Exodigo, a Palo Alto, California, and Tel Aviv, Israel-based provider of a non-intrusive subsurface imaging platform, raised an additional amount in seed funding closing the round to $41m.
After raising $29M in initial seed funding led by Zeev Ventures and 10D Ventures, with participation from SquarePeg Capital, JIBE Ventures and industry leaders Tidhar Construction, Israel Canada and WXG Ltd., Exodigo rapidly commenced pilot projects in the United States. After deployments at National Grid sites to improve safety, reduce cost, and increase operational efficiency, Exodigo also secured a multi-million dollar investment from National Grid Partners (NGP), the corporate venture and innovation arm of National Grid, as part of its commitment to fighting climate change.
The company will use the funds to meet market demand for its solutions.
Led by CEO Jeremy Suard and CTO Ido Gonen, Exodigo provides subsurface mapping solutions that combine advanced sensors, 3D imaging, and AI technologies to provide a clear picture of the underground for customers across energy, utilities, transportation, and more.
Since its commercial availability (June 2022), Exodigo has been rapidly adopted by 20+ leaders across utilities, construction, and transportation across the United States, Europe, and Israel. Notable projects in 2022 included providing more accurate underground visibility for 811/PG&E, the California Department of Transportation (Caltrans), Charge, Florida Power & Light (FP&L), Granite Construction, GTI Energy, LA Metro and TotalEnergies.
FinSMEs
18/01/2023