Founded in 2017, Cover is a Los Angeles-based technology company that designs, manufactures, and installs custom Backyard Studios. Using propetirary software and machining, Cover designs and manufactu... (Click to Read More)
Founded in 2017, Cover is a Los Angeles-based technology company that designs, manufactures, and installs custom Backyard Studios. Using propetirary software and machining, Cover designs and manufacturers flatpack homes with the fully complete wall, floor, and roof panels in its factory in Carson, CA, then transports them on a standard truck and assembles them on site without a crane. Each home is built with lightweight steel for the building frame and aluminum for the ceilings. Each home design is custom, but it follows their standardized design and manufacturing system, including details like all plumbing and electrical wiring in the ceiling. A customer works with the company to create a design. Right now, they offer homes only for the Los Angeles market and designs are limited to single-story units that are 1,200-square-feet or smaller (per LA's backyard home ADU ordinance).
In September 2021, Cover raised a $60 million series B round of funding, bringing total funding to $75 million. Gigafund led the Series B round with participation from Valor Equity Partners and Founders Fund — early investors in Elon Musk’s SpaceX and Tesla — and homebuilder Lennar, among others.
60 Total Units Produced to Date