Osmo, the digital scent design company, announced the completion of its Series B funding round of $70M, bringing the company's total capital raised to $130 million. The round was led by Two Sigma Ventures, with participation from new investors including Valor, Atreides, Amplo, Alumni Ventures, Collab Fund, Lumina Partners, and Patrick Collison (CEO and Co-Founder of Stripe), alongside existing investors.

Osmo will utilize the funding to democratize scent design by scaling its proprietary AI-powered olfaction technology, Olfactory Intelligence, across multiple sectors.