Hover Inc. is a Computer Vision startup founded in 2011 with the mission of creating a single source of truth for the physical world. Utilizing deep learning and computer vision, Hover enables smartphone photos of any property to be transformed into accurate, interactive 3D models. This empowers homeowners to unlock the true potential of their largest economic asset. With precise measurements, design options, and direct material purchasing through the app, Hover revolutionizes the home improvement process. With a $60.00M Series D investment at 17 November 2020, Hover is backed by a diverse group of investors including Google Ventures, Menlo Ventures, Standard Industries, and The Home Depot, having raised more than $87 million to date. The startup has gained significant traction within the industry, with thousands of exterior contractors leveraging its technology to save time and money, establish credibility, and close more business. Moreover, Hover's technology has also found applications in the insurance industry, where it has been utilized to reduce claim adjusting costs, decrease cycle times, and enhance the overall customer experience. Based in the United States, Hover's team comprises creative, passionate, and talented engineers dedicated to solving everyday problems with cutting-edge technology.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series D | $60.00M | 10 | Travelers Insurance, Nationwide Mutual Insurance | 17 Nov 2020 |
Series C | $25.00M | 3 | 25 Apr 2019 | |
Series B | $25.00M | 2 | The Home Depot | 29 Jan 2018 |
Series A | $6.00M | 7 | The Home Depot, Maverick Alternative +1 | 19 Nov 2015 |
Convertible Note | $5.20M | - | 20 Nov 2013 |
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