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Oloid Closes $12M Series A Funding To Scale World’s First Software-Based Physical Access Technology

Feb 08, 2022•over 3 years ago

Amount Raised

$12 Million

Round Type

series a

Sunnyvale

Description

Oloid, creator of the world’s first software-based physical access technology, today announced the close of its $12 million Series A funding round, 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.

Company Information

Company

Oloid

Location

Sunnyvale, California, United States

About

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. For more information visit www.oloid.ai

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