Building Automation Startup Raises $30M

Kode Labs was established to create a single management platform for building automation tools

Scarlett Evans, Assistant Editor, IoT World Today

April 16, 2024

1 Min Read
Smart cities illustration

Kode Labs, a smart building startup, has closed its latest funding round with $30 million for its cloud platform to manage and monitor building automation systems.

The Detroit-based company said the funding marked a “milestone round” and a pivotal moment in creating smart, net-zero emission buildings.

The series B round was led by Maverix Private Equity, with participation from partners Telus Ventures and existing investor I Squared Capital. 

Etrit Demaj, co-founder of Kode Labs, said that with the latest funding round, Kode is in “the best possible position” to combat climate change by making buildings more energy efficient. The funds will be used to expand its app’s reach and to develop its AI tools for building operations.

At the heart of the company’s mission is its enterprise platform, which acts as a one-stop shop to integrate and manage data from various building management systems and smart devices, including fire alarms, occupation sensors and EV chargers.

Business managers can use the platform to automate operations while optimizing energy usage and cutting emissions.

"Users prioritize a seamless experience over managing multiple screens and platforms," said Edi Demaj, Kode co-founder. "Our platform serves as the definitive operating system, offering complete command and orchestration capabilities.

Related:Honeywell, Analog Devices Team on Building Automation Tech, CES 2024

“Leveraging machine learning and artificial intelligence across billions of standardized data points, we enhance user experiences while delivering measurable return on investment in under 12 months."

About the Author(s)

Scarlett Evans

Assistant Editor, IoT World Today

Scarlett Evans is the assistant editor for IoT World Today, with a particular focus on robotics and smart city technologies. Scarlett has previous experience in minerals and resources with Mine Australia, Mine Technology and Power Technology. She joined Informa in April 2022.

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