KODE LABS
Overview
KODE Labs is an innovative company specializing in autonomous smart building technologies aimed at enhancing building intelligence, efficiency, and sustainability. It was founded in October 2017 by Edi Demaj, Etrit Demaj, and Gentrit Gojani. The company is based in Detroit, Michigan, and has made significant strides in transforming real estate management through its proprietary data-centric operating system, KODE OS. As of 2024, KODE Labs has raised a total of $30 million in Series B funding, supported by investors such as Maverix Private Equity, TELUS Ventures, and I Squared Capital.
Recent Developments
- September 2024: KODE Labs was awarded a $14 million contract by the General Services Administration (GSA) for the development of a Unified User Interface (UUI) solution. This contract underscores KODE Labs' growing influence and recognition in the field of smart building technology.
- August 2024: The company appointed Ben Dwyer, a former Siemens executive, as Senior Vice President of Sales, aiming to bolster its market expansion strategies across North America, Europe, Africa, and the Middle East.
- April 2024: KODE Labs successfully raised $30 million in a Series B funding round led by Maverix Private Equity, with participation from TELUS Ventures and I Squared Capital. This funding is intended to enhance AI development and expand the company’s artificial intelligence-driven platform into new markets.
- April 2024: The company launched KODE OS 2.0, a major update of its smart building platform, allowing users to gain cross-module insights and improve decision-making based on contextualized metrics.
- April 2024: KODE Labs was chosen by The TJX Companies, Inc. to provide an Energy Management Information System (EMIS) platform as part of a strategic initiative to streamline building management operations and optimize energy efficiency.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | October 2017 |
| Headquarters | Detroit, Michigan, USA |
| Founders | Edi Demaj, Etrit Demaj, Gentrit Gojani |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Maverix Private Equity, TELUS Ventures, I Squared Capital |
| Industry | Smart Building Technology |
| Number of Employees | Over 200 |
Early History
KODE Labs was established against the backdrop of a rapidly evolving real estate industry, with a vision to redefine building management systems. The company's foundation lies in the entrepreneurial spirit of the Demaj brothers and Gentrit Gojani, who emigrated from Kosovo to the United States. Leveraging their diverse backgrounds in technology and real estate, they created KODE OS, a platform designed to integrate diverse building systems into a cohesive, centralized management tool. The company started its journey by focusing on creating solutions that improve energy efficiency and operational effectiveness, positioning itself as a key player in the smart building ecosystem.
Company Profile and Achievements
KODE Labs has positioned itself at the forefront of the PropTech industry by offering an open enterprise platform, KODE OS, which unifies building management, IoT, and operational systems. It employs a software-as-a-service (SaaS) model for building optimization, which has repeatedly demonstrated the ability to reduce energy consumption and carbon emissions by up to 30%.
- 2017: Company founded by Edi Demaj, Etrit Demaj, and Gentrit Gojani.
- 2018-2019: KODE Labs established strategic partnerships with major corporations, such as Ford and Hines.
- 2020-2022: Annual recurring revenue growth exceeded 200% per year.
- 2022: Secured $8 million in Series A funding, marking significant business growth.
- 2023: Recognized as Best Tech Innovation in Intelligent Buildings by Realcomm IBCOn.
- 2024: Launched KODE OS 2.0, introducing new AI-driven capabilities.
Current Operations and Market Position
As of 2024, KODE Labs is recognized as a leader in the smart building industry. Its platform has been adopted by Fortune 500 companies, high-rise residential complexes, commercial retail spaces, and various institutional users across five continents. The company's approach to integrating artificial intelligence and machine learning into building operations has set new benchmarks for operational efficiency and sustainability. KODE Labs continues to drive innovation through partnerships and collaborations, aiming to expand its technological offerings and increase its market presence significantly.
Conclusion
KODE Labs stands out as a transformative entity in the realm of smart building technology, leveraging innovative solutions to redefine real estate management. With a robust business model and a track record of strategic partnerships, the company is poised for continued growth and plays a crucial role in the movement toward sustainable and efficient building operations. As global awareness around energy efficiency and carbon impact increases, KODE Labs is well-positioned to make substantial contributions in the pursuit of net-zero emissions in building environments.