Exodigo has raised $200.0M in total across 3 funding rounds.
Exodigo's investors include 10D, Bessemer Venture Partners, INT3, National Grid Partners, Square Peg Capital, Zeev Capital, Danny Akerman, Yair Weinberger, Yoav Amit, Alumni Ventures, Congruent Ventures, Element Partners.
Exodigo is an Israeli technology company founded in 2021 that develops non-intrusive underground mapping software using multi-sensor fusion, 3D imaging, and AI to create accurate subsurface models.[1][2][3] It serves utilities, construction, transportation, energy, and infrastructure sectors by solving the critical problem of detecting hidden underground assets like pipes, cables, soil layers, rocks, minerals, and groundwater—issues that cause safety risks, project delays, budget overruns, and environmental harm in infrastructure projects.[1][2][5] The platform scans entire areas in a crisscross pattern without digging or disturbing the surface, processes terabytes of data via cloud-based AI algorithms trained on global projects, and delivers results in hours rather than months, enabling safer planning and up to 70% reduction in exploratory potholing while locating 20-30% more utilities than traditional methods.[1][2][5] Since commercial launch in June 2022, it has gained rapid adoption by over 20 clients including PG&E, Caltrans, Florida Power & Light, LA Metro, and Granite Construction across the US, Europe, and Israel, positioning it as a leader in construction tech with strong growth momentum highlighted in 2025 forecasts.[2][3]
Exodigo emerged from the vision of co-founders Jeremy Suard (CEO) and Ido Gonen (CTO), who identified the longstanding challenges of inaccurate underground mapping that have plagued infrastructure projects for decades.[2][5] Based in Tel Aviv, Israel, the company was formally founded in 2021, debuting its 3D subsurface mapping platform in February 2022 after exiting stealth, with commercial availability starting in June 2022.[2][3] Suard, drawing from insights into the limitations of single-sensor methods and reliance on outdated records, created a solution combining multiple advanced sensors (GPR, magnetic gradiometers, electromagnetics) with AI to map the underground comprehensively and non-intrusively—like fusing MRI, CT scans, and ultrasounds.[1][5] Early traction was swift: within its first year, Exodigo secured projects with major players like 811/PG&E, Caltrans, Charge, FP&L, Granite Construction, GTI Energy, LA Metro, and Total Energies, validating the technology amid scaling challenges like team bandwidth across time zones.[2][5]
Exodigo stands out in underground mapping through these key strengths:
Exodigo rides the wave of AI-driven geospatial analytics and infrastructure digitization, addressing a $100B+ global market strained by aging utilities, urbanization, and net-zero mandates that demand precise, sustainable mapping to avoid accidents and emissions from rework.[2][3][4] Timing is ideal amid rising infrastructure spending (e.g., US Bipartisan Infrastructure Law) and construction tech adoption, where traditional "follow-the-line" methods fail 30-50% of the time, causing billions in damages annually.[1][2][5] Market forces like labor shortages, regulatory pressures for non-destructive tech, and mining's push for deeper, larger-scale exploration favor Exodigo's scalable, instant 3D models that unify fragmented geophysics workflows.[6] It influences the ecosystem by setting a "gold standard" for non-intrusive discovery, enabling safer builds, faster permitting, and ecosystem-wide tools for sectors like energy transition (e.g., renewables siting) and autonomous construction.[2][3][7]
Exodigo is poised for explosive growth, expanding from utilities/construction into mining and beyond, leveraging its full-stack defensibility to capture share in a fragmented market.[3][6] Trends like AI-sensor fusion, drone autonomy, and climate-resilient infrastructure will accelerate adoption, with potential for satellite integration and deeper scans unlocking new frontiers in resource exploration.[1][6] Its influence may evolve into platform leadership, powering digital twins for global projects and attracting strategic partnerships amid 2025 construction tech hype—transforming "the underground" from a blind spot into a data-rich asset, much like how Exodigo first redefined safer, sustainable discovery.[2][3][7]
Exodigo has raised $200.0M across 3 funding rounds. Most recently, it raised $96.0M Series B in July 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2025 | $96.0M Series B | 10D, Bessemer Venture Partners, INT3, National Grid Partners, Square Peg Capital, Zeev Capital, Danny Akerman, Yair Weinberger, Yoav Amit | |
| Feb 1, 2024 | $75.0M Series A | 10D, Alumni Ventures, Bessemer Venture Partners, Congruent Ventures, Element Partners, Energy Foundry, INT3, National Grid Partners, Square Peg Capital, Wind Ventures, Zeev Capital, Danny Akerman, Yair Weinberger, Yoav Amit | |
| Feb 1, 2022 | $29.0M Seed | 10D, Bessemer Venture Partners, INT3, National Grid Partners, Square Peg Capital, Zeev Capital, Danny Akerman, Yair Weinberger, Yoav Amit |
