The round was led by Dell Technologies Capital with participation from Honeywell Ventures, Okta Ventures and other previous investors. The funding, which brings Oloid's total raised since inception to $17 million, will be used to help expand Oloid's retrofit access control products portfolio and build nationwide sales and marketing operations.

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 antiquated technologies such as pin-pads, badges and fingerprint readers, with frictionless identity based single sign-on for all physical access and authentication needs in a workplace. Oloid offers Industry's first 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.