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Osmo Receives $8.5 Million In Funding To Support Advancement In Ai-Enabled Insect Control

PRIVATENov 08, 2023•over 2 years ago

Amount Raised

$8.5 Million

New YorkSoftwareArtificial Intelligence

Investors

Bill & Melinda Gates Foundation

Description

Osmo, a machine olfaction startup, announced the receipt of a $3.5 million grant from the Bill & Melinda Gates Foundation to advance the company's AI-enabled scent platform for discovering and producing compounds that repel, attract, or destroy disease-carrying insects to improve animal and human health. The grant is in addition to a $5 million equity investment in Osmo that the foundation made at the company's January 2023 launch.

Company Information

Company

Osmo

Location

New York, New York, United States

About

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.

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