Summary:
Exodigo raises $96M Series B, reaching a $700M valuation
Co-led by Zeev Ventures and Greenfield Partners, total funding now $214M
Founders from Israel's elite military tech units, 395 employees globally
AI-driven underground mapping detects hidden infrastructure and risks
Deployed on $75B+ projects across 18 countries, clients include Amtrak and National Grid
Investors highlight potential to save billions and solve construction challenges
Exodigo Raises $96M in Series B Funding, Reaches $700M Valuation
Exodigo, an Israeli startup specializing in AI-driven underground mapping technology, has successfully raised $96 million in a Series B funding round. This investment, co-led by Zeev Ventures and Greenfield Partners, along with participation from existing and new investors, brings the company's total funding to $214 million. While Exodigo hasn't officially disclosed its valuation, estimates place it at around $700 million.
Founders and Expansion
Founded in 2021 by Jeremy Suard (CEO) and Ido Gonen (CTO), both alumni of Israel's elite military technology units, Exodigo now employs 395 people, with the majority based in Israel and the rest in the U.S. and Europe. A portion of the new funding was used for a secondary transaction, allowing veteran employees to sell their shares.
Exodigo founders. (Photo: Exodigo)
AI-Driven Subsurface Intelligence
Exodigo's technology provides comprehensive underground mapping, detecting hidden infrastructure, geological features, and potential risks. This includes pipes, cables, rock formations, groundwater, and more. The company's solutions are crucial for infrastructure projects, helping to avoid planning errors, budget overruns, and safety hazards.
Global Reach and Clients
Exodigo's technology has been deployed on projects worth over $75 billion across 18 countries. Its clientele includes 50+ transportation authorities, municipalities, and engineering firms such as Amtrak, California High-Speed Rail Authority, and National Grid. The company operates in major U.S. cities and has partnerships in Europe and Israel.
Investor Insights
Oren Zeev of Zeev Ventures highlighted Exodigo's potential to save tens of billions in industries reliant on accurate underground data. Raz Mengal from Greenfield Partners praised the company for solving one of construction's toughest problems with advanced sensors and AI.
"We’re building an engineering company powered by artificial intelligence," said CEO Jeremy Suard, emphasizing plans to double the tech workforce and expand product offerings.
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