# Aromyx Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aromyx

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.aromyx.com
- Total disclosed funding: $16M
- Latest round: Series A (Jun 30, 2021)
- Investors on record: 14

## About

Aromyx Corporation develops advanced olfactory sensing technology that accurately measures and analyzes taste and smell, enabling businesses to enhance product formulation and quality control.Founded in 2013 and headquartered in Mountain View, US, Aromyx Corporation specializes in innovative olfactory sensing solutions. The company has successfully pivoted towards developing biosensors that emulate human sensory receptors. The CEO, Chris Hanson, has a background in technology and innovation. Aromyx has completed 8 funding deals, with the most recent being a Series A round in August 2021, raising USD 11.90 mn from investors including Capital Energy and Merus Capital. The total amount raised by the company stands at USD 11.90 mn, with a current valuation of USD 27.42 mn.Aromyx Corporation specializes in olfactory sensing technology, utilizing proprietary biosensors to activate human smell and taste receptors, allowing the detection of various odors and flavors. The technology supports product development, quality control, and market analysis, catering to industries such as food and beverage, health diagnostics, and sustainability. Their offerings are marketed primarily in North America, Europe, and parts of Asia, serving both established enterprises and innovative startups.Aromyx’s revenue model is based on B2B transactions, primarily through subscriptions and partnerships. Clients utilize their cloud-based services for data analytics, which involves comparison and interpretation of sensory data from receptor tests. Revenue is generated as companies leverage these insights for product development and optimization, with contracts tailored to meet individual client needs.In August 2021, Aromyx Corporation raised USD 11.90 mn in funding to advance the development of sensor devices capable of quantitatively evaluating and digitizing the senses of smell and taste. The company aims to expand its product offerings and geographic reach, targeting new markets to enhance its impact in the biotechnology sector. The recent funding will support these initiatives, enabling Aromyx to further innovate and meet growing demand in various industries.

## Funding rounds

- Series A, Jun 30, 2021, $12M — Merus Capital, Ulu Ventures, Sozo Ventures, Rabo Investments, Radicle Growth, Capital Energy
- Seed, Jun 26, 2019, $3M — Merus Capital, Stanford University, Ulu Ventures, Rationalwave Capital Partners, CreditEase Fintech Investment Fund, Radicle Growth
- Seed, Dec 2, 2015, $1.4M — Spring Mountain Capital, DoubleRock, TSVC, Propel(x) Inc., Stanford-StartX Fund

## Investors

- Spring Mountain Capital (https://capitalatlas.ai/funds/spring-mountain-capital) — Seed
- DoubleRock (https://capitalatlas.ai/funds/doublerock) — Seed
- TSVC (https://capitalatlas.ai/funds/tsvc) — Seed
- Propel(x) Inc. — Seed
- Stanford-StartX Fund — Seed
- Merus Capital — Seed, Series A
- Stanford University — Seed
- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Seed, Series A
- Rationalwave Capital Partners — Seed
- CreditEase Fintech Investment Fund (https://capitalatlas.ai/funds/creditease-fintech-investment-fund) — Seed
- Radicle Growth (https://capitalatlas.ai/funds/radicle-growth) — Seed, Series A
- Sozo Ventures (https://capitalatlas.ai/funds/sozo-ventures) — Series A
- Rabo Investments (https://capitalatlas.ai/funds/rabo-investments) — Series A
- Capital Energy — Series A