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Oloid develops a cloud-based platform that delivers AI-powered, passwordless authentication and identity access management solutions. The company's core offering focuses on advanced physical identity and access for various workplaces, employing computer vision and a mobile-first approach to enhance security and operational efficiency. Their technology streamlines access processes by consolidating identity credentials for a unified user experience.
The company was co-founded in 2019 by Madhu Madhusudhanan, Shankar Agarwal, and Mohit Garg. Their insight stemmed from recognizing the pervasive authentication friction in modern workplaces, particularly for frontline workers, and the need for a more secure, seamless, and integrated identity solution that bridges both cyber and physical access domains.
Oloid's platform serves a diverse range of workplaces seeking to modernize their access control and identity management infrastructure. The company’s long-term vision is centered on redefining how individuals interact with their physical environments by establishing a converged cyber and physical security framework, ultimately striving for a future where access is entirely frictionless and inherently secure.
Oloid has raised $23.0M across 3 funding rounds.
Oloid has raised $23.0M in total across 3 funding rounds.
Oloid has raised $23.0M across 3 funding rounds. Most recently, it raised $6.0M Series A in October 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2024 | $6M Series A | Carya Venture Partners, Exposition Ventures, George Kaiser Family Foundation | Dell Technologies Capital, Nokia Growth Partners, Starframe Capital, TY, WestWave Capital | Announced |
| Feb 1, 2022 | $12M Series A | Dell Technologies Capital | Nokia Growth Partners, TY, WestWave Capital | Announced |
| May 1, 2020 | $5M Seed | Emergent Ventures | Nokia Growth Partners | Announced |
Oloid has raised $23.0M in total across 3 funding rounds.
Oloid's investors include Carya Venture Partners, Exposition Ventures, George Kaiser Family Foundation, Dell Technologies Capital, Nokia Growth Partners, Starframe Capital, TY, WestWave Capital, Emergent Ventures.
# OLOID: Passwordless Authentication for the Frontline Workforce
OLOID is a software development company that builds passwordless authentication and identity access management (IAM) solutions specifically designed for frontline workers and deskless employees[1][2]. The company addresses a critical gap in enterprise security: the 1.8 billion global deskless workers who operate on shared devices in manufacturing, healthcare, retail, pharmaceuticals, and contact centers[2][3].
OLOID's core product eliminates traditional password-based authentication through biometric verification, RFID badges, NFC technology, and facial recognition[2]. Rather than forcing frontline workers into IT infrastructure designed for office-based employees, OLOID delivers authentication that works on tablets, kiosks, point-of-sale systems, and industrial HMI applications—reducing access delays while maintaining security compliance[2]. The company serves enterprises across regulated industries where both security and operational continuity are non-negotiable[1].
OLOID operates at the intersection of two powerful trends: the digital transformation of frontline work and the shift toward passwordless security. As enterprises modernize operations and adopt cloud-based systems, they've largely ignored the authentication needs of deskless workers—creating both a security liability and an operational inefficiency.
The company addresses a market timing advantage: regulatory pressure (especially in healthcare and pharmaceuticals) is forcing enterprises to upgrade legacy access controls, while the post-pandemic acceleration of automation and remote work has made shared device security a boardroom priority[1][2]. OLOID's focus on regulated industries—where compliance failures carry significant penalties—positions it in sectors with strong budget allocation for security infrastructure.
By solving authentication for the overlooked majority of the workforce, OLOID influences how enterprises think about inclusive security architecture. Rather than treating deskless workers as an afterthought, the platform normalizes the idea that modern IAM must serve *all* employees, not just knowledge workers[3].
OLOID is well-positioned to capture significant market share in a largely underserved segment. The company's investor backing and focus on regulated industries suggest confidence in both the market opportunity and the team's execution[3]. As enterprises continue digital transformation and face increasing pressure to eliminate passwords entirely, OLOID's specialized approach to frontline authentication will likely become table stakes rather than a differentiator.
The next phase of growth will likely depend on: expanding beyond its core verticals into adjacent industries, deepening integration with major enterprise platforms, and potentially expanding its no-code automation capabilities into broader workforce management. The 1.8 billion deskless workers globally represent a massive addressable market—and OLOID is one of the few companies building specifically for them.
