KODE Labs, a Detroit, Michigan-based cloud-based smart building startup, announced that it raised $8 million in Series A investment.
The round was led by I Squared Capital and other strategic investors.
This funding will allow KODE Labs to continue investing in R&D while maintaining its competitive advantages.
The company has scaled into three continents, attracting some of the world's largest REITs, educational institutions, and corporations while enabling clients and partners to deploy smart buildings seamlessly and affordably.
Since launching, KODE Labs has been revitalizing the smart building space in North America, Europe, and Australia. The company has partnered with notable Fortune 100 companies, including global REITs like QuadReal, Bedrock Detroit and Stream Realty.
Company: KODE Labs, Inc.
Round: Series A
Funding Month: September 2022
Lead Investors: I Squared Capital
Company Website: https://kodelabs.com/
Software Category: Smart Building Software
About the company: Founded in Detroit by brothers Edi and Etrit Demaj in October 2017, KODE Labs is a vendor-agnostic building management platform that optimizes building systems, provides operational savings, and increases profit for real estate owners. KODE Labs delivers a data-centric, intuitive, ROI-driven operating system and an unrivaled client experience that transforms how real estate is managed and experienced. Its smart building operating system, KODE Labs OS, utilizes a software-as-a-service (SaaS) model to standardize and optimize building performance. KODE's platform has delivered energy savings of up to 30% and operational savings of up to 50% across multiple global portfolios. KODE Labs is dedicated to making buildings smarter, healthier, and more efficient to improve the experience for the people that live, work, visit and play in them. KODE Labs has over 100 team members with various backgrounds and experiences.