HOVER, a San Francisco-based startup that creates measured models of buildings, raised its $60m Series D led by Travelers Insurance, State Farm Ventures, and Nationwide Insurance. Existing investors including Menlo Ventures and GV also took part in the round.
HOVER generates structured building data from computer vision and deep learning. HOVER’s app allows housing contractors to take exterior measurements of buildings and create a 3D model used for quotes and estimates. Rather than having a contractor and a crew come manually measure and make estimates, HOVER captures the data and hosts it in the cloud as a “digital twin” of the building.
To date, HOVER has raised a total of $140 million from Menlo Ventures and GV.