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Hover, a startup developing AI-powered apps that create 3D models of homes from smartphone photos, today raised $60 million. The 200-employee company says the proceeds will be used to deepen existing relationships with insurance carriers as Hover expands its product offerings.
In 2017, 6.26% of insured homes experienced a claim, compared to just 4.87% in 2014. Usually, homeowners need to be present at the time of the interior home inspection, and inspections can take between 30 and 90 minutes depending a home and the size of the property.
Hover, which was founded in 2011 by Ross Hangebrauck and former Intel engineer and U.S. Marine Corps veteran A.J. Altman, leverages cloud-hosted computer vision algorithms to generate 3D models with as few as eight pictures taken from different angles. Hover’s tools allow homeowners and contractors to extract measurements in PDF or Excel format and to visualize different products, colors, and materials
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With cars running on up to 150 million lines of code as a result of increased complexity needed to ensure higher levels of safety and security, the ability to reuse software across multiple applications can simplify things greatly. To address this, NXP Semiconductors has introduced a new microcontroller (MCU) family to address the cost and complexity of automotive software development, together with new features for security, ISO 26262 compliance and secure over-the-air (OTA) updates.
The new S32K3 family simplifies software development with an enhanced package that spans security, functional safety and low-level drivers to extend the reach of the MCUs into advanced body electronics, battery management and zone control applications.
The S32K3 expands NXP’s S32 automotive platform, originally launched in 2017, from gateway and domain control into zone control and edge nodes. It also now enables software reuse among multiple applications to reduce the complexity of vehicle software development and
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TechSee, which describes itself as an “intelligent visual assistance” company, today closed a $30 million investment round led by OurCrowd, Salesforce Ventures, and Telus Ventures. A spokesperson for the startup says the capital injection will be used to enter new markets and verticals while expanding TechSee’s product offerings and capabilities.
The augmented reality market is estimated to grow from $10.7 billion in 2019 to $72.7 billion by 2024, according to a recent Markets and Markets report. At least a portion of that growth has been driven by field service applications; technicians are faced with the challenging task of working on equipment with varying technical specifications, often in confined or hard-to-reach spaces. With AR apps, they could have all of the information they need displayed in front of them while keeping their hands free to work.
TechSee was founded in 2014 by Eitan Cohen, Amir Yoffe, and Gabby Sarusi. Cohen conceptualized