OLOID funding, investors and company details

OLOID is an emerging Information Technology - Enterprise Technology startup from Bengaluru, working in the space of Passwordless authentication platform for frontline and deskless workers, enabling secure access to shared devices and physical spaces using facial recognition. Founded by Shankar Agarwal.

Company: Oloid Tech Private Limited
Sector: Information Technology - Enterprise Technology
Location: Bengaluru
Founders: Shankar Agarwal
Total funding raised: ₹141.02 Cr

Company overview

OLOID provides a passwordless authentication platform for frontline and deskless workers, enabling secure access to shared devices and physical spaces using facial recognition, RFID badges, NFC, QR codes, and biometrics. The solution integrates with HRIS, SSO, and physical access control systems (PACS) for automated user onboarding, time tracking, and no-code workflows that unify cyber-physical security without hardware overhauls. It serves industries like manufacturing, healthcare, retail, and pharmaceuticals, reducing password fatigue while ensuring compliance and efficiency for over 65,000 users across 2,500+ locations.

Funding rounds

Latest round (Series A): $ 6.00 Mn (₹50.44 Cr.), 2024-10-24. Investors: Yaletown Partners, Exposition Ventures, George Kaiser Family Foundation, Carya Ventures
Past round (Series A): $ 12.00 Mn (₹90.59 Cr.), 2022-02-09. Investors: Honeywell Venture, Okta Ventures