What is Oloid?
OLOID operates as a B2B SaaS platform designed to provide advanced physical identity and access management across all workplace environments, emphasizing a mobile-first approach. The platform facilitates secure and privacy-conscious authentication through a unified identity framework, connecting and managing workplace identity and access. This innovative solution addresses the growing need for streamlined and robust security measures in corporate settings, aiming to enhance both operational efficiency and data protection.
How much funding has Oloid raised?
Oloid has raised a total of $23.1M across 4 funding rounds:
Angel/Seed
$5M
Debt
$112K
Series A
$12M
Series A
$6M
Angel/Seed (2020): $5M with participation from Unusual Ventures and Emergent Ventures
Debt (2021): $112K led by PPP
Series A (2022): $12M supported by Dell Technologies Capital, Okta, and Honeywell
Series A (2024): $6M featuring Exposition Ventures, Yaletown Partners, and George Kaiser Family Foundation
Key Investors in Oloid
Unusual Ventures
Unusual Ventures is a venture capital firm that provides programmatic and hands-on services, including workshops and marketing, sales, and recruiting support, to its portfolio companies.
Exposition Ventures
Exposition Ventures focuses on integrating a social layer into businesses to enhance client engagement and interaction, aiming to provide innovative solutions that foster community and collaboration.
Dell Technologies Capital
Dell Technologies Capital is a venture capital company that offers investments in early-stage technology companies, particularly those focused on data, security, and DevOps.
What's next for Oloid?
The substantial enterprise-level backing Oloid has received, particularly the recent strategic investment, positions the company for accelerated scaling and market expansion. This capital infusion is expected to fuel further development of its mobile-first identity and access management platform, enhancing its capabilities in secure and privacy-forward authentication. Oloid is likely to leverage this financing to deepen its market penetration, strengthen its B2B SaaS offerings, and potentially explore new verticals requiring sophisticated identity solutions. The company's trajectory suggests a focus on solidifying its position as a leader in the physical identity and access control sector.
See full Oloid company page
