Exodigo Brings AI Efficiency to Infrastructure Industry, Closes $96 Million Series B

Underground Mapping Innovator Doubles Valuation Based on Global Demand From Utility, Transportation and Infrastructure Leaders as Early Investors Double Down on Oversubscribed Growth Round 

PALO ALTO, CALIF. and TEL AVIV — July 16, 2025 — Exodigo, the artificial intelligence (AI) and multi-sensing innovator modernizing underground data intelligence, today announced the close of a $96 million Series B round, for a total of $214 million in funding since its launch in 2021. Early investors Zeev Ventures and Greenfield Partners co-led the Series B with participation from existing investors 10D VC, Square Peg and JIBE, alongside new investors Vintage Investment Partners and Leblon Capital. 

Reshaping how infrastructure, transit and utility companies manage underground risk, Exodigo continues to lead a complete reinvention of underground intelligence. Exodigo provides a way to see underground, with an initial focus on mapping buried pipes, wires and utility assets, to make designing and constructing new buildings, highways, subways, and other massive infrastructure projects safer, faster and more eco-friendly by avoiding unnecessary excavation, risks, delays and budget overruns. 

“Led by world-class pioneers in AI and multi-sensing underground intelligence, Exodigo has created a completely new market and is driving unprecedented growth with infinite opportunities for expansion across underground investigation applications,” noted Oren Zeev, Founding Partner, Zeev Ventures. “The future of the underground and everything built above it depends on Exodigo.”

More than 50 transit agencies, department of transportations (DOTs), municipalities, and utilities around the world rely on Exodigo to make capital projects safer and more efficient, including Amtrak, California High-Speed Rail Authority, Florida DOT, Gateway Development Commission, Kansas DOT, LA Metro, Metropolitan Transportation Authority, National Grid, Southeastern Pennsylvania Transportation Authority (SEPTA), and Sound Transit. Since its Series A, Exodigo has doubled its valuation and grown its team to 400 employees worldwide. The company will use the new capital to further build out its global team, accelerate the development of a suite of underground data solutions, and expand into new regional markets. 

“Exodigo is redefining AI for geophysics in an effort to solve the underground and unlock a $500B market. Providing access to precise underground visibility has the potential to drive tens of billions of dollars in efficiency savings across a variety of industries and global growth centers,” said Raz Mangel, Partner, Greenfield Partners.”

While the need for modernizing aging or insufficient infrastructure aimed at solving the transportation and lifestyle shifts of our global population is clear, massive infrastructure projects come with substantial risk. According to McKinsey & Company, 98 percent of  mega-projects incur cost overruns or delays, with an average cost increase of 80 percent and slippage of 20 months. Every year, companies and governments spend more than $100 billion on excavation and drilling to discover what is underground due to inaccurate and incomplete data – leading to tremendous environmental and economic impact.