# Aryballe Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aryballe-technologies

- Industry: Hardware
- Headquarters: Grenoble, France
- Website: www.aryballe.com
- Total disclosed funding: $17M
- Latest round: Series A (May 20, 2020)
- Investors on record: 10

## About

Aryballe Technologies SAS develops advanced olfactory sensing technology for the analysis of Volatile Organic Compounds (VOCs), providing innovative solutions across diverse industries such as healthcare, automotive, and food and beverage.Founded in 2014 and headquartered in Grenoble, France, Aryballe Technologies SAS specializes in olfactory sensing technology. The company has raised a total of EUR 6.985 mn through funding, including a Series A round in May 2020, led by Samsung Venture Investment. CEO Tristan Rousselle has been instrumental in guiding the company towards its innovative advancements.Aryballe specializes in the analysis of Volatile Organic Compounds (VOCs) through its innovative olfactory sensing technology. Its core product offerings include the NeOse and NeOse Advance sensors, which utilize silicon photonics-based core sensors functionalized with peptides to capture and analyze complex scent profiles. These products are designed for various applications, including healthcare diagnostics, food and beverage quality control, automotive manufacturing, and cosmetic product development. The NeOse is particularly notable for its portability and rapid analysis capabilities, while the NeOse Advance offers high-performance laboratory analysis enhanced by machine learning. Aryballe serves a diverse client base, including industries in Europe, North America, and Asia, leveraging its technology to provide insights into consumer products and industrial processes.In 2019, Aryballe reported a revenue of EUR 426,782.70 and an EBITDA of EUR -1,279,964. The company's revenue model is structured around the sale of its sensor products and associated software services, including the Digital Olfaction Hub and Advanced Analytics toolset. Transactions primarily occur through B2B partnerships, where companies integrate Aryballe's sensors into their existing systems or utilize them for specialized applications such as quality control and diagnostics. The company's offerings are positioned as both standalone products and integrated solutions tailored to client-specific needs.Following the EUR 7 mn Series A funding round in May 2020, led by Samsung Venture Investments, Aryballe Technologies SAS plans to enhance its product lineup and expand into new markets. This includes the development of upcoming sensor technologies aimed at improving scent analysis capabilities. The company is targeting expansion into North American and Asian markets, to be pursued in the next 24 months, leveraging the recent funding to support product development and market entry initiatives.

## Funding rounds

- Series A, May 20, 2020, $7.6M — Innovacom, Samsung Venture Investment, Asahi Kasei Corporation, SEB Alliance, HCVC, Cemag Invest
- Series A, May 16, 2019, $6.9M — Innovacom, Asahi Kasei Corporation, International Flavors & Fragrances Inc., Hyundai Motor Company, HCVC, Cemag Invest
- Series A, Jan 16, 2018, $0.6M — Innovacom, Asahi Kasei Corporation
- Series A, Aug 24, 2016, $1.9M — Innovacom, CEA Investissement, Asahi Kasei Corporation, Elephants & Ventures, Cemag Invest

## Investors

- Innovacom (https://capitalatlas.ai/funds/innovacom) — Series A
- CEA Investissement (https://capitalatlas.ai/funds/cea-investissement) — Series A
- Asahi Kasei Corporation — Series A
- Elephants & Ventures (https://capitalatlas.ai/funds/elephants-ventures) — Series A
- Cemag Invest — Series A
- International Flavors & Fragrances Inc. — Series A
- Hyundai Motor Company — Series A
- HCVC (https://capitalatlas.ai/funds/hcvc) — Series A
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series A
- SEB Alliance (https://capitalatlas.ai/funds/seb-alliance) — Series A