Exodigo News
13 articles
growth-positive
The company has developed underground scanning systems for construction and infrastructure companies, based on technology developed by officers from IDF intelligence units.
Exodigo, an Israeli startup specializing in underground scanning systems for construction and infrastructure, has raised $96 million in a funding round led by existing investors Zeev Ventures and Greenfield. The company, valued at $600-700 million, is leveraging AI technology to enhance its multi-sensor system for underground mapping. This investment will support Exodigos expansion in the US and the development of a new product kit for self-use by contracting companies. The company has seen significant growth, with annual revenue estimated at $20-30 million and plans to sign agreements worth $100 million by year-end. Exodigos technology offers substantial savings for construction projects by accurately mapping underground utilities.
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growth-positive
החברה הישראלית שיכולה לגלות מנהרות טרור
Exodigo, an Israeli company specializing in underground scanning technology, recently raised $96 million in a Series B funding round, doubling its valuation to $700 million. The company uses a unique combination of sensors and AI to map underground areas, which has proven valuable in large infrastructure projects like Californias high-speed rail. Exodigo has rapidly expanded its customer base across the US, Europe, and Israel, with significant growth in sales. The company plans to use the investment to scale its R&D and expand into new markets. The funding round was led by Zeev Ventures and Greenfield Partners, with participation from other investors. Exodigos technology is also noted for its potential military applications, although the company remains discreet about this aspect.
InvestmentCustomersProduct Stage
Growth-Positive
Top 5 most promising AI startups in Israel - 2024 | CTech
Exodigo, Pinecone, FundGuard, Robust Intelligence, and D-ID were ranked as the top 5 AI companies in Calcalists annual list of the Top 50 Most Promising Israeli Startups. Exodigo, which has raised over $100 million, develops AI solutions for underground mapping. Pinecone, with $140 million in funding, has disrupted the search infrastructure market with its vector database. FundGuard, which has raised $150 million, offers a cloud-native SaaS platform for investment management powered by AI. Robust Intelligence, with $34 million in funding, develops an AI Firewall for real-time data correction. D-ID, with $48 million in funding, focuses on the humanization of bots.
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growth-positive
Rising from the depths: Exodigo's journey through war and innovation | CTech
Exodigo, an Israeli startup specializing in AI technology for underground mapping, has managed to maintain operations and advance its technology despite the challenges of war. The company, which has raised over $100 million, was founded by alumni of the IDF’s intelligence units. Despite many employees being drafted into reserves, the company managed to sign several deals and is planning to double its number of employees in the coming year. Exodigos clients include international companies managing large projects in transportation, energy, planning, and engineering in Israel, the United States, and Europe.
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Exodigo adds $105 million in new funding to modernize underground mapping | CTech
growth-positive
Israeli Underground Scanner Startup Expands Into The UK
Tel Aviv-based startup Exodigo is expanding into the UK through a project with Coles Rail, one of the countrys largest railway infrastructure companies. Exodigos technology uses 3D imaging, AI, ground penetrating radar (GPR), and electromagnetic sensors to create detailed maps of underground utilities. Coles Rail used Exodigos technology in a project in Birmingham, where it detected over 280 below ground utility lines, including 51 additional lines that were not previously detected. This data reduced redesigns and delays. Exodigos technology can identify water and gas pipes, electricity cables, and other buried obstacles, helping to prevent leaks, explosions, and unexpected delays. The expansion into the UK is expected to address the problem of incomplete or inaccurate subsurface mapping, which has caused costly delays and safety risks in infrastructure projects.
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growth-positive
Exodigo Closes $41M Seed Funding Round
Exodigo, a provider of a non-intrusive subsurface imaging platform, has closed a $41M seed funding round. The company previously raised $29M in initial seed funding and has rapidly deployed its solutions in the United States. Exodigo has secured a multi-million dollar investment from National Grid Partners as part of its commitment to fighting climate change. The funding will be used to meet market demand for its subsurface mapping solutions. Since its commercial availability in June 2022, Exodigo has been adopted by over 20 leaders across utilities, construction, and transportation sectors.
