OLOID, a leading provider of workplace technology for access and identity management, announced it has raised 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.
The company also revealed that it is continuing its momentum in transforming the identity management landscape. And the company has seen rapid adoption across industries, with significant growth in its customer base and badge registrations.
OLOID also revealed it has become a Workday Innovation Partner and achieved Workday Certified Integration status. And through this integration, OLOID can provide customers with a more streamlined integration that connects Workday Human Capital Management (HCM) and Workday Time Tracking with the OLOID Time Clock.
OLOID’s platform provides frictionless access control through multi-modal biometric authentication, modernizing security for deskless and frontline workers. And by integrating with existing systems, OLOID enables organizations to enhance their physical security infrastructure without the need for costly overhauls. This platform emphasizes ease of use, automation, and compliance, addressing the growing complexity of managing secure access in hybrid and modern work environments.
OLOID’s solutions were created to meet the growing demand for secure, scalable workplace access technologies, and the company is poised to lead in the evolution of identity management for the Industry 4.0 workforce. And this new certified integration with Workday will help fuel OLOID’s momentum, positioning the company to scale its digital authentication solutions across various industries and geographies.
OLOID tackles the challenges of modern hybrid work environments, where companies must manage both physical and digital access securely and efficiently. And by simplifying access control and integrating with enterprise systems like Workday, OLOID helps organizations manage identity and security in increasingly complex workplaces.
OLOID’s achievement of Workday Certified Partner status is a significant milestone as it enables deeper integration with the Workday platform. And this certification underscores OLOID’s commitment to delivering secure and enterprise-grade identity solutions that meet stringent technology and service standards. For joint customers, the partnership with Workday will help provide a more streamlined, reliable experience with comprehensive support for easy implementation.
Even though OLOID’s platform integrates advanced technologies, including AI components, its focus remains on practical benefits like ease of use and seamless integration, helping customers streamline their access control and identity management needs. And the AI component enhances automation, supporting more intelligent and adaptive identity solutions.
As OLOID accelerates growth, the company focuses on advancing identity solutions that meet businesses’ security, privacy, and operational needs worldwide.
KEY QUOTES:
“This isn’t just about financial growth—it’s about expanding our mission to redefine workplace access and identity management. Our platform’s ability to integrate seamlessly with existing infrastructure, along with our commitment to frictionless passwordless solutions, enables organizations to enhance both physical and cyber security in a time when it’s needed most.”
-Mohit Garg, CEO of OLOID
“We are thrilled to partner with OLOID as they continue to innovate in identity management. Their focus on passwordless authentication, seamless system integration, and automation makes OLOID a leader in the space. Their AI-powered platform is truly a game-changer for companies navigating the complexities of hybrid work environments.”
-Kamal Vasagiri, Venture Partner at Yaletown Partners
