HOVER company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

hover.to

Founded Year

2011

Stage

Series D | Alive

Total Raised

$136.71M

Last Raised

$60M | 2 yrs ago

About HOVER

HOVER is a platform that allows homeowners and businesses to create virtual accounts for homes, including accurate, digital 3D models of a property.

HOVER Headquarter Location

634 2nd Street Floor 3

San Francisco, California, 94107,

United States

844-754-6837

ESPs containing HOVER

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Insurance / P&C Insurance Tech

Computer vision solutions leverage artificial intelligence to support digital recognition, enabling insurers to decrease costs and increase customer satisfaction. Solutions in this area are able to tap into a variety of image sources — such as smartphone cameras and security cameras — to assess the property or car central to a claim.

HOVER named as Leader among 13 other companies, including Tractable, SightCall, and Claim Genius.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing HOVER

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned HOVER in 4 CB Insights research briefs, most recently on Sep 16, 2021.

Expert Collections containing HOVER

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

HOVER is included in 5 Expert Collections, including Real Estate Tech.

R

Real Estate Tech

2,258 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, et

A

AI 100

100 items

I

Insurtech

3,724 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

A

Artificial Intelligence

9,093 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

I

Insurtech 50

50 items

HOVER Patents

HOVER has filed 70 patents.

The 3 most popular patent topics include:

  • Architectural elements
  • Image processing
  • Email
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/10/2020

7/5/2022

3D imaging, Image processing, Stereoscopy, Computer vision, Digital photography

Grant

Application Date

12/10/2020

Grant Date

7/5/2022

Title

Related Topics

3D imaging, Image processing, Stereoscopy, Computer vision, Digital photography

Status

Grant

Latest HOVER News

09:15 EDT CB Insights Names HOVER as one of the Top 50 Most Innovative Insurtech Startups of 2022

Jun 15, 2022

News provided by Share this article Share this article HOVER recognized for its powerful technology leveraging property data to transform the claims process for insurers and homeowners SAN FRANCISCO, June 15, 2022  /PRNewswire/ -- HOVER , the technology company that transforms smartphone photos of any property into a digital twin with valuable 3D data, was named to CB Insights ' first annual Insurtech 50 , which showcases the 50 most promising private insurtech companies across the globe. HOVER's mission is to help people improve their homes with the world's best 3D property data by providing insurers and homeowners with transparent, accurate and actionable data. Its end-to-end platform and multifaceted technology is leveraged by insurance professionals to enable a more efficient workflow and in turn, unlock a faster claims process for policyholders. With just a few smartphone photos, HOVER's mobile app allows users to scan the exterior of a property with real-time guidance to generate an accurately-measured, and fully-interactive, 3D model of the home – in a matter of minutes. "HOVER makes the difficult and often emotional process of home restoration more collaborative, efficient, and transparent," said A.J. Altman, founder and CEO of HOVER. "We're honored to be recognized for the technology our team has built to help people improve their homes and complete insurance claims leveraging the world's best 3D property data." HOVER's significant growth, traction, and adoption among some of the nation's top insurance carriers, building contractors, and distributors is a testament not only to its unparalleled innovation, but also to its potential to redefine industries – like insurance and construction – that have been challenged by process inefficiencies for decades. "The companies in our inaugural Insurtech 50 have built and harnessed new technologies to improve all aspects of the insurance value chain, from customer acquisition to underwriting and claims for a variety of different insurance products," said Brian Lee, SVP of CB Insights' Intelligence Unit. "Together they are accelerating innovation across an industry that directly impacts human health and well-being." Using the CB Insights platform , the research team picked these 50 private market vendors from a pool of over 2,000 companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores , market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed hundreds of Analyst Briefings submitted by applicants. For those wanting to learn more about the Insurtech 50 and the selection process, please register for the webinar, Behind the Scenes of the Insurtech 50 , on June 15, 2022 at 2:00 pm EST. About HOVER HOVER is developing an accurate and usable data set of physical property to deliver a simpler and more transparent home improvement experience. Used by contractors, insurance adjusters and homeowners alike, HOVER drives efficiencies with a mobile app that measures, designs, and estimates costs all in one place; smartphone photos transform into beautifully rendered, fully-measured 3D models of any home. For more information, visit hover.to . HOVER Press Contact

HOVER Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

HOVER Rank

  • When was HOVER founded?

    HOVER was founded in 2011.

  • Where is HOVER's headquarters?

    HOVER's headquarters is located at 634 2nd Street, San Francisco.

  • What is HOVER's latest funding round?

    HOVER's latest funding round is Series D.

  • How much did HOVER raise?

    HOVER raised a total of $136.71M.

  • Who are the investors of HOVER?

    Investors of HOVER include Standard Industries, Google Ventures, Alsop Louie Partners, Menlo Ventures, State Farm Ventures and 12 more.

  • Who are HOVER's competitors?

    Competitors of HOVER include Flyreel, MotionsCloud, DriveX, PLNAR, Owl Autonomous Imaging and 14 more.

You May Also Like

S
SightCall

SightCall is a global Software as a Service (SaaS) platform leveraging WebRTC for live visual communications. SightCall provides a solution that complements its existing tools, environment, and processes to solve customer problems. The company also offers both business applications as well as APIs and SDKs enabling enterprises to configure their preferred customer visual support experience without requiring software development.

DropIn Logo
DropIn

DropIn is an on-demand, live video platform designed for the use of P&C companies, managing general agencies, third party adjusters, and managed repair networks. DropIn enables more precise underwriting risk, speeds claim time, enhances damage estimate accuracy, all while reducing indemnity and loss adjustment expenses. DropIn enables customers to leverage streaming video and high-resolution photos captured using smartphones or drones to achieve better insight into the intricacies of a loss for enhanced decision-making.

MotionsCloud Logo
MotionsCloud

MotionsCloud is a mobile claims adjustment app for insurance properties and contents claims. MotionsClouds aims to help claims adjusters to improve their productivity, reduce claim cycle time, get claims estimation in real-time, and improve customer experience. MotionsCloud was founded in 2016 and is based in Munich, Germany.

Bdeo Logo
Bdeo

Bdeo leverages artificial intelligence to digitize the interaction between insurance companies and policyholders, offering a comprehensive solution that spans from automatic policy subscription to the digitalization of claims management through automatic damage detection.

Tractable Logo
Tractable

Tractable develops artificial intelligence systems for accident and disaster recovery. Its AI solutions process over $2B a year in vehicle repairs and purchases, and have been deployed by insurers across Europe, North America, and Asia, helping households recover from accidents faster.

Claim Genius Logo
Claim Genius

Claim Genius provides insurance carriers, auto salvage firms, and recyclers with an integrated AI damage estimation platform. Using Claim Genius's patent-pending image analysis and predictive analytics tools, carriers can now provide instant damage estimates and rapid processing of claims based on uploaded accident photos from its mobile app.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.