oloid

Overview

OLOID is a pioneering company headquartered in Sunnyvale, California, focused on converging cyber and physical security solutions. Specializing in passwordless authentication for deskless workers, OLOID serves a wide range of sectors including manufacturing, retail, healthcare, pharmaceuticals, and contact centers. Their innovative solutions are designed to streamline business operations and enhance employee experience through advanced biometric verification and no-code automation platforms.

Leadership Team

• Mohit Garg - Co-Founder & CEO

• Education: Stanford University

• Recognition: Featured in the #Leaders50 list by Thinkers50

• Professional Background: Co-founder of Mindtickle, responsible for strategic direction at OLOID.

• Madhu Madhusudhanan - Co-Founder & CTO

• Experience: Enterprise software executive, affiliated with StartX

• Role: Guiding the technological innovations at OLOID.

• Shankar Agarwal - Co-Founder & Head, Engineering

• Location: Bengaluru, India

• Experience: Over two decades in tech, previously with Cisco and Audatex

• Responsibility: Leading the engineering efforts at OLOID.

Key Offerings and Integrations

1. Passwordless Authentication: Employs biometric and device-based methods for secure, frictionless access for frontline workers.
2. Integration Workflows: A no-code platform that automates identity-related processes, enhancing security and operational efficiency.
3. Time Clocking Solutions: Utilizes contactless systems through facial recognition and access cards, integrating seamlessly with time and attendance frameworks.
4. Comprehensive Identity Management: Integrations with HRIS, SSO, and PACS streamline user onboarding and access management.

Recent Achievements and Investments

• Successfully secured $6 million in a Series A1 funding round, led by Yaletown Partners and Exposition Ventures, aimed at expanding identity solutions for deskless workers.

• Partnered with BeyondID to enhance secure workforce identity management.

Industry Advocacy

OLOID is committed to delivering seamless security solutions tailored to industry-specific needs:

• Manufacturing: Provides end-to-end authentication for operational technologies.

• Retail: Enhances access control for point-of-sale devices.

• Pharmaceuticals: Supports regulatory requirements with compliant, hands-free system access.

• Contact Centers: Implements facial biometrics for secure and efficient agent logins.

Testimonials

• Peter Hunt, VP Security & Resiliency at Flex: Commends OLOID for upholding high security standards at Flex.

• Robert Fowler, Global Director of IT at Tyson Foods: Highlights the ease of application access from OLOID's integrations.

• Crystal Wydler, Sr. Human Resource Director at White Horse Village: Appreciates the seamless experience with OLOID’s Time Clock product.

Vision and Future Directions

OLOID envisions transforming workplace authentication by making physical identity management more adaptable and cost-effective via SaaS models, focusing on delivering secure, compliant, and user-friendly identity solutions for deskless workers globally.

Competitor Profiling

Key Competitors and Alternatives

Oloid's competitive landscape comprises companies offering varied security solutions:

1. Kairos

• Focus: Identity verification and facial recognition

• Characteristic: Developer-centric, attractive for high-security environments

• Financials and Workforce: $3.8M annually, 63 employees

• Industries: FinTech, education

2. FaceFirst

• Specialty: AI-powered face matching for retail and airports

• Location: Austin, Texas

• Focus: Secure, scalable, and privacy-centric solutions

3. Daon

• Features: Identity assurance and authentication, CIAM platforms, deepfake defense

• Industries: Financial services, healthcare

4. Sensorberg

• Expertise: Digital access solutions for commercial real estate and self-storage

• Location: Berlin

• Technology: IoT-enabled systems for building management

5. Rhombus Systems

• Offering: Cloud-managed physical security solutions

• Emphasis: Customizable security platforms for enterprise-level needs

Notable Technologies and Innovations

• Facial Recognition and Identity Verification: Utilized by companies like Kairos and FaceFirst with AI and deep learning.

• IoT and Cloud Solutions: Employed by Sensorberg for access management and Rhombus for cloud security systems.

• Deepfake Detection and Defense: Implemented by Daon to counter AI-generated threats.

Oloid navigates a competitive market where each rival provides distinct advantages—whether through Kairos's verification solutions, FaceFirst's ethical facial recognition, Daon's comprehensive authentication, Sensorberg’s IoT-based management, or Rhombus’s cloud solutions.