Scalare Partners Invests in Auric as AI Scent Technology Company Establishes Scent Lab at Tank Stream Labs

Scalare Partners Holdings Limited (ASX: SCP) has invested in Auric, a Sydney-based company developing an AI-powered Scent Intelligence™ platform. Auric has also established the Auric Scent Lab at Tank Stream Labs in Sydney to scale production and accelerate commercial development. While the investment is not material to Scalare, it aligns with their strategy of supporting early-stage Australian technology companies by providing capital, infrastructure, and access to a network of founders, investors, and commercial opportunities. Auric, founded by Adam Good and Alex Cutri, combines hardware, AI, software, and scent for personalized environments. They have developed their first commercial Auric Aromasphere device and previously received backing from Antler and Sputnik ATX. Scalare's investment provides local institutional support and a physical base for Auric within the Tank Stream Labs community. Scalare's CEO, Carolyn Breeze, highlighted the importance of this ecosystem approach for early-stage companies.