@ianwong_: I co-founded Opendoor ($10B+ rev). Today, I’m launching Summation. We raised $35M from Benchmark & Kleiner Perkins to b…

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Ian Wong, co-founder of Opendoor, launches Summation, an AI analyst tool aiming to provide trustworthy analysis, with $35M funding from Benchmark and Kleiner Perkins.

I co-founded Opendoor ($10B+ rev). Today, I’m launching Summation. We raised $35M from Benchmark & Kleiner Perkins to build an AI analyst you can trust. Here’s where Claude and ChatGPT fall short: 🧵 https://t.co/ZmXGGU8R8h
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I co-founded Opendoor ($10B+ rev). Today, I’m launching Summation.

We raised $35M from Benchmark & Kleiner Perkins to build an AI analyst you can trust.

Here’s where Claude and ChatGPT fall short: 🧵

  1. Hallucination:

AI can invent a number or give you a confident explanation that is flat out wrong.

Summation verifies every number + claim with a team of agents to get to nearly zero hallucinations.

  1. Siloed Context:

If your CFO teaches the analyst how your company recognizes revenue, your CMO shouldn’t have to waste time and tokens teaching it again.

With Summation, when someone on the team works with AI, that context is shared across the entire organization.

  1. Going rogue

High-stakes business operations need extreme accuracy. They cannot afford for AI to go “rogue.”

Summation combines the intelligence of AI with reliable workflows.

Teams at Fanatics and Lineage already use Summation.

We believe every company will have a team of AI Analysts you can trust.

Hire your first one today:

Grateful to our investors, early design partners, and the incredible team that built Summation from day zero: @chetanp, @josh_coyne, @benchmark, @kleinerperkins, @BasisSet, @A_StarVC, @ericwu01, @justindross, @GGuptaSF, @mkraning, @diogomonica, @gilbert, @xueshao, @Fanatics, @OneLineage, @GetgridApp, and many more.

And we’re just getting started.

To celebrate the launch, I put together an 11-page playbook on scaling Opendoor past $10B.

Comment on the first post and I’ll send it over.

It covers:

• Hiring 10x talent & execs • Pricing hundreds of billions in real estate • The Monday cadence to catch blindspots

yeah the mix line turns into a graveyard fast. more dimensions just means more places to hide

confident and accountable aren’t the same thing. learned that the hard way pricing hundreds of billions in real estate.

come see the difference

really appreciate that. playbook’s headed your way. what would you want summation handling first if you were still in the seat

sending it your way!

sending!

this is the whole reason we built it this way. thank you for trusting us with something that matters

Congratulations @ianwong_ and team!

Awesome progress

thank you!! what caught your eye about it

thanks! what would you throw at it first?

Wouldn’t be here without you!

on it’s way!

appreciate it! what part stood out?

on it’s way!

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@rabois: Correct.

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