Exodigo, a Tel Aviv, Israel- and Palo Alto, CA-based trailblazer in underground mapping with its AI-driven technology, closes a $105 million in Series A funding.
SaaS Investors
Greenfield Partners and existing investor Zeev Ventures co-led the round, with participation from existing investors SquarePeg, 10D VC, JIBE, and National Grid Partners.
Founded in 2016, Greenfield Partners is a venture capital firm based in Tel Aviv, Israel. The firm prefers to invest in companies operating in B2B, financial services, and technology sectors based in Israel.
Zeev Ventures is a venture capital firm based in Palo Alto, California. Founded in 2007, the firm prefers to invest in the technology, e-commerce, and consumer service sectors based in the United States region.
Exodigo Use of Funds
The company plans to utilize the funding to expand its global team, enhance its self-service product line, and penetrate new markets.
About Exodigo
Exodigo offers an underground mapping solution for non-intrusive discovery. Its platforms combine multi-sensor fusion, 3D imaging, and AI technologies to create complete, accurate underground maps that transform the project lifecycle for its customers in the utilities, transportation, and government sectors. Combining advanced multi-sensing technology with proprietary artificial intelligence, Exodigo empowers transportation, energy, utility, and construction leaders to design, dig, and build safer, smarter, and faster by providing accurate subsurface intelligence to derisk the underground.
Funding Details
Company: Exodigo, Ltd.
Raised: $105.0M
Round: Series A
Funding Month: February 2024
Lead Investors: Greenfield Partners and Zeev Ventures
Additional Investors: SquarePeg, 10D VC, JIBE, and National Grid Partners
Company Website: https://www.exodigo.com/
Software Category: Underground Mapping Solutions
Source: https://www.prnewswire.com/news-releases/exodigo-closes-105-million-series-a-to-lead-underground-mapping-revolution-302072451.html