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Atmo Biosciences

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Developed a solution to accurately profile the gases within the gut, leading to better diagnosis and treatment of gastrointestinal disorders

Melbourne, AustraliaFounded 2018Biotech & Life Sciences
Valuation $25–50M Last recorded · 2023
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Atmo Biosciences

Atmo Biosciences is a digital health company, spun out of RMIT University in Melbourne, Australia, in 2018, that is commercializing a novel approach to diagnosing gastrointestinal (GI) disorders. The company was co-founded by CEO Malcolm Hebblewhite, a former ResMed executive with extensive experience in the medical device industry, alongside the technology's inventors from RMIT, Dr. Kyle Berean, Dr. James John, and Dr. Adam Chrimes. The foundation for Atmo was laid in 2010 when a gastroenterologist approached RMIT, leading to the invention of the core technology in 2011 under the leadership of Professor Kourosh Kalantar-zadeh. Atmo secured exclusive worldwide rights to commercialize the capsule technology in 2018.

The company's core business revolves around the Atmo Gas Capsule System, a vitamin-pill-sized ingestible capsule designed to provide real-time data on the human gut microbiome. This system is marketed to clinicians, specifically gastroenterologists, to aid in the diagnosis and management of common but often debilitating GI motility disorders such as gastroparesis (delayed stomach emptying) and slow-transit constipation. The business model centers on the sale of this diagnostic device, which offers a less invasive and more convenient alternative to traditional procedures like gastric scintigraphy, without exposing patients to radiation. During the test, patients can continue with their normal daily activities.

The Atmo Gas Capsule functions by measuring clinically important gaseous biomarkers—such as hydrogen, carbon dioxide, and oxygen—directly at their source as it travels through the gastrointestinal tract. This data, along with temperature and other sensor readings, is transmitted wirelessly to a receiver and then uploaded to a cloud platform for analysis. This allows clinicians to accurately assess whole-gut and regional transit times, providing objective insights into gut health and microbiome function. A significant milestone was achieved in June 2025, when Atmo Biosciences received US Food and Drug Administration (FDA) 510(k) clearance, paving the way for commercial sales in the United States, which began in July 2025. The company has secured funding through several rounds, including a Series B led by strategic shareholder Otsuka Pharmaceutical, to support clinical studies and commercialization efforts.

Source: Dealroom company data

At a glance

Founded
2018
Headquarters
Melbourne, Australia
Sector
Biotech & Life Sciences

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

  • Innovation Connections
  • MTPConnect
  • ANDHealth

Series A2 investors entered at this stage

  • Alium Capital Management
  • Otsuka Pharmaceutical

Series B and later1 investor entered at this stage

  • Breakthrough Victoria
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇦🇺 Australia · Melbourne HQ
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Market sentiment

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