Aroma Bit secures funds to develop next-generation odor imaging sensor
Category: #business  By Saipriya Iyer  Date: 2019-11-11
  • share
  • Twitter
  • Facebook
  • LinkedIn
Aroma Bit secures funds to develop next-generation odor imaging sensor

The company has undertaker shares with Sony Innovation Fund by IGV, which will be used to enhance the feature of its odor sensors.

Aroma Bit, Inc., a Tokyo-based tech organization, has reportedly undertaken a 3rd party allocation of new shares with the Sony Innovation Fund by IGV. Reportedly, the move aims at acquiring growth funds that are necessary for future functionality enhancements and miniaturization of Aroma’s compact odor sensors as well as the advancement of business development, mass production capability and more.

Sources cite that this round, together with the recent capital increase from East Ventures and Japan Tobacco Inc., has brought Aroma’s total raised funding to 450-million-yen. Moreover, it would stimulate the enhancement of the company’s sensors with semiconductorization, to expand the digital olfactory market.

For the record, Aroma’s compact odor imaging sensor can generate a visualization pattern from various odors inputs. It can achieve advanced odor resolution and, with being inexpensive and small, could help manufacturers and IT companies across the globe to form join projects with odor sensor hardware as well as with the utilization of digital odor data.

Moreover, the smell sense is the least digitized of the five senses, and the digital olfactory technology market is near to enter the takeoff phase.

Reports suggest that, with this third-party allocation of new shares, Aroma Bit would be using its technical strength to achieve mass production. Moreover, the company is planning to strengthen and expand its management system to support the development and improvement of new services and products that leverage its odor sensor hardware and digital odor database.

Aroma is also planning to expand the development of sales and marketing systems across the globe. It would continue to work on its vision to ‘enrich society through digitized trough odor imaging technology’.
 

Source Credit - https://aromabit.com/20191111sonyfollowon/

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Saipriya Iyer

Saipriya Iyer    

Saipriya Iyer currently works as a content developer for GroundAlerts. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had previous experience of 3 years under her belt, she has dabbled with website ...

Read More >>

More News By Saipriya Iyer

iKure Techsoft looking to raise USD 5 million in Series A funding round
iKure Techsoft looking to raise USD 5 million in Series A funding round
By Saipriya Iyer

Ratan Tata funded iKure Techsoft, a technology-driven healthcare services startup, is reportedly planning to raise capital for expanding its presence in home grounds and beyond borders while strengthening its technology solutions. Sources with knowl...

Apple to launch self-driving cars with new battery technology in 2024
Apple to launch self-driving cars with new battery technology in 2024
By Saipriya Iyer

American multinational technology company, Apple Inc., has reportedly made advances in its self-driving car technology project and is planning on initiating the production by the year 2024. Although the tech giant has never publicly acknowledged thi...

Eurofins Technologies launches new product line for allergen detection
Eurofins Technologies launches new product line for allergen detection
By Saipriya Iyer

Leading distributor of test kits and systems for laboratory research, Eurofins Technologies, has reportedly introduced SENSIStrip Allergen, a new lateral flow device product line for detecting allergen in packaged food products. For those uninitiate...