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growth-positive
Exodigo looks to map what's underground on Earth, with eyes set on Mars
Israeli startup Exodigo has developed AI-powered technology to create 3D digital maps for underground mapping in construction projects. The technology uses multiple sensors deployed by small carts and drones to scan the ground and detect potential hazards such as underground utilities. The company aims to help construction companies mitigate the risk of unnecessary excavation and environmental damage. Exodigo raised $29 million in seed funding in February 2022 and has since worked with over 20 clients on large projects across the energy, utilities, and transportation sectors. The company plans to release additional software for mapping soil composition in the near future.
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growth-positive
National Grid investing in Israeli startup Exodigo | CTech
Israeli startup Exodigo, a developer of a non-intrusive subsurface imaging platform, has received an investment from National Grid Partners (NGP), the venture arm of one of the worlds largest utility companies, National Grid. The investment, which is estimated to be several millions of dollars, follows the successful deployment of Exodigos mapping solutions at National Grid sites in New York. Exodigo, which was founded by alumni of IDF intelligence units, raised $29 million in seed funding in February 2022. The company currently employs around 70 people and has offices in Tel Aviv and California.
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growth-positive
Sinkhole Safety: AI Sees Underground After Tel Aviv Drama
Exodigo, a startup specializing in non-intrusive underground mapping, used its AI technology to assist in assessing and addressing a sinkhole that opened up on the Ayalon Highway in Tel Aviv. The company combines 3D imaging and AI technologies with ground penetrating radar (GPR) and electromagnetic sensors to create detailed underground maps. Exodigo was able to identify areas of concern and provide initial findings within two hours of the sinkholes appearance. The company is developing technology specifically for mapping sinkholes, although it is not yet commercially available. Exodigos work is primarily with construction, mining, and utility companies in the US and Israel. The company was launched in May 2021 by three veterans of the IDFs elite intelligence units.
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growth-positive
הסטארט-אפ שימנע את הבולען הבא? -
Israeli start-up Exodigo was called to the scene of a sinkhole on one of Israels busiest roads. The company, founded by Unit 81 veterans, uses technology to map subterranean surfaces, eliminating the need for lengthy physical excavation. The technology has been successfully demonstrated in several projects in Israel and the US, including the Los Angeles Metro project. Exodigo is currently developing technology for additional markets, enabling non-invasive determination of soil composition for construction and mineral exploration. The company has raised $29 million.
Investment
growth-positive
Exodigo Underground Imaging Platform Helps Utility Infrastructure Engineering and Construction Company Avoid 50 Percent More Utility Hits
Exodigo, a technology innovator, has successfully completed an underground utility mapping project, receiving positive feedback from construction and utility company Charge. The Exodigo solution provides accurate and comprehensive maps of underground lines and utilities, reducing costs and risks in the construction industry. Charge praised Exodigo for exceeding expectations and making jobs easier, safer, and more efficient. The project involved mapping unobstructed pathways for installing new utility lines at a mobile home community. Exodigos advanced sensors, 3D imaging, and AI technologies were used to locate buried assets and provide precise mapping. The company was able to remove onsite interpretation, find more utility lines, reduce potholing costs, and improve construction personnel confidence. Exodigo aims to provide a safer and more sustainable way to locate buried underground assets. The company is based in Tel Aviv and is led by a team with expertise in AI and signal processing.
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growth-positive
Exodigo digs up $29 million in Seed funding for 3D subsurface imaging platform
Israeli company Exodigo has raised $29 million in Seed funding for its non-intrusive subterranean mapping platform. The platform can create a digital geolocated, 3D map of buried assets, such as pipes, cables, soil layers, rocks, minerals, and groundwater. The funding will be used to accelerate the companys expansion, with a focus on building a team in California for the commercial rollout in the United States. Exodigo plans to commence pilot projects in California, Florida, and Texas. The investors in the funding round include Zeev Ventures, 10D Ventures, SquarePeg Capital, and JIBE Ventures.
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