Aromyx, a leading company in applying biotechnology and data science to capture unique sensory data, has close an oversubscribed $10 Million Series A round of financing led by Rabo Food&Ag Innovation Fund and SOZO Ventures.
Existing investors Ulu Ventures, Radicle Growth, Capital Energy, and Merus Capital also participated in the round.
The Series A funding will be used to help Aromyx increase capacity and automation capabilities, generate more data, improve AI algorithms, and expand its lab and software teams to meet this growing industry demand.
Company: Aromyx Corporation
Raised: $10.0M
Round: Series A
Funding Month: July 2021
Lead Investors: Rabo Food&Ag Innovation Fund and SOZO Ventures
Additional Investors: Ulu Ventures, Radicle Growth, Capital Energy, and Merus Capital
Company Website: http://www.aromyx.com/
Software Category: proprietary biotechnology platform>AI
About the Company: Aromyx uses the biological receptors from the human nose and tongue to create digital representations of sensory data for multiple applications. Aromyx technology allows our customers to quantify, reproduce and understand human perception in an unprecedented way. Aromyx provides direct testing services, in addition to data analysis and software tools. By enabling clear, reproducible digital representations of smell and taste, Aromyx technology has the potential to be disruptive across a wide range of industries.
Source: https://www.businesswire.com/news/home/20210720005471/en/Aromyx-Closes-10-Million-Oversubscribed-Series-A-to-Keep-Pace-with-Demand-for-Technology-to-Help-Understand-Consumer-Preferences-and-Design-Better-Products