Oloid
Latest round
- Series A
Last raised
- Aug 2024
Total raised
- $22M
Investors
- 10
About Oloid
Oloid Inc.Oloid Inc. develops innovative authentication solutions aimed at improving access for deskless employees. Founded in 2018 in Sunnyvale, US by Madhu Madhusudhanan and Mohit Garg, the company has successfully completed three investment rounds.Oloid specializes in passwordless authentication solutions designed specifically for frontline workers and deskless employees. Their core offerings include seamless, secure access to digital and physical resources, eliminating the need for traditional password systems. Key functionalities encompass continuous authentication, real-time verification, and automated compliance processes, aimed at enhancing security without requiring users to manage physical devices. Oloid's technology caters to various industries, including manufacturing, retail, healthcare, and contact centers, providing functionalities such as tablet-based time tracking, secure login to shared devices, and easy self-service password resets.Oloid generates revenue through subscriptions to its passwordless authentication services, typically structured as B2B transactions with various organizations that utilize their solutions for workforce management and security. Clients may engage in multi-year contracts that encompass a range of services, including the implementation of Oloid's comprehensive identity access framework and ongoing customer support. For instance, a retail client might subscribe to Oloid's solutions, enabling passwordless login for employees at point-of-sale (POS) devices, while also leveraging integration with existing IT systems for enhanced operational efficiency. The pricing mechanism often involves tiered plans based on the scale of deployment, allowing businesses to select options that best fit their user base and operational needs.In October 2024, Oloid Inc. The company plans to design and launch new products aimed at enhancing its service offerings while targeting expansion into new markets. Specific regions targeted for this geographic expansion include North America and Europe, with a focus on establishing a stronger presence by the end of 2025.
Who invested in Oloid
10 investors across 3 rounds
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Questions about Oloid
Who invested in Oloid?
Oloid has 10 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Oloid raised?
Oloid has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Oloid last raise money?
Oloid's most recent round on record is a Series A, in Aug 2024.
What does Oloid do?
Oloid is a software company.
Where is Oloid headquartered?
Oloid is headquartered in Sunnyvale, US.
Which VCs invest in companies like Oloid?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Oloid's stage. Their profiles are linked below.
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