Hover, a San Francisco, CA-based technology company that provides an end-to-end data platform for home improvement and property insurance professionals, raised $60m in Series D financing.
The round was led by insurance carriers Travelers (NYSE: TRV), State Farm Ventures™, and Nationwide with participation from Standard Industries, Menlo Ventures, GV, Alsop Louie Partners and Guidewire Software, Inc. (NYSE: GWRE).
The company intends to use the capital to enhance its 3D data platform and expand its e-commerce efforts.
Led by A.J. Altman, founder and CEO, Hover uses computer vision and machine learning to structure property data, enabling seamless workflows from appraisal and estimation to interactive 3D design and materials ordering. Insurance professionals and contractors use its app to drive efficiency and transparency in their workflows and provide an improved experience for homeowners.
The mobile app allows home improvement and insurance professionals to measure, design, and estimate projects in one place; smartphone photos transform into photo-realistic, accurately measured, and fully-interactive 3D models of any home.
Whether insuring, repairing, or improving a home, Hover provides homeowners and professionals the detailed information needed to produce accurate estimates or appraisals, and a 3D model that professionals can use to explore project details and design options with homeowners.
Founded in 2011, the company has raised $147m in funding to-date.