Oloid, a Sunnyvale, CA-based provider of workplace technology for access and identity management, raised $6m in Series A1 funding.
The round was led by Yaletown Partners, Exposition Ventures, George Kaiser Family Foundation, Carya Ventures, with existing investors also participating in the round.
The company intends to use the funds to expand operations and its development efforts.
Led by Mohit Garg, CEO, Oloid provides identity management solutions for deskless workers, which aim to establish a unified security framework by integrating with HR, IT, and various cyber and physical systems. The platform offers access control through multi-modal biometric authentication, modernizing security for deskless and frontline workers. By integrating with existing systems, Oloid enables organizations to enhance their physical security infrastructure without the need for costly overhauls.
Customers include Flex, Tyson Foods, and Honeywell.
Oloid also announced it has become a Workday Innovation Partner and achieved Workday Certified Integration status. Through this integration, the company can provide customers with a more streamlined integration that connects Workday Human Capital Management (HCM) and Workday Time Tracking with the OLOID Time Clock.
FinSMEs
24/10/2024