brands of the last decade, including Tesla and Mercedes-Benz's North American EV charging platform. This blend of CPG commercial savvy, specialized industry knowledge, and hyper-growth financial discipline underscores Osmo's ambition to rapidly scale its market presence.

Further validating its strategy, the company has added Boet Brinkgreve to its board. Brinkgreve, who has held leadership roles at dsm-firmenich, the world's largest fragrance company, and Richemont's fragrance division, brings an unparalleled understanding of the science and premium consumer markets Osmo aims to serve.

Beyond Perfume: The Future of Digital Olfaction

While the immediate focus is on disrupting the fragrance and consumer products industries, the new funding and the vision articulated by investors point toward a much broader horizon. As Two Sigma's Beirne noted, "fragrance is just the beginning. We're backing the infrastructure layer for digital olfaction, with applications spanning healthcare diagnostics to environmental monitoring."

This long-term vision positions Osmo at the forefront of a technological revolution with profound societal implications. The same AI that can design a better-smelling laundry detergent could one day power a non-invasive breathalyzer that detects the specific volatile organic compounds (VOCs) associated with early-stage cancers, diabetes, or neurological disorders like Parkinson's disease. The ability to create a digital fingerprint for any smell could enable networks of sensors to monitor air quality in real-time or instantly detect hazardous chemical leaks.

In public safety, this technology could lead to advanced systems for detecting explosives or illicit substances without the limitations of canine units. For Osmo, the path forward involves a dual mission: using the vast fragrance market to commercialize its platform and generate revenue, while simultaneously building the foundational technology that will unlock these life-changing applications. With its new capital and a strategically assembled leadership team, the company is now equipped to pursue both goals, aiming to prove that the future not only looks and sounds different, but smells different too.