Opendoor
Highly Engaged Employees
Highly Engaged EmployeesReal Estate · California, United States · 1K - 5K Employees
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Overview
Headquarters
100 Montgomery St Ste 500, San Francisco...Website
www.opendoor.comRevenue
$3.9 BillionStock Symbol
OPENIndustry
ZI Rank: 17
Signal Type
Mar
Apr
May
Jun
Jul
Aug
ZI Rank
21
14
10
21
11
17
About Opendoor
Opendoor provides a way to buy, sell or trade-in a home. It is specialized in Real Estate, Technology, Data Science, Design, and Operations. The company was founded in 2014 and is based in San Francisco, California.Explore more
Opendoor Org Chart
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Revenue
Number of Employees
Type
Funding
Founded In
$315.1M
1K - 5K
Private
$106.1M
2013
AD
Aarush DhawanCo-Founder & Chief Operating Officer & Chief Marketing Officer
Company Profile Activity
Activity Insights
Opendoor is experiencing low activity levels compared to other companies in the Real Estate sector.
What does this means?
Opendoor is drawing exceptional interest within the Real Estate industry, suggesting notable developments or strong market momentum, learn more about Opendoor.
Opendoor financials insights
Gather financial insights about Opendoor, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2014
Series A
$9.9M
2015
Series B
$20M
Series C
$80M
2016
Series D
$210M
2018
Multiple Rounds
$960M
2019
Unspecified
$300M
Opendoor Tech Stack
A closer look at the technologies used by Opendoor
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Most Recent Scoops
Project
Opendoor has introduced a proprietary point-of-sale and loan origination system for Opendoor Home Loans, enabling loan officers to handle approximately 50 mortgages per month compared to the industry standard of approximately 10, with no marketing spend and savings of 65 to 85 basis points of yield per loan passed directly to homebuyers.
Product Development, Sales, Software
Hiring Plans
Opendoor has more open roles in Human Resources than it has had at any time in the past 12 months. Technologies mentioned include: Google Sheets, and Google Workspace.
Hiring Plans
Project
Opendoor has applied machine learning to its underwriting process, with an auto underwriter now handling approximately 1 in 5 home valuations, and is currently testing models capable of valuing entire segments of homes with almost no manual review.
Machine Learning
Project
Opendoor has implemented AI-driven operational improvements that have increased home project manager (HPM) capacity from 3 renovations per person per month to approximately 10, with a target of 20 by year end. Additionally, pricing underwriting throughput has grown from approximately 20 underwrites per person per day to over 50, targeting 100 by year end, while the percentage of homes requiring an employee site visit before an offer has been reduced from over 80% to below 20%, with a target of under 10% by year end.
Automation, Capacity Planning, Operations
Open Position
Opendoor News & Media
Should You Avoid Opendoor Stock, Even at a 52-Week Low?
The market sees more risk than opportunity.Pro.com co-founders reunite to launch OnTrade, an AI startup for the wealth management industry
The co-founders of Pro.com have reunited to launch OnTrade, an AI startup for the wealth management industry backed by General Catalyst and Madrona. The company has been building in stealth for two years, deploying AI agents that handle analytical work for financial advisors. Read MoreInsiders Are Buying Intel (INTC) and Opendoor (OPEN)
Intel Intel (NASDAQ:INTC) CEO Lip-Bu Tan bought about $10 million worth of INTC shares earlier this month at $95 a share, the same price at which Intel had just priced a $20 billion secondary offering days earlier. Intel’s Q2 revenue rose 25% year over year, a massive acceleration from Q1’s 7% growth. Margins jumped to […]Opendoor Is Down 86% From Its High. Is the Housing Recovery Story Still Intact?
The company is struggling to grow and continues to lose money.
Read more news
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Frequently Asked Questions Regarding Opendoor
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Opendoor provides a way to buy, sell or trade-in a home. It is specialized in Real Estate, Technology, Data Science, Design, and Operations. The company was founded in 2014 and is based in San Francisco, California.... Read More
