Exodigo, a Tel Aviv, Israel- and Palo Alto, Ca-based artificial intelligence (AI) underground mapping solutions provider, raised $105M in Series A funding.
The round was led by Greenfield Partners and existing investor Zeev Ventures with participation from existing investors SquarePeg, 10D VC, JIBE and National Grid Partners.
The company intends to use the funds to further build out its global team, accelerate the development of a self-service product line, and support its expansion into new markets.
Led by CEO Jeremy Suard, Exodigo offers solutions for mapping the underground accurately and efficiently. Combining multi-sensing technology with proprietary artificial intelligence, it empowers transportation, energy, utility, and construction leaders to design, dig and build by providing accurate subsurface intelligence to derisk the underground.
Exodigo customers include 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.”
FinSMEs
27/02/2024