OLOID raises $23M total across three rounds AURA AI identity agent lands in the Workday Marketplace Targeting 1.8 billion deskless workers worldwide Backed by Dell, Okta & Honeywell Face. Badge. QR code. No password. SOC 2 Type 2 & ISO 30107-3 certified OLOID raises $23M total across three rounds AURA AI identity agent lands in the Workday Marketplace Targeting 1.8 billion deskless workers worldwide Backed by Dell, Okta & Honeywell Face. Badge. QR code. No password. SOC 2 Type 2 & ISO 30107-3 certified
Sunnyvale, California · Founded 2019

OLOID.

Passwordless identity for the people who never sit at a desk.

Identity & Access Biometric AI B2B SaaS Series A1

Above: the OLOID wordmark, sized for a badge reader that has seen a thousand thumbs.

The Floor, 6:00 AM

A nurse, a shift, and no password

It is the start of a hospital shift. A nurse walks up to a shared workstation that forty other people will touch today, glances at the camera, and is in. No sticky note under the keyboard. No "what was your first pet's name?" No call to a help desk three time zones away. That moment - boring, fast, forgettable - is exactly what OLOID has spent six years engineering.

OLOID is a Sunnyvale software company that does one unglamorous thing well: it lets frontline workers prove who they are without a password. Face, NFC badge, RFID card, a QR code on a tablet - whatever is already in their pocket or on the wall. The pitch is almost suspiciously simple, which is usually a sign someone has been staring at a hard problem for a long time.

"Passwords were designed for keyboards. Most of the world's workers don't have one."The premise OLOID keeps coming back to
The Problem They Saw

1.8 billion people the security industry forgot

Enterprise security has lavished a decade of attention on the laptop. Single sign-on, hardware keys, biometrics baked into every login - all of it built for someone with an assigned device and a quiet desk. Lovely. The trouble is that most of the planet's workforce doesn't fit that picture.

There are roughly 1.8 billion deskless workers - on factory lines, hospital floors, retail backrooms, pharmaceutical clean rooms, contact centers. They share devices. They share doors. They wear gloves. They are, in the polite language of IT, "hard to provision." So they get handed the oldest tool in the drawer: a shared password on a laminated card, or a four-digit PIN everyone on the shift knows by heart.

1.8B
Deskless workers
80%
Of the global workforce
0
New devices required

The market everyone benchmarks but few actually build for. OLOID built for it.

"The deskless worker was treated as a rounding error in identity. OLOID treats them as the whole point."On why frontline-first is the contrarian bet
The Founders' Bet

Software, not turnstiles

OLOID was founded in 2019 by Mohit Garg, Madhu Madhusudhanan, and Shankar Agarwal. Garg is a second-time founder - he previously co-founded MindTickle and helped take it to unicorn status - so he had earned the right to chase a problem that most investors would politely describe as "infrastructure-heavy." Hardware companies sell readers and turnstiles. OLOID's bet was the opposite: leave the hardware alone.

The wager was that enterprises already own the badge readers, the doors, the proximity cards. What they lack is a software layer that turns all that legacy metal into a modern, phishing-resistant identity system - one that speaks FIDO2 and passkeys on one end and a twenty-year-old door controller on the other. Build that bridge, and you don't have to rip anything out.

Co-Founder & CEO

Mohit Garg

Serial founder; previously co-founded MindTickle. Now fixated on identity for frontline teams.

Co-Founder & CTO

Madhu Madhusudhanan

Leads the platform and the biometric AI under the hood.

Co-Founder & GM India

Shankar Agarwal

Runs the India organization that powers much of the engineering.

"Zero new hardware investment. Ride the badge already in the worker's pocket."OLOID's deployment promise, stated plainly
The Product

One platform, several front doors

What started as contactless biometrics has grown into a platform. Each piece solves a different version of the same question: is this really you, and should you be allowed through?

Authenticate

Passwordless & MFA

FIDO2-compliant access via face, NFC, RFID badges, QR codes and proximity cards - for shared devices and physical doors alike.

Verify

AURA AI Agent

Establishes employee identity in real time during help-desk requests, retiring the easily-social-engineered security question.

