The smartest building in North America is RiverSouth, which has a lot of technology for tenants, business owners and real estate managers. The real estate platform developed by Kode Labs is underpinned by Kode OS. A unified experience that can do everything from controlling lighting to lowering carbon emissions is provided by the platform.
I Squared Capital is leading the $8 million capital raise for the company. Kode Labs has been self funded since it was founded by brothers. The two sold their last company to Everstream. Kosovo and Detroit are both homages to the Kode Labs company name. Kosovo was ravaged by war in 1999 and the co- founders had to flee.
We are excited to partner with top PropTech investors who bring a lot of market expertise and financial backing to the table. The funding will allow us to continue to invest in R&D while maintaining our competitive advantages.
I Squared Capital has a lot of experience in the real estate business, according to an interview with I Squared Capital's founder. The fund is committed to reducing carbon emissions and energy usage. That is a large call of their fund. The other 50 VCs approach was not as good as theirs. They aren't just putting in money. They are interested in helping.
The company said it was profitable before this raise. The company will benefit from the capital.
Over 100 different integrations have been done with different systems across a variety of different industries that are now in our catalog. Billions of data points are held by us. Adding more data scientists and engineering to drive our core thesis of bringing everything in, visualizing it, and command, control, and analysis to drive an efficient real estate portfolio was one of the reasons we raised this round.
Kode OS is a cloud-first platform that is vendor-neutral. This is new in the real estate space, where many operations use on-site server and platforms to control their equipment. These systems are usually locked down and unable to communicate. By hosting the platform in the cloud, clients can access a building's integrated services.
Every client the company has ever signed up is still with the company. This is a testament to its innovative technology and dedication to customer service, according to the founders. The ability to quickly scale to meet the needs of different clients is one of the reasons why Demaj is so good.
RiverSouth is a building in Austin. It was chosen as the smartest building in the world. The whole building was done by us. It is one of the most efficient buildings in the world, it has a cool experience, and it is the most profitable building in Austin, which is the hottest market in America. They have a smart building from start to finish. It has low carbon emissions and low energy use, because it is perfect.
Kode labs is in Detroit. The company has a second office in Kosovo. The company has seen tremendous growth since it was founded. Sales and employee headcount both increased over the same time period. Kode labs serves 200 million square feet of real estate on three continents and works with companies and organizations of all sizes
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