Exodigo raises $105M Series A, a top-percentile AI round in Israel
What's the deal? Exodigo, an Israeli company using artificial intelligence to map what lies underground, has closed a $105 million Series A. The round converts $30 million previously secured in SAFEs, bringing total funding to $118 million since the company's launch in 2022.
Who's backing it? Greenfield PartnersDealroom has a profile for this one. Try Dealroom → and existing investor Zeev Ventures co-led the round, with participation from existing investors SquarePegDealroom has a profile for this one. Try Dealroom →, 10D VCDealroom has a profile for this one. Try Dealroom →, JIBE, and National Grid Partners.
What does it do? Exodigo combines multi-sensor fusion, 3D imaging, and AI to build complete underground maps without digging. Its customers span the utilities, transportation, and government sectors.
What's the money for? Exodigo plans to expand its global team, accelerate development of a self-service product line, and move into new markets.
Why it matters: "Exodigo has taken the underground mapping market by storm and established its platform as the gold standard in comprehensive underground intelligence in just two short years," said Oren Zeev, founding partner at Zeev Ventures. Greenfield's Raz Mangel and SquarePeg's Philippe Schwartz will join the board alongside Zeev and 10D's Yahal Zilka.
The signal: The raise ranks among the largest of its kind — the top percentile of Series A rounds by AI companies in Israel over the past 48 months, across a sample of 135 deals. That scale reflects investor appetite for AI applied to hard, physical infrastructure problems rather than software alone.
Read more: startuprise.org
Image credit: Exodigo
