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Venture Capital News: OLOID Completes $6M Series A1 Round

2024-10-24
SUNNYVALE, CA, OLOID, a leading provider of workplace technology for access and identity management, announces a $6 million Series A1 funding round.
OLOID continues its momentum in transforming the identity management landscape. The company has seen rapid adoption across industries, with significant growth in its customer base and badge registrations. Now, OLOID is set to further accelerate its expansion and innovation following a $6 million Series A1 funding round, led by Yaletown Partners, Exposition Ventures, George Kaiser Family Foundation, Carya Ventures, and existing investors also participated in the round.

OLOID stands at the forefront of physical identity management and automation, offering state-of-the-art passwordless and automation solutions for enterprises. OLOID's objective is to establish a unified security framework by integrating with HR, IT, and various cyber and physical systems, thus enabling a unified digital identity across the organization and the day in the life of the user.
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