Automate

Workflow Engine

No-code / low-code automation of identity processes with pre-built connectors to HRIS, SSO and physical access systems.

Track

Smart Time Clock

Tablet-based, contactless clock-in using facial recognition, QR codes and NFC. No buddy-punching.

The newest move is into agentic identity. In 2025 OLOID launched AURA, an AI identity-assurance agent aimed squarely at the help desk - the place most breaches actually start. When an employee asks to reset a password or unlock an account, AURA verifies them with risk-based biometric checks instead of trivia. It now sits inside the Workday Marketplace and integrates with Workday's Agent System of Record.

"The help desk is the soft underbelly of enterprise security. AURA exists to harden it."On why an identity company built an AI agent
Milestones

The OLOID clock

2019
Founded in Sunnyvale to fix identity for deskless workers.
2021
$5M seed and launch of a contactless biometrics platform for frontline teams.
2022
$12M Series A led by Dell Technologies Capital, with Honeywell Ventures and Okta Ventures.
2023
Partners with VSBLTY and Zwipe to bring biometrics to workplace access control.
2024
$6M Series A1 led by Yaletown Partners - $23M raised in total.
2025
AURA AI identity-assurance agent launches and lands in the Workday Marketplace.
The Proof

Names on the badge readers

A passwordless story for frontline workers is easy to tell and hard to sell - the buyers are skeptical, the compliance bar is brutal, and "it works in the demo" means nothing on a loading dock. So the more interesting evidence is the logo wall. OLOID's publicly referenced customers and design partners read like a tour of the physical economy: Dell, DoorDash, Flex, Kraft Heinz, Tyson Foods, Honeywell, PepsiCo, Quest Diagnostics, General Electric, Takeda.

The compliance stack backs it up where it counts for regulated industries: SOC 2 Type 2, ISO 30107-3 for biometric anti-spoofing, and EPCS certification for prescribing workflows in healthcare. Investors with a vested interest in identity - Okta and Honeywell among them - put money in, which is a useful tell.

Funding, round by round

USD raised · $23M total across three rounds
Seed · 2021
$5M
Series A · 2022
$12M
Series A1 · 2024
$6M

Not a moonshot raise - a deliberate one. Identity infrastructure rewards patience over fireworks.

"Okta and Honeywell don't invest in identity startups for the optics. They invest in the ones they'd consider buying from."Reading the cap table

"Enabling a unified identity and frictionless access for deskless workers."

OLOID's mission, in its own words
The Mission

Frictionless is the whole strategy

OLOID frames its goal as accelerating the path to a passwordless future, "especially for frontline workers and shared devices." The qualifier is the entire company. Plenty of vendors will sell you passwordless for knowledge workers. Far fewer will design for gloved hands, no email address, and a device touched by the next person in ninety seconds.

There is a quieter ambition underneath it. If you can establish a trusted identity for a worker who has none of the usual anchors - no corporate laptop, no personal device on the network, no inbox - you can extend almost anything to them: secure access, time tracking, provisioning, even the right to approve a high-risk action. Identity becomes the platform, not the feature.

"Solve identity for the worker with nothing, and you can give them everything else."The mission, restated as a roadmap
Why It Matters Tomorrow

The agents are coming for the help desk

The next few years of enterprise security will be defined by a new and slightly unsettling question: when an AI agent acts on a worker's behalf, who exactly authorized it? OLOID's AURA and its announced FIL - frontline human-in-the-loop - are early attempts to put a verified human in that loop, with policy-based risk checks before an autonomous agent does something irreversible.

It is a logical extension of the original bet. The company started by proving a frontline worker is real at a door. Now it wants to prove a human is real before an agent resets a credential or approves a transaction. Same question, higher stakes. With 86 people and $23M behind it, OLOID is not the biggest name in identity - but it has picked the part of the market that the biggest names kept skipping.

"Whoever owns trusted identity for the frontline owns the layer every AI agent eventually has to ask permission from."The bet for the decade ahead

Back at that hospital workstation: the nurse is already three tasks deep into the shift. She never thought about the login, because that was the point. The password didn't get stronger. It disappeared. OLOID's whole wager is that this is what good security looks like - not a wall you notice, but a door that quietly knows you.

Worth Knowing

Four things that stick

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