Kode Labs raises $8m to advance its smart building platform

Kode Labs raises $8m to advance its smart building platform

2 years ago
Anonymous $CIOZ56dzxX

https://techcrunch.com/2022/09/21/kode-labs-raises-8m-to-advance-its-smart-building-platform/

RiverSouth is called the smartest building in North America and features a wild array of technology for tenants, business owners, and real estate managers. Kode OS underpins the building’s systems, a real estate platform developed by the Detroit-based startup, Kode Labs. The platform ingests data from any number of systems and provides users with a unified experience that can do everything from controlling lighting to lowering carbon emissions.

Today, the five-year-old company is announcing its first capital raise with an $8 million round led by I Squared Capital. Since its founding in 2017, Kode Labs has been self-funded by its founders, brothers Etrit and Edi Demaj. The two sold their last company, Rocket Fiber, to Everstream for an undisclosed amount. The Kode Labs company name plays homage to Kosovo and Detroit — KO for Kosovo and DE for Detroit. The co-founders Etrit and Edi Demaj are from Kosovo and had to flee the war-torn country in 1999.