Exodigo, a provider of artificial intelligence (AI) solutions for underground mapping based in Tel Aviv, Israel, and Palo Alto, CA, has successfully raised $105 million in its Series A funding round.
The financing was spearheaded by Greenfield Partners and saw the participation of existing investor Zeev Ventures, along with continued support from SquarePeg, 10D VC, JIBE, and National Grid Partners.
This substantial investment will fuel Exodigo’s expansion efforts, enabling the company to bolster its global team, expedite the development of a self-service product line, and facilitate its entry into new markets.
Under the leadership of CEO Jeremy Suard, Exodigo specializes in providing accurate and efficient underground mapping solutions. Leveraging a combination of multi-sensing technology and proprietary AI algorithms, the company empowers leaders in transportation, energy, utilities, and construction sectors to mitigate risks associated with subsurface infrastructure.
Exodigo’s clientele includes prominent organizations such as AECOM, Colas Rail, GRDF, HNTB, Houston METRO, HS2, Israel Electric Corporation, LA Metro, National Grid, PG&E, SEPTA, Tel Aviv Metro, and VINCI.
Commenting on the news, Jeremy Suard said: “Some companies crawl before they can walk, but we’ve been sprinting consistently since day one and have no plans to stop the race. Thanks to the support of such dedicated investors and advisors, our team will be able to keep meeting increasingly complex customer needs as we dive deeper into the unknowns of the underground.”
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By Proptechbuzz
By Ravi Kumar
