About Hover
Hover was founded in 2011 by A.J. Altman, Adam Kornfield, and Betsy Bike, based on the observation that home exterior renovation projects, such as roofing, siding, and window replacement, and insurance claims involving property damage, traditionally required a contractor or insurance adjuster to manually measure a home's exterior dimensions in person, a time-consuming, error-prone process that also required scheduling an on-site visit before even beginning to prepare an accurate project estimate or insurance claim assessment.
Hover's core technology lets a user, whether a homeowner, contractor, or insurance adjuster, take a series of photos of a home's exterior using a smartphone, then uses computer vision and machine learning to automatically generate an accurate, detailed 3D model of the home's exterior complete with precise measurements of roof area, wall dimensions, and other exterior features relevant to renovation project estimation or insurance claims, without requiring specialized measurement equipment or extensive on-site time. This technology has proven particularly valuable for contractors in industries such as roofing and siding, who can generate accurate material and labor estimates for a potential project more quickly and with less on-site time than traditional manual measurement methods require, and for insurance companies processing property damage claims, where Hover's exterior modeling technology can help adjusters more quickly and accurately assess damage extent and estimate repair costs, particularly valuable during periods of high claim volume following major weather events like hurricanes or hailstorms that can generate a large simultaneous surge of property damage claims. Hover's customers span home improvement contractors, particularly in the roofing and siding industries, insurance carriers processing property claims, and building material manufacturers and distributors that use Hover's measurement data for material ordering and specification. The company has raised substantial venture funding from investors including Menlo Ventures, GV, and Northgate Capital, reaching a valuation exceeding $700 million.
