Workplace technology provider OLOID has raised $6 million in Series A1 funding led by Yaletown Partners.
The funding will support OLOID's expansion, particularly strengthening its engineering and product teams in India.
OLOID aims to enhance its touchless access control platform with multi-modal biometric authentication and improve workplace access and identity management.
The company plans to hire over 100 new employees by 2025 to support its growth.