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Hover is a series D company based in San Francisco (United States), founded in 2011 by AJ Altman and Ross Hangebrauck. It operates as an App for 3D CAD property modeling. Hover has raised $142M in funding from investors like Google Ventures, Menlo Ventures and Nationwide. The company has 4023 active competitors, including 347 funded and 186 that have exited. Its top competitors include companies like Notion, Matterport and Procore.
Company Details
Hover provides mobile app for creating interactive 3D CAD models of a property, after users inputs few photos of the property. Also helps professionals to estimate every detail about the property, like measurements, material etc. Gives the user access to interactive visualization, as they customize and reconstruct the property in the app.
- Website
- hover.to
- Social
Key Metrics
Founded Year
2011
Location
San Francisco, United States
Stage
Series D
Total Funding
$142M in 9 rounds
Latest Funding Round
Investors
Ranked
9th among 4023 active competitors
Employee Count
280 as on Dec 31, 2022
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Legal entities associated with Hover
Hover is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Mar 15, 2011 | - | 280 (as on Dec 31, 2022) | - |
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Hover's funding and investors
Filter this listHover has raised a total funding of $142M over 9 rounds. Its first funding round was on Oct 11, 2012. Its latest funding round was a Series D round on Nov 17, 2020 for $60M. 9 investors participated in its latest round, lead by Travelers, State Farm and Nationwide.
Hover has 24 institutional investors including Google Ventures, Menlo Ventures and Nationwide. Maurice Werdegar is only Angel Investor in Hover.
Here is the list of recent funding rounds of Hover:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Nov 17, 2020 | $60M | Series D | 9274226 | 7794810 | |
Apr 25, 2019 | $25M | Series C | 5203324 | 3542554 | |
Jan 29, 2018 | $25M | Series B | 1993925 | 7470112 |
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Hover's founders and board of directors
Founder? Claim ProfileThe founders of Hover are AJ Altman and Ross Hangebrauck.
Here are the details of Hover's key team members:
- AJ Altman: Founder of Hover and founder of 1 other company. Contact Info: 2 email addresses
- Ross Hangebrauck: Co-Founder of Hover.
View details of Hover's Founder profiles and Board Members
Hover's employee count trend
Hover has 280 employees as of Dec 22. The total employee count is 22.0% more than what it was in Dec 21. Here is Hover's employee count trend over the years:Uncover Hover's growth story! Sign up today!Access Tracxn on any website
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Hover's Competitors and alternates
Top competitors of Hover include Notion, Matterport and Procore. Here is the list of Top 10 competitors of Hover, ranked by Tracxn score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Notion 2013, San Francisco (United States), Series D | Provider of cloud-based enterprise collaboration and project management software for enterprises | $353M | 85/100 | |
2nd | Matterport 2011, Sunnyvale (United States), Acquired | Provider of cloud and AI-based virtual tour solutions for construction professionals | $163M | 81/100 | |
3rd | Procore 2003, Carpinteria (United States), Public | SaaS-driven project management software for construction professionals | $405M | 80/100 | |
4th | Smartsheet 2005, Bellevue (United States), Acquired | Cloud based suite solutions for enterprise project management | $121M | 78/100 | |
5th | Trello 2011, New York City (United States), Acquired | Cloud-based enterprise collaboration platform for project management | $10.3M | 74/100 | |
6th | Esri 1969, Redlands (United States), Funding Raised | Cloud based spatial analysis and location mapping software | - | 73/100 | |
7th | Nemetschek Group 1963, Munich (Germany), Public | Provider of management solutions for the construction sector | - | 71/100 | |
8th | BigTime 2002, Chicago (United States), Series C | Cloud based platform offering software for time tracking | $117M | 70/100 | |
9th | Hover 2011, San Francisco (United States), Series D | App for 3D CAD property modeling | $142M | 70/100 | |
10th | Mapbox 2010, San Francisco (United States), Series E | Provider of a cloud-based custom map building platform for developers | $507M | 70/100 |
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Hover's Investments and acquisitions
Hover has made no investments or acquisitions yet.
Reports related to Hover
Here is the latest report on Hover's geography:
News related to Hover
Filter this listMedia has covered Hover for a total of 2 events in the last 1 year, 1 of them has been about company updates.
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Hover Expands Claims Automation Platform with Comprehensive Interior Solution, Including Virtual Walkthrough TechnologyBusiness Wire•Apr 03, 2025•Hover
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Hover Expands Offerings within Verisk's Xactimate to Advance Property Claims EfficiencyBusiness Wire•Feb 04, 2025•Hover, Verisk
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HOVER and Verisk Collaborate to Enable a Faster and More Efficient Claims SolutionThe Wall Street Journal•Feb 07, 2023•Verisk, Hover
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HOVER Expands Capabilities to Provide Measurements and Floor Plans of Property InteriorsInsurance Innovation Reporter•Sep 29, 2022•Hover
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CB Insights Names HOVER as one of the Top 50 Most Innovative Insurtech Startups of 2022userwalls.news•Jun 15, 2022•Hover
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Sagetech Avionics and Hover, Inc. partner on detect and avoid solution for unmanned aircraftverticalmag.com•Dec 18, 2020•Hover, Sagetech
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