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- Osmo
Osmo Funding, Investors & Competitors
Osmo has raised $130M across 2 funding rounds, most recently a $70M Series B in February 2026.
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2026 | Series B | Two Sigma Ventures (lead); Amplo; Atreides Management; Alumni Ventures; Collaborative Fund; Valor Equity Partners; Patrick Collison; Lumina Partners | $70M | Osmo 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 2023 | Series A | GV (lead); Lux Capital (lead); Amazon; Bill & Melinda Gates Foundation; Moore Strategic Ventures; Exor Ventures; Two Sigma Ventures; Arena Holdings | $60M | Osmo 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2023 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Lead | Jan 2023 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Lead | Jan 2023 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Jan 2023 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialOsmo Competitors
Osmo competitors include listed companies like Nebius Group and Tempus AI, and private ones like SambaNova, Crusoe Energy Systems, Nscale and Relativity Space.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $11B | - | ||
| Publicly listed | $530M | $512M | $59B | 24.2x | ||
| Private | $276M | - | $30B | - | ||
| Private | $33M | - | $15B | 442.4x | ||
| Private | - | - | $4.2B | - | ||
| Publicly listed | $1.3B | ($131M) | $15B | 10.1x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $216B | $142B | 24.4x | 15.6x | 37.1x | 23.8x | |||
| $120B | $83B | 15.9x | 12.1x | 22.9x | 16.6x | |||
| $64B | $34B | 26.5x | 16.8x | 49.3x | 24.7x | |||
| $37B | $18B | 29.0x | 8.0x | 60.3x | 9.6x | |||
| $71B | $47B | 12.1x | 4.3x | 18.1x | 5.3x | |||
| $35B | $7.1B | 25.4x | 19.0x | 124.8x | 75.6x | |||
| $38B | $14B | 16.5x | 13.3x | 43.7x | 31.7x | |||
| $9.2B | $5.5B | 60.3x | - | 101.9x | - | |||
This data is available for Pro users. Sign up to see all Osmo competitors and their valuation data. Start Free Trial | ||||||||
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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