D

DOOR

Keyless access systems with centralized management

Overview

Latch provides smart access systems for buildings, combining hardware like smart locks, intercoms, and cameras with a centralized software platform. Residents can unlock doors via smartphone, passcodes, or keycards and can grant temporary access to guests remotely. Property managers use a single platform to manage access across all doors, monitor events, and audit activity, improving security and reducing costs. Latch earns revenue through hardware sales to property owners/developers and ongoing software subscriptions (monthly/annual). The goal is to offer a reliable, scalable access control solution that simplifies property management and enhances resident experience by eliminating keys and streamlining access management.

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About DOOR

Simplify's Rating
Why DOOR is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

HardwareEnterprise SoftwareCybersecurityReal Estate

Company Size

1-10

Company Stage

IPO

Headquarters

Olivette, Missouri

Founded

2014

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Simplify's Take

What believers are saying

  • September 2026 EliseAI partnership expands DOOR into self-guided tours and maintenance access.
  • Q1 2026 software revenue rose 19% to $6.1 million, driving mix improvement.
  • DOOR became SEC-current in February 2026, improving credibility with operators and investors.

What critics are saying

  • August 2026 layoffs cut 65 roles and exit property management, signaling demand weakness.
  • Q2 2026 revenue fell 18.1% year over year, showing hardware and services drag.
  • Cash was $26.1 million at June 30, 2026; losses still consume liquidity.

What makes DOOR unique

  • OpenDOOR lets partners integrate access control into property workflows directly.
  • Scout combines remote lock control with edge AI building-health monitoring.
  • DOOR still owns multifamily access infrastructure despite shrinking to a focused platform.

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Funding

Total Funding

$452.1M

Above

Industry Average

Funded Over

7 Rounds

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Benefits

  • Parental Leave
  • Flexible Work Hours
  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life & AD&D Insurance
  • Disability Benefits
  • 401(k) Retirement Plan
  • Hybrid Work Options

Stock Price

Company News

Yahoo Finance
Sep 24th, 2026
EliseAI partners with DOOR to enable self-guided property tours and keyless maintenance access

EliseAI, an AI company automating housing systems, has partnered with DOOR (formerly Latch), a smart access technology provider for multifamily housing. The integration connects DOOR's OpenDOOR platform to EliseAI's AI-Guided Tours and Maintenance App products. The partnership enables prospects to tour rental units independently by unlocking doors themselves through the system. Residents no longer need to be present when maintenance technicians arrive, as the app unlocks units directly for dispatched workers. Access is controlled through timed codes and gated by vacancy status and resident permissions. "Our AI understands the operational context," said Minna Song, EliseAI's co-founder and CEO. The integration is now available across DOOR-enabled properties using EliseAI's products, requiring no additional hardware.

GlobeNewswire
Sep 24th, 2026
EliseAI and DOOR team up so renters can tour units and get maintenance done on their own schedule.

EliseAI and DOOR team up so renters can tour units and get maintenance done on their own schedule. Integration with the DOOR OpenDOOR platform lets prospects and residents move through enabled properties on their own schedule, unlocking doors directly within EliseAI's AI-Guided Tours and Maintenance App. September 24, 2026 09:07 ET | Source: EliseAI NEW YORK, Sept. 24, 2026 (GLOBE NEWSWIRE) - EliseAI, the leading AI company automating complex housing systems, today announced a partnership with DOOR (formerly Latch), a provider of smart access and building intelligence technology for multifamily housing. The integration connects DOOR's new OpenDOOR platform to two EliseAI products, AI-Guided Tours (AIGT) and Maintenance App, adding DOOR to the roster of property technology providers EliseAI integrates with across its product suite. EliseAI's Maintenance App unlocks the unit directly for the technician dispatched through it, without a physical key or a staff member on-site. The integration puts renters in control of when they move through a property. Prospects touring through AIGT can unlock doors themselves and see a unit on their own schedule, and residents waiting on maintenance service no longer need to be home to let a technician in. EliseAI's Maintenance App unlocks the unit directly for the technician dispatched through it, without a physical key or a staff member on-site. Access is provisioned through a timed code and gated by both vacancy status for scheduled tours and resident permissions for maintenance work order servicing, so teams can keep track of who entered and when to ensure the highest level of security. "Our AI understands the operational context, and working together with DOOR, it lets a prospect tour a unit on a Sunday afternoon without anyone meeting them there, and a resident get a leaky faucet fixed without taking the day off to let someone in," said Minna Song, co-founder and CEO of EliseAI. "That's less back-and-forth for the renter, and it frees up the property team to spend more time on higher-impact work." The OpenDOOR platform opens up the infrastructure to the property tech ecosystem to allow partners like EliseAI to connect their products directly to DOOR OS. "We believe the most valuable thing we can do with our platform is open it up. No single company is going to build every workflow a property needs, and we shouldn't try," said Ryan Salmons, Chief Product and Technology Officer at DOOR. "OpenDOOR gives partners like EliseAI a direct, documented way to build on top of DOOR instead of around it. Touring and maintenance staff get secure, reliable access, and operators get more value out of the infrastructure they already have in their buildings." About EliseAI EliseAI is an AI company transforming housing and healthcare - the two largest household expenses in America - through deep workflow automation. Its AI agents integrate directly into operations, automating leasing, maintenance, renewals, billing, patient scheduling, intake, and front-desk workflows end to end. EliseAI powers 1 in 6 U.S. apartment units and has crossed $200m in ARR in 2026, marking five consecutive years of 100% year over year growth. The company is based in New York with teams in San Francisco, Boston, Chicago, Austin and Toronto. To learn more, visit https://eliseai.com/careers. About DOOR DOOR, formerly known as Latch, is building the operating platform for multifamily buildings. DOOR brings access, connected devices, and building intelligence together in one system, giving owners and operators a live view of their properties and the ability to act on it. Through OpenDOOR, its API and SDK platform, DOOR opens that foundation to partners, so the broader property technology ecosystem can build new resident, leasing, and operations experiences on top of it. DOOR is headquartered in Olivette, Missouri. Learn more at www.door.com.

