Kode builds a cloud-first operating system that ingests and normalizes data from more than 130 different building systems (air handlers, fire alarms, elevators, sensors, EV chargers, etc.) and runs applications on top to optimize operations. The company offers an app marketplace with tools for monitoring energy use, tracking carbon emissions, and measuring water consumption, features that also help customers comply with rules such as New York City’s Local Law 97. Kode’s product is used by building managers and owners on five continents and includes Fortune 100 companies and higher education institutions as customers. The company reports it has been profitable from day one, customer churn of zero percent, and annual recurring revenue that has grown 200% year-over-year for the past three years. Kode employs more than 40 people in Detroit and about 150 in Kosovo, plus additional staff elsewhere. It plans to expand its app marketplace and further develop AI-driven optimization for building operations.

Total raised

$30M

Funding rounds

1

Latest round

Series B

Latest activity

Apr 2024