Codi, a startup backed by Andreessen Horowitz and founded by Christel Rooh and Dave Schumann, is launching what is being hailed as the first AI-powered platform to fully automate office management.
Codi was founded in 2018, pre-pandemic, with a mission to help companies find flexible office space. As TechCrunch previously reported, it was more of a marketplace, matching businesses with buildings that offer flexible office arrangements. Cody then assisted with the move-in process.
Rooh, the company's CEO, said that at the time, she and her team were manually managing office space and vendors for their clients, but recent advances in AI have allowed them to essentially automate it.
“In the previous model of Codi, you had to reserve space on Codi. Now, no matter which office you rent, you can use this to automate your office logistics,” she said of the new AI SaaS product.
The company released a beta version of its new AI office management product in May and officially launched it on Tuesday. The company last raised $16 million in Series A led by A16Z in 2022, and has raised $23 million to date.
The technology comes as a return to the office continues to take hold across America. “Office management is still very manual and broken,” CEO Rohaut told TechCrunch. He added that companies can cost at least $80,000 a year in administrative costs alone to run an office.
The role of an office manager has also changed over time. In this post-pandemic world, formal office manager positions often become vacant as companies transition to remote or hybrid work. When companies have office managers, she says, they often spend more time planning events than running the office.
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Rohau said she and her team trained Codi AI based on all the expertise and data they have accumulated over the past few years. Vendors used by companies will be integrated into the AI system, and the AI will adjust to office needs such as pantry restocking and cleaning. The company said it took just five weeks after releasing the beta version to reach $100,000 in ARR.
“We estimate that this new platform will save us hundreds of hours annually on administrative tasks,” she said. Codi charges a subscription-like monthly management fee, which is “a fraction of the cost of an office manager, a part-time office manager, or even a partial EA,” Rohau continued.
Lohau said a “significant portion” of clients that used to manage office space have transitioned to using AI platforms. Rohaut said the new Codi product has already signed up 40 new companies in beta, including TaskRabbit and Northbeam.
Rohaut believes Codi's competitors are legacy management companies and workplace experience platforms like Envoy. Unlike traditional management companies, Codi is autonomous in execution and the platform integrates a curated network of service providers, eliminating the need for staff to vet, hire and adjust each vendor, Rohow said.
Compared to workplace platforms, Codi also helps coordinate the handling of physical operations within the office, she continued.
“Codi is building a future where offices can drive themselves, just as cars can drive themselves,” she continued. “We want to completely remove the logistical burden of managing physical space, freeing up talent to focus on workplace culture and growth.”
This piece has been updated to reflect the correct spelling of Rohaut's name.