Hover, founded in 2011 and headquartered in the United States, offers an innovative solution to the home improvement and insurance industries. The company's technology transforms smartphone photos into accurate, interactive 3D models. This capability supports homeowners and construction professionals in designing homes using Generative AI, obtaining precise measurements, and improving the estimate process, thereby unlocking the home's potential.
In addition to serving homeowners, Hover provides valuable tools for the insurance sector. Its integrated claims automation system is tailored for efficiency, reducing costs and streamlining the claims workflow. The platform boasts a significant user base, with over 300,000 contractors and more than 500,000 homeowners utilizing its services, resulting in the capture of millions of properties.
Recent financial activity includes a $60.00M Series D investment, backed by prominent investors such as Alsop Louie Partners, Nationwide Ventures, Menlo Ventures, Aberdeen Standard Investments, Guidewire Software, State Farm Ventures, and Traveler Cos.