Aryballe, which makes a “digital nose” capable of identifying smells, announced today that it has raised €7 million ($7.89M USD) in new funding. The round featured new investors Samsung Venture Investment Corp. and Seb Alliance as well as existing INNOVACOM, CEMAG INVEST, Asahi Kasei, and HCVC. This brings the total amount of funding raised by Aryballe to €17 million ($19.24M USD).
The new sensor is smaller than a paperclip and is equipped with Aryballe’s proprietary combination of biosensors, which capture odors in seconds. Aryballe’s software then matches the signals captured with a database of previously collected and analyzed odors to mimic the human sense of smell.
There are a lot of industrial applications for digital smelling technology. Specifically as it relates to food, Aryballe’s nose could be installed in an oven to “smell” when food is burning, or it could be placed in a fridge to let you know if food is going bad. Aryballe’s tech could also be used in coffee roasting, or to help verify the authenticity of raw ingredients like vanilla.
Aryballe also makes the standalone, handheld NeOse Pro device that can also be used for odor analysis.
Aryballe isn’t the only company making a digital nose. Stratuscent‘s eNose is based on NASA patents and was on display at CES earlier this year.
With its new funding, Aryballe said that it will double the company’s current headcount across engineering and product positions and scale up the industrialization of its technology.