Aroma Bit Secures 250M JPY in Series A Funding

aroma bitAroma Bit, Inc., a Tokyo, Japan-based provider of compact odor imaging sensor and innovative service using the sensor, raised 250m JPY in Series A funding.

Backers included Sony Innovation Fund, Sony Corporation’s corporate venture capital arm.

The company intends to use the funds to accommodate market liftoff of digital olfactory market.

Aroma Bit designs, develops, manufactures and sells compact odor imaging sensor and innovative services using the sensor. Its compact odor imaging sensor is a odor sensor device that outputs visual pattern when exposed to various odor, mimicking living olfactory system. It has market tractions from global top tier customers in the area such as food and beverage, consumer goods, cosmetics, industrial machineries, robotics, mobilities, healthcare, agriculture, marketing, among others.

Furthermore, during 2019, the company plans to initiate a new technology and business creation collaboration program. The goal of the program is to develop and establish industry-specific innovative solutions using Aroma Bit’s sensor and data with specific partner companies from various applications and industries.

 

FinSMEs

04/03/2019

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