OLOID Analysis: $6M Raised
What is OLOID?
OLOID is a passwordless identity platform that secures access for frontline workers using various authentication methods. Their approach focuses on eliminating passwords, enhancing security, and improving user experience. This transformation enables seamless access to digital and physical resources in diverse work environments.
Employees
51-200
Founded
2019
Industry
SaaS, Cybersecurity, Hrtech
Latest Funding Amount
$6,000,000
Latest Funding Round Size
$6.0M
Product Features & Capabilities
- Passwordless and MFA for secure access
- No-code workflow automation platform
- Tablet-based smart time clock for time tracking
- Continuous authentication and presence detection
- Auditable shared login for accountability.
How much OLOID raised
Funding Round - $6.0M
RecentOther Considerations
Trusted by industry leaders like Home Depot; Integrates with major platforms like OKTA and Microsoft Entra; Focused on deskless workers and shared device scenarios.
Homepage Pricing
OLOID offers a pricing structure that includes a free trial and a free plan option. However, specific pricing details are not publicly available, and users are encouraged to contact OLOID directly for more information. The pricing is described as transparent, with the final costs being negotiable with the seller.
Reported Clients
- Tyson Foods - They partnered with OLOID to implement a passwordless solution for frontline workers, enhancing access to applications and improving overall work efficiency.
- Flex - The VP of Security & Resiliency highlighted OLOID's contribution to meeting high security standards within their workplace.
- Chesapeake Health Care - They utilized OLOID’s Time Clock for efficient time tracking across multiple locations, emphasizing its reliability and integration capabilities.
- White Horse Village - They praised OLOID's Time Clock product for its fast and seamless operation, significantly improving their time-tracking processes.
- Tracco - The Plant Manager shared a positive experience transitioning from ADP swipe cards to OLOID's facial recognition program, which simplified the clocking in and out process for employees.
Gtm Strategy
OLOID's go-to-market (GTM) strategy reflects a hybrid approach, combining elements of both product-led growth (PLG) and sales-led growth. The website emphasizes user experience and accessibility for frontline workers through various authentication methods, indicating a strong inclination towards a self-service model. The presence of a "Book a demo" option suggests engagement with potential customers, characteristic of a sales-led approach. The lack of explicit pricing information implies a focus on enterprise clients, while customer testimonials highlight the product's effectiveness and seamless experience, supporting rapid user adoption. Additionally, educational resources like a knowledge base and case studies indicate a commitment to self-service learning, aligning with PLG strategies. Overall, OLOID balances both strategies to optimize user engagement and cater to different customer needs.
Tech Stack
OLOID's technology ecosystem, as derived from their job postings, includes a variety of programming languages, frameworks, and tools relevant to both engineering and sales roles. **Programming Languages:**
- JavaScript: Used primarily for frontend development.
- Objective C, Swift, C#, and JavaScript (React.js): Mentioned across various roles, indicating a polyglot approach in their engineering practices.
- React.js: A key framework for frontend development.
- Redux: Used in conjunction with React.js for state management.
- Node.js: Noted for backend development.
- Open Source Tools: Mentioned for automation in quality assurance roles, indicating a reliance on community-driven solutions.
- Passwordless IAM Solutions: Highlighted in sales roles, emphasizing their focus on cybersecurity and identity management.
- Automation Testing Tools: Mentioned in the Quality Assurance Engineer role, indicating a focus on automated testing for mobile applications.
