# Aroma Bit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aroma-bit

- Industry: Semiconductors
- Headquarters: Tokyo, Japan
- Website: www.aromabit.com
- Total disclosed funding: $8.7M
- Latest round: Series D (Feb 9, 2021)
- Investors on record: 7

## About

Aroma Bit, Inc., based in Tokyo, Japan, focuses on developing innovative odor visualization sensors and data solutions, enhancing the intersection of technology and sensory perception for diverse applications.Founded in 2014 in Tokyo, Japan, Aroma Bit, Inc. specializes in the manufacturing of advanced odor visualization sensors. The company secured JPY 50 mn in Series D funding from Meiji Holdings Co., Ltd. in September 2022, marking a significant milestone. Over its operations, Aroma Bit has completed a total of 9 deals, showcasing its growth and strategic positioning in the market. Current company valuation stands at JPY 7,441.46 mn.Aroma Bit, Inc. specializes in the development and manufacturing of advanced odor visualization sensors and associated data solutions. Their primary offering, the 5C-SSM (CMOS), is an embedded sensor module that converts the presence of odor molecules into numerical data through charge variation on the sensor's surface. This technology replicates the way biological noses detect smells, enabling capabilities such as odor data visualization and analysis through their software solutions: ScentifAI™ and Aromalyzer®. ScentifAI™ allows for odor detection and data collection, aimed at business clients such as manufacturers and product developers. Aromalyzer® serves as an analysis platform for storing and evaluating odor data in the cloud. Aroma Bit primarily targets markets in Japan and other technologically advanced regions where there is a demand for innovative sensory technology.Aroma Bit generated revenue of JPY 637,789 in 2021. The company derives its income from sales of its sensor products and subscription services for its software applications. They engage in B2B transactions, partnering with corporate clients who incorporate Aroma Bit's sensor technology into their products, which may include consumer goods, industrial applications, and research tools. Additional revenue comes from contract measurement and analysis services, allowing clients to send their odor samples for testing using Aroma Bit's sensors.Aroma Bit, Inc. plans to leverage the JPY 50 mn raised in Series D financing for expanding its product offerings and enhancing its market presence. Key initiatives include the development of new sensor technologies and software solutions aimed at further streamlining odor data analysis. The company also intends to explore expansion into new markets, particularly targeting regions with a growing interest in sensory technology. These efforts reflect their commitment to connecting people with nature through innovative solutions.

## Funding rounds

- Series D, Feb 9, 2021, $0.9M — Kyocera Corporation, Global Brain, TechAccel Ventures
- Series A, Nov 11, 2019, $0.9M — Sony Innovation Fund
- Series A, Oct 21, 2019, $3.2M — Japan Tobacco, East Ventures
- Series A, Mar 3, 2019, $2.2M — Sony Innovation Fund
- Series A, Feb 16, 2017, $1.3M — Miraisozo Investments
- Seed, Nov 28, 2016 — East Ventures

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed, Series A
- Miraisozo Investments (https://capitalatlas.ai/funds/miraisozo-investments) — Series A
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Series A
- Japan Tobacco — Series A
- Kyocera Corporation — Series D
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series D
- TechAccel Ventures (https://capitalatlas.ai/funds/techaccel-ventures) — Series D