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OLOID has raised $6 million in a Series A1 funding round led by Yaletown Partners, Exposition Ventures, George Kaiser Family Foundation, and Carya Ventures.
The new investment will support OLOID's growth strategy, with a focus on enhancing its engineering and product divisions in India.
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Shankar Agarwal, Co-founder and General Manager of OLOID India, said, "India offers a deep talent pool, and we are committed to building a strong engineering team here to drive our global initiatives. Our expansion in India is about leveraging the technical expertise available to advance our workplace access and identity management solutions for the global market."
OLOID has received funding to improve its touchless access control platform by adding multi-modal biometric authentication. This will enable organizations to upgrade their security systems without major disruptions.
About OLOID
OLOID is a B2B SaaS platform for advanced physical identity and access at all workplaces, with a mobile-first approach.
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