The AI-powered scent design platform Osmo secured $70 million in new funding to scale its operations.WHO: 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 the company 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, 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.WHY: The new funding will be used tostrengthen commercial, operational, and financial capabilities as Osmo expands Olfactory Intelligence across fragrance, healthcare, and public safety sectors.IN THEIR OWN WORDS: "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.