Hover secures $60M for 3D imaging to assess and fix properties – TechCrunch

The U.S. property market has proven to be more resilient than you might have assumed it would be in the midst of a coronavirus pandemic, and today a startup that's built a computer vision tool to help owners assess and fix those properties more easily is announcing a significant round of funding as it sees a surge of growth in usage. Hover -- which has built a platform that uses eight basic smartphone photos to patch together a 3D image of your home that can then be used by contractors, insurance companies and others to assess a repair, price out the job and then order the parts to do the work -- has raised $60 million in new funding. The Series D values the company at $490 million post-money, and significantly, it included a number of strategic investors. Three of the biggest insurance companies in the U.S. -- Travelers, State Farm Ventures and Nationwide -- led the round, with building materials giant Standard Industries, and other unnamed building tech firms, also participating. Past financial backers Menlo Ventures, GV (formerly Google Ventures) and Alsop Louie Partners, as well as new backer Guidewire Software, were also in this round.