Digitizing Olfaction

From pharmaceuticals to publishing, digitalization is impacting every industry, including olffaction. No wonder then that investors are drawn to Aryballe, a digital olfaction company that combines biochemistry, advanced optics and machine learning to mimic humans’ sense of smell. The Grenoble, France based company just raised 7 million euros (about $8 million) in a recent round of international funding.It involved new investors Samsung Venture Investment Corp. and Seb Alliance, as well as existing investors Innovacom, Cemag Invest, Asahi Kesei and HCVC. Aryballe’s total funding now stands at 17 million euros. 

“Digital olfaction is the next wave in smart sensors,” Aryballe said in the statement. “Organizations across industries, from automotive to food and beverage to consumer applications and personal care and cosmetics, rely on machine-learning-powered digital olfaction to accelerate R&D projects, reduce maintenance costs and provide better customer experiences.”

The company said this new funding will enable it to expand manufacturing operations to meet accelerating demand for its newest high-volume, low-cost universal odor sensor as organizations across the globe look to enhance the capabilities of existing smart sensor networks.