Osmo Funding, Investors & Competitors

Osmo has raised $130M across 2 funding rounds, most recently a $70M Series B in February 2026.

See full Osmo profile

Last Osmo funding round

$70M

Series B · Feb 2026

Cumulative funding Osmo raised

$130M

across 2 funding rounds

Key investors in Osmo

  • Two Sigma Ventures
  • Alumni Ventures
  • GV
  • Lux Capital
  • Collaborative Fund
  • Valor Equity Partners
  • Amazon
  • Exor Ventures

Osmo Overview

About Osmo

Osmo is a Palo Alto-based AI company creating digital nose technology that detects and analyzes odors using chemical sensors and machine learning. Focused initially on fragrance formulation for brands like Coty and Givaudan, it expands to healthcare applications like disease detection via breath analysis and food quality control.


Founded

2023

HQ

United StatesNew York City, NY

Website

osmo.ai

Status

Privately held

Customer focus

B2B

Revenue model

Services

Osmo Funding History

Osmo has raised a total of $130M across 2 funding rounds.

Osmo's first fundraising round was a $60M Series A in January 2023. The most recent completed round was a $70M Series B in February 2026.

Osmo funding rounds

Osmo funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2026Series BTwo Sigma Ventures (lead); Amplo; Atreides Management; Alumni Ventures; Collaborative Fund; Valor Equity Partners; Patrick Collison; Lumina Partners$70MOsmo is a digital scent design company that leverages AI-powered olfaction technology called Olfactory Intelligence to map molecular data, generate fragrance formulas, and enable custom scent development for brands across fragrance, healthcare, and public safety sectors. Founded in 2022 as a spin-off from Google Brain by CEO Alex Wiltschko, an olfactory neuroscientist with a Harvard PhD, Osmo achieved 'Scent Teleportation' in 2024, digitizing scents like a fresh summer plum to train AI algorithms, and has built the industry's largest structured scent data library combining proprietary data, machine learning, and human artistry. On February 4, 2026, Osmo announced the completion of a $70 million Series B funding round, led by Two Sigma Ventures, bringing total capital raised to $130 million following a $60 million Series A in 2023 led by Lux Capital and Google Ventures. New investors included Valor Equity Partners, Atreides Management, Amplo, Alumni Ventures, Collaborative Fund, Lumina Partners, and Patrick Collison of Stripe, alongside existing backers. The funding will scale Osmo's technology to democratize scent design, reduce fragrance development costs, accelerate time-to-market for enterprises, and empower emerging brands with accessible custom fragrances. Osmo currently produces hundreds of scents per week and focuses on B2B services without launching or marketing its own brands. Investors highlight applications beyond fragrance, including healthcare diagnostics and environmental monitoring, positioning Osmo as infrastructure for digital olfaction. Quotes from Two Sigma Ventures Partner Colin Beirne emphasize commercial viability and industry transformation, while CEO Alex Wiltschko underscores scaling to harness scent's impact on health and wellbeing.
Jan 2023Series AGV (lead); Lux Capital (lead); Amazon; Bill & Melinda Gates Foundation; Moore Strategic Ventures; Exor Ventures; Two Sigma Ventures; Arena Holdings$60MOsmo is an AI company spun out from Google Research that digitizes smell by mapping odor perception from molecular structure, enabling generative AI to design novel aroma molecules for the $30-60 billion flavor and fragrance market, with applications in sustainable replacements, health diagnostics, and beyond. Founded in 2022 by Alex Wiltschko, a former Google Brain researcher with a doctorate in olfactory neuroscience from Harvard, Osmo's core technology, Olfactory Intelligence, predicts smells and accelerates development from concept to market. The Series A round in January 2023 raised $60 million, led by Lux Capital and GV (Google Ventures), with participation from Arena Holdings, Bill & Melinda Gates Foundation, Moore Strategic Ventures, Exor Ventures, Two Sigma Ventures, Amazon Alexa Fund, and individuals like Henry Kravis (KKR) and Jeff Dean (Google DeepMind). Josh Wolfe of Lux joined the board, Krishna Yeshwant of GV as observer, and Andy Palmer as independent director. Funds supported building the digital scent engine for fragrance initially, targeting bespoke chemical manufacturing challenges like expensive, toxic compounds. In November 2023, the Gates Foundation added a $3.5 million grant for DEET alternatives, totaling $63.5 million raised. Osmo expanded with a $70 million Series B in 2025 led by Two Sigma Ventures, bringing total funding to $130 million, to scale manufacturing in a new 60,000 sq ft Elizabeth, NJ facility, serve indie brands and CPGs, and enter healthcare and public safety; clients include Museum of Pop Culture and Loucil, with counterfeit detection for StockX.

