Hover Secures $25M in Series C Funding

hoverHover, a San Francisco, CA-based platform that transform smartphone photos of any home into a 3D model, raised $25m in Series C funding.

The round, which brings total funding raised to date to $87m, was led by Menlo Ventures with participation from prior investors including GV (formerly Google Ventures) and Standard Industries. In conjunction with the funding Matt Murphy, partner at Menlo Ventures, will join HOVER’s board of directors.

The company intends to use the funds to continue to grow through the end of the year.

Led by A.J. Altman, CEO and Founder, Hover provides a computer vision and deep learning platform that enables ecommerce for large home improvement projects. It allows homeowners and contractors to receive exact measurements, design their home with different products and colors, and purchase materials directly through the app. Hover turns smartphone photos into an interactive 3D property model that facilitates commerce. Partners on the platform are The Home Depot, GAF, and Beacon.

The company, which has grown to hundreds of thousands of users representing tens of thousands of home improvement companies, also has partnerships with five of the top 10 U.S. carriers in the insurance industry, which use the platform to reduce claim adjusting costs, decrease cycle times, and improve the overall customer experience.



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