USA – Oloid, a Sunnyvale, Calif.-based creator of software-based physical access technology, closed its $12m Series A funding round.
The round, which brought Oloid’s total raised since inception to $17m, was led by Dell Technologies Capital with participation from Honeywell Ventures, Okta Ventures and other previous investors.The company intends to use the funds to expand its retrofit access control products portfolio and build nationwide sales and marketing operations.Led by Mohit Garg, Co-founder and CEO, Oloid is a physical identity software provider committed to providing secure and privacy-forward authentication for the modern workplace. Oloid’s vision is to replace pin-pads, badges and fingerprint readers, with identity based single sign-on for all physical access and authentication needs in a workplace. The company offers a multi-modal authentication software reader for enabling mobile and facial access for employees, contractors and visitors while coexisting with the existing locks, badge readers and access control systems. 08/02/2022
