KODE Labs Raises $30M Series B to Power Smart Buildings

The company’s technology has proven to reduce energy consumption and carbon emissions by up to 30 percent.

Published on Apr. 15, 2024
KODE Labs Raises $30M Series B to Power Smart Buildings
Photo: Shutterstock

KODE Labs, an autonomous smart building company based in Detroit, has secured $30 million in Series B funding to accelerate its mission of helping buildings worldwide achieve net-zero emissions. Maverix Private Equity led the round.

KODE Labs aims to enhance the intelligence, health and efficiency of buildings by integrating data from various building management systems, IoT devices and operational systems into a unified, cloud-based infrastructure. The company serves clients including Fortune 500 corporations, retailers and financial institutions across sectors including commercial, mixed-use, high-rise residential, life sciences and industrial domains.

The company’s platform reduces energy consumption and carbon emissions by up to 30 percent on average. With the new funding, KODE Labs plans to enhance its AI development and expand its market share, while creating buildings that prioritize human experience and environmental impact.

This article was written by Writer, a generative AI tool, using information from press releases and company blogs provided by our staff. All content was reviewed by a Built In editor and went through a fact-checking process to ensure accuracy. Errors can be reported to our team at [email protected].

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