Aryballe, a Grenoble, France-based digital olfaction company, raised €7m in funding.
Backers included investors across Europe, North America, and Asia, including new investors Samsung Venture Investment Corp (Samsung Ventures) and Seb Alliance (Groupe SEB’s corporate venture arm) as well as existing investors INNOVACOM, CEMAG INVEST, Asahi Kasei, and HCVC. The round brings the company’s total funding to date to €17m.
The funding enables Aryballe to build out its manufacturing operations to meet accelerating demand for its universal odor sensor as organizations across the globe look to enhance the capabilities of existing smart sensor networks and double current headcount across engineering and product positions.
Led by Sam Guilaumé, CEO, Aryballe combines biochemical sensors, advanced optics, and machine learning in a single objective solution to collect, display and analyze odor data so companies can make better decisions. Founded in 2014, the company released its first product, the digital nose NeOse Pro, in early 2018, which captures odor signatures for display and analysis via software solutions that enable better decision making for R&D, quality control, manufacturing and end user experiences. With operations in France and the USA, Aryballe works with global leaders in automotive, consumer appliances and flavor & fragrances.