Underground AI-geomapping firm raises nearly US$100m

Representation of Exodigo’s 3D digital twin of above and underground assets, collecting using AI. Image: Exodigo

The new round doubles the company’s valuation and brings total funding to $214 million since its 2021 launch.

The firm was initially co-led by existing investors Zeev Ventures and Greenfield Partners, with new backing from Vintage Investment Partners and Leblon Capital.

Exodigo’s platform is designed to reduce excavation risk on major infrastructure projects by mapping underground utilities, pipes, and subsurface features using AI, advanced sensors, and 3D imaging.

A company representative told Construction Briefing the technology is already in use by more than 50 agencies and utilities worldwide, including US organisations Amtrak, LA Metro, and the Florida and Kansas Departments of Transportation, as well as UK-based firm National Grid (which controls energy assets in the US states of New York, Massachusetts and Rhode Island).

The system aims to address one of the construction sector’s costliest blind spots: Exodigo says its mapping platform helps prevent unnecessary digging, delays and environmental disruption.

“Providing access to precise underground visibility has the potential to drive tens of billions of dollars in efficiency savings,” said Raz Mangel, partner at Greenfield Partners.

The company is also supporting Amtrak’s ‘New Era’ modernisation programme and California’s high-speed rail project, among other ongoing infrastructure efforts.

Its 400-person global team is expected to grow further as the firm expands into new regional markets and develops additional underground data