SAN FRANCISCO, Feb. 7, 2019 /PRNewswire/ -- HOVER, the world class technology that transforms smartphone photos of any property into an accurate 3D model, today announced it has been named to the third annual AI 100 ranking, showcasing the 100 most promising private artificial intelligence companies in the world.
"Deep Learning and Computer Vision is the foundation of HOVER's technology, and we're thrilled to receive this recognition from CB Insights," said A.J. Altman, CEO and Founder of HOVER. "Our technology is dramatically changing the long overlooked exterior home improvement industry and setting the new standard for 3D mapping."
Through an evidence-based approach, the CB Insights research team selected the AI 100 from over 3,000 companies based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights' algorithm, measures the overall health and growth potential of private companies to help predict a company's momentum.
"After being named to the AI 100 in 2018, last year's honorees raised nearly $4.5B across 45 deals with six going on to be valued at $1 billion or more," said CB Insights CEO Anand Sanwal. "The data we compiled on this year's nominees, ranging from their customers to their patents to their CB Insights' Mosaic scores, revealed 100 AI companies that are driving transformation across a number of industries and which are taking on a variety of large societal issues ranging from disaster management to cancer diagnosis to detecting fake news. We expect these companies will see similar levels of momentum and progress in 2019 and are excited to continue to track their progress."
In addition to disrupting core sectors including healthcare, telecommunications, semiconductor, government, retail, and finance, the 2019 AI 100 companies are revamping the broader enterprise tech stack. These companies span the globe, from the US, UK, Israel, Japan, China, Germany, Sweden, and Canada, and are supported by more than 680 investors from 29 countries.
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
HOVER transforms smartphone photos of any property into an accurate, interactive 3D model, giving homeowners the power to unlock the true potential of their largest economic asset. Thousands of exterior contractors are using HOVER to save time and money on every project, establish instant credibility and close more business. HOVER's insurance industry customers use the up-to-date measurements to reduce claim adjusting costs, decrease cycle times, and improve the overall customer experience. HOVER is backed by Google Ventures, Standard Industries and The Home Depot, and has raised more than $60 million in funding to date.