Despite concerns of a slowdown, some investors are still betting on the AI and fragrance booms in 2026. On Thursday, the artificial intelligence-powered fragrance company Osmo announced it has secured $70 million in Series B funding. “What we found missing in the fragrance industry writ large is agility,” said Osmo CEO Alex Wiltschko. “It matters for indie brands who have to move fast or they die. … And on the other extreme are the multinational CPGs, who need agility because they’re losing market share to these [indie] guys.” The Series B funding was led by Two Sigma Ventures, with further backers including Alumni Ventures and Stripe CEO and co-founder Patrick Collison. Continue reading this article on glossy.co. Sign up for Glossy newsletters to get the latest on the business of beauty, fashion and pop culture.