Who has invested in Osmo?

15 investors have backed Osmo across its funding rounds, including Two Sigma Ventures, Alumni Ventures, GV, Lux Capital, Collaborative Fund and Valor Equity Partners.

Lead investors include Two Sigma Ventures, GV and Lux Capital.


Osmo Investors

Investors in Osmo by funding rounds participated
InvestorHQRoundsRoleFirst check
Two Sigma VenturesUnited StatesNew York City, NY2LeadJan 2023
AmploUnited StatesUnited States1ParticipantFeb 2026
GVUnited StatesSan Francisco, CA1LeadJan 2023
AmazonUnited StatesSeattle, WA1ParticipantJan 2023
Atreides ManagementUnited StatesBoston, MA1ParticipantFeb 2026
Lux CapitalUnited StatesNew York City, NY1LeadJan 2023
Bill & Melinda Gates FoundationUnited StatesSeattle, WA1ParticipantJan 2023
Alumni VenturesUnited StatesUnited States1ParticipantFeb 2026
Collaborative FundUnited StatesNew York City, NY1ParticipantFeb 2026
Valor Equity PartnersUnited StatesChicago, IL1ParticipantFeb 2026
Patrick CollisonUnited StatesSan Francisco, CA1ParticipantFeb 2026
Moore Strategic VenturesUnited StatesNew York City, NY1ParticipantJan 2023
Exor VenturesNetherlandsAmsterdam1ParticipantJan 2023

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Osmo Competitors

Osmo competitors include listed companies like Nebius Group and Tempus AI, and private ones like SambaNova, Crusoe Energy Systems, Nscale and Relativity Space.

Public and private companies comparable to Osmo
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SambaNovaUnited StatesSan Francisco, CAPrivate$100M-$11B-
Nebius GroupNetherlandsNetherlandsPublicly listed$530M$512M$59B24.2x
Crusoe Energy SystemsUnited StatesDenver, COPrivate$276M-$30B-
NscaleUnited KingdomLondonPrivate$33M-$15B442.4x
Relativity SpaceUnited StatesLos Angeles, CAPrivate--$4.2B-
Tempus AIUnited StatesUnited StatesPublicly listed$1.3B($131M)$15B10.1x

Osmo Public Comps

Osmo is still privately-owned, but its public comps include NVIDIA, TSMC, Broadcom, Micron, SK Hynix, AMD, ASML, CXMT, Dell and Lam Research.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
NVIDIA$216B$142B24.4x15.6x37.1x23.8x
TSMC$120B$83B15.9x12.1x22.9x16.6x
Broadcom$64B$34B26.5x16.8x49.3x24.7x
Micron$37B$18B29.0x8.0x60.3x9.6x
SK Hynix$71B$47B12.1x4.3x18.1x5.3x
AMD$35B$7.1B25.4x19.0x124.8x75.6x
ASML$38B$14B16.5x13.3x43.7x31.7x
CXMT$9.2B$5.5B60.3x-101.9x-

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Common questions about Osmo

When was Osmo founded?Osmo was founded in 2023.
Where is Osmo headquartered?Osmo is headquartered in New York City, NY, United States.
Is Osmo publicly listed?No, Osmo is a private, VC-backed company.
How much funding has Osmo raised?Osmo has raised $130M across 2 funding rounds.
What was Osmo's last funding round?Osmo's last funding round was a $70M Series B in February 2026, led by Two Sigma Ventures.
Who are Osmo's investors?Osmo's investors include Two Sigma Ventures, Amplo, GV, Amazon, Atreides Management, Lux Capital, Bill & Melinda Gates Foundation, Alumni Ventures, Collaborative Fund, Valor Equity Partners and 5 others.
Which companies are comparable to Osmo?Companies comparable to Osmo include SambaNova, Nebius Group, Crusoe Energy Systems, Nscale, Relativity Space and Tempus AI.

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