Codi, the Andreessen Horowitz-backed startup founded by Christelle Rohaut and Dave Schuman, is launching the first AI-powered platform that fully automates office management.
Codi was founded in 2018, in pre-pandemic times, and its mission is to assist corporations find flexible office spaces. As TechCrunch previously reported, it was more of a marketplace that matched corporations with buildings that offered flexible office arrangements. Codi then assisted with the move.
Rohaut, the company’s CEO, said she and her team at the time used to manually manage office spaces and vendors for their clients, but recent advances in artificial intelligence have allowed them to essentially automate themselves.
“In the previous Codi model, you had to acquire space using Codi. Now, regardless of the office you rent, you can use it to automate office logistics,” she said about her latest AI SaaS product.
The startup released a beta version of its latest AI office management product in May and officially launched it on Tuesday. The company last raised a $16 million Series A round in 2022, led by a16z, and has already raised $23 million so far.
The technology comes as returning to the office becomes more popular across corporate America. “Office management is still very manual and flawed,” Rohaut, the company’s CEO, told TechCrunch. She added that just running an office can cost corporations at least $80,000 a yr.
The role of the office manager has also modified over the years. In the post-pandemic world, as corporations transitioned to distant and hybrid work, the formal office manager position often went unfilled. When corporations have an office manager, they often spend more time planning events than on office logistics, she added.
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Rohaut said she and her team trained Codi’s artificial intelligence based on all the knowledge and data amassed over the past few years. The vendors the company uses are put into the AI system, and then the AI coordinates office needs resembling restocking supplies and cleansing out the pantry. The company reported that it took just five weeks to succeed in $100,000 in ARR after releasing the beta.
“This new platform is estimated to save hundreds of hours annually on administrative tasks,” she said. Codi charges a monthly, subscription-style management fee that is “a fraction of the cost of an office manager or part-time office manager, or even a fractional EA,” Rohaut continued.
Rohaut said that a “significant portion” of their office space management clients are transitioning to using the AI platform. Rohaut said the latest Codi product, which is in beta, has already signed contracts with 40 latest corporations resembling TaskRabbit and Northbeam.
Rohaut sees Codi’s competitors as legacy management corporations and workplace experience platforms like Envoy. Unlike legacy management corporations, Codi eliminates the have to vet, hire and coordinate worker activities with each vendor because execution is autonomous and the platform integrates a curated network of service providers, Rohaut said.
Additionally, in comparison with workplace platforms, Codi helps coordinate the handling of physical operations in the office, she continued.
“Codi is building a future where offices can drive themselves, just like cars can drive themselves,” she continued. “We want to completely remove the logistical burden of managing physical spaces and free up human talent to focus on workplace culture and development.”
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