Codi, a promising startup backed by Andreessen Horowitz and co-founded by Christelle Rohaut and Dave Schuman, has just unveiled what it claims to be the first completely AI-driven platform dedicated to automating office management.
Established in 2018, before the pandemic reshaped the workplace landscape, Codi’s original mission was to assist organizations in finding flexible office spaces. Initially, it functioned as a marketplace that connected businesses with buildings offering adaptable office arrangements, while also facilitating the move-in process.
According to CEO Christelle Rohaut, the Codi team initially managed office spaces and vendor relationships manually. However, recent advancements in artificial intelligence have empowered them to automate these processes effectively.
“In our previous model, clients had to secure a space through Codi. Now, regardless of the office you lease, you can use our platform to automate your office logistics,” Rohaut explained, highlighting the capabilities of the new AI software-as-a-service (SaaS) product.
Codi launched its beta version of the AI office management tool in May and publicly announced its official launch on Tuesday. The startup successfully raised a $16 million Series A funding round in 2022, led by a16z, contributing to a total capital of $23 million.
This innovative technology emerges at a time when many companies across corporate America are transitioning back to in-office work. Rohaut noted that office management remains largely manual and inefficient, often costing businesses upwards of $80,000 annually in administrative expenses.
The role of office managers has evolved in the wake of the pandemic. As organizations adapt to remote and hybrid work models, the traditional office manager position has frequently gone unfilled. When such roles are staffed, office managers often find themselves dedicating more time to event planning rather than the logistics of office operations, Rohaut pointed out.
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Rohaut explained that the Codi AI was developed using the extensive knowledge and data the team has gathered over the years. Vendor information is integrated into the AI system, which then manages essential office requirements such as pantry refills and cleaning schedules. Impressively, Codi achieved $100,000 in annual recurring revenue (ARR) within just five weeks post-beta release.
“This new platform is projected to save hundreds of hours each year on administrative tasks,” she stated. Codi operates on a subscription model, charging a management fee that is significantly lower than hiring a full-time or part-time office manager, or even a fractional executive assistant.
A significant portion of Codi’s existing clients, from whom the company previously managed office spaces, are now adopting the AI platform. During the beta phase alone, Codi attracted 40 new enterprises, including recognizable names like TaskRabbit and Northbeam.
Rohaut perceives Codi’s primary competition to be traditional management firms and workplace experience platforms, such as Envoy. She emphasized that Codi eliminates the need for staff to oversee vendor relationships and coordination, thanks to its autonomous execution and integration with a curated network of service providers.
In contrast to workplace platforms, Codi specifically focuses on managing physical office operations, she added.
“Codi is paving the way for a future where offices can operate independently, akin to self-driving cars,” she remarked. “Our objective is to completely dismantle the logistical complexities of managing physical spaces, enabling human talent to concentrate on workplace culture and growth.”
This article has been updated to correct the spelling of Rohaut’s name.