EliseAI
Sep 24th, 2026
EliseAI and DOOR team up so renters can tour units and get maintenance done on their own schedule.

EliseAI and DOOR team up so renters can tour units and get maintenance done on their own schedule. September 24, 2026 EliseAI, the leading AI company automating complex housing systems, today announced a partnership with DOOR (formerly Latch), a provider of smart access and building intelligence technology for multifamily housing. The integration connects DOOR's new OpenDOOR platform to two EliseAI products, AI-Guided Tours (AIGT) and Maintenance App, adding DOOR to the roster of property technology providers EliseAI integrates with across its product suite. The integration puts renters in control of when they move through a property. Prospects touring through AIGT can unlock doors themselves and see a unit on their own schedule, and residents waiting on maintenance service no longer need to be home to let a technician in. EliseAI's Maintenance App unlocks the unit directly for the technician dispatched through it, without a physical key or a staff member on-site. Access is provisioned through a timed code and gated by both vacancy status for scheduled tours and resident permissions for maintenance work order servicing, so teams can keep track of who entered and when to ensure the highest level of security. "Our AI understands the operational context, and working together with DOOR, it lets a prospect tour a unit on a Sunday afternoon without anyone meeting them there, and a resident get a leaky faucet fixed without taking the day off to let someone in," said Minna Song, co-founder and CEO of EliseAI. "That's less back-and-forth for the renter, and it frees up the property team to spend more time on higher-impact work." The OpenDOOR platform opens up the infrastructure to the property tech ecosystem to allow partners like EliseAI to connect their products directly to DOOR OS. "We believe the most valuable thing we can do with our platform is open it up. No single company is going to build every workflow a property needs, and we shouldn't try." said Ryan Salmons, Chief Product and Technology Officer at DOOR. "OpenDOOR gives partners like EliseAI a direct, documented way to build on top of DOOR instead of around it. Touring and maintenance staff get secure, reliable access, and operators get more value out of the infrastructure they already have in their buildings"

PR Newswire
Aug 5th, 2026
DOOR cuts 32% of workforce, exits property management to save $10-12M annually

DOOR, formerly Latch, Inc., announced a restructuring plan to reduce its global workforce by approximately 32% and exit its property management operations. The company expects these actions, along with earlier 2026 cost-saving measures, to reduce annualised costs by approximately $10 to $12 million. The restructuring will eliminate roughly 65 roles globally, including contract labour in Europe and about 10% of the US employee base. DOOR estimates it will incur $1.5 million to $2.5 million in cash restructuring charges, primarily for severance and benefits. The company is exiting the property management business to focus resources on its Building Intelligence platform. DOOR recently launched Scout in June and has invested in AI-assisted software and internal tools to support operations with a leaner organisation. Separations are expected to be substantially complete by year-end 2026.

PR Newswire
Jun 17th, 2026
DOOR launches Scout device combining remote lock control and edge AI for multifamily building health monitoring

DOOR has introduced Scout, a device that provides remote access control and building health monitoring for multifamily properties. The company unveiled Scout at the National Apartment Association's Apartmentalize conference in New Orleans. Scout addresses two key challenges for property operators: remote control of offline smart locks and early detection of in-unit problems. The device uses edge AI to detect water leaks, smoke, carbon monoxide events and freezing conditions before they become costly claims. It also enables remote lock management, eliminating the need for on-site visits. Research from Parks Associates indicates operators using connected access control and smart home technology achieve roughly 20% gains in operating efficiency and approximately $80,000 in annual savings per building. Scout is now rolling out for multifamily and student housing operators on the DOOR platform.

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