Hover is a privately held technology company specializing in advanced 3D data solutions for the property, construction, and insurance industries. Their core product transforms smartphone images into interactive 3D models of homes and buildings, streamlining workflows for measurement, design, estimation, and renovation. Hover is headquartered in San Francisco and, as of 2024-2025, employs roughly 300 staff members.
Hover was founded in 2011 by A.J. Altman (former U.S. Marine and Intel engineer), Ross Hangebrauck, and Kevin Reilley. The company’s roots are in developing mapping technology for the U.S. Department of Defense, generating its initial $2 million in revenue from military contracts before pivoting to civilian applications. Early on, the team realized the vast potential in leveraging smartphone cameras for property assessment—fundamentally changing the process for contractors, insurers, and property owners.
Hover has raised an estimated $127.3–$136.7 million across seven to eight funding rounds, with major investors including State Farm Ventures, Nationwide Mutual Insurance, Menlo Ventures, The Home Depot, and Google Ventures. The most recent major round—a Series D in November 2020—raised $60 million at a post-money valuation of approximately $490 million. Hover has not officially stated IPO intentions as of July 2025, and its shares are privately traded.
"Hover" with acquisition activity. In the context of property technology, however, Hover appears to have expanded organically, continually adding integrations and serving both the construction and insurance industries. There is no public evidence of major M&A directly by the Hover home improvement platform, but it has rapidly grown its technology and partnerships ecosystem. (Note: There are similarly named entities like "Hover Group" and "Hover Energy" with recent acquisitions, but these are distinct from the main Hover platform analyzed here.
Challenging the status quo and encouraging diverse, rigorous debate.
Action orientation—prioritizing movement and learning.
Humility and collective service—supporting each other, customers, and communities.
Hover’s user base comprises contractors, insurance professionals, builders, architects, and homeowners. The software is especially popular with small to midsize firms (1–10 employees, $1–10 million revenue range). Adoption is nationwide (U.S.), crossing over 70,000 businesses and 250,000 professionals.
