US: California startup Hover has raised millions of dollars for its 3D mapping technology. According to a regulatory filing, the company has secured a USD 2.1 million equity round of funding, apparently part of a larger, USD 3.1 million round of financing closed last October.
Billed as a computer vision and 3D mapping company founded by a team of former Navy SEAL operators and Silicon Valley computer vision software entrepreneurs, Hover essentially uses existing 2D imagery to generate photo-realistic, geo-referenced 3D models of buildings and other real-world infrastructure.
The company says its software basically converts any available imagery into 3D models, providing users with more effective ways to communicate, plan and make decisions.
According to Hover CEO Kevin Reilley’s LinkedIn profile, Hover has been serving the US military and Federal Agencies for several years.