· investment-strategies · 1 min read
Two Sigma Ventures Leads Osmo $70M Series B in Digital Olfaction
Two Sigma Ventures led Osmo’s $70M Series B to scale digital olfaction, one of the firm’s final marquee rounds before its spinout into Deviation Capital.
Two Sigma Ventures led Osmo’s $70M Series B, announced in February 2026, backing a company scaling digital olfaction — giving computers a sense of smell — across industries.
Key facts
- Lead investor: Two Sigma Ventures
- Company: Osmo (digital olfaction)
- Round: $70M Series B
- Date: February 2026
- Other investors: Valor and others
Why this matters
Osmo is emblematic of Two Sigma Ventures’ thesis of backing technical founders applying data and computing to novel problems. It was among the firm’s marquee rounds shortly before the team spun out to become the independent Deviation Capital in May 2026.
Sources
- Osmo $70M Series B (via Two Sigma Ventures updates): https://www.linkedin.com/company/two-sigma-ventures
- Deviation Capital launch (Business Wire): https://www.morningstar.com/news/business-wire/20260504832753/deviation-capital-launches-with-2b-aum-following-spinout-from-two-sigma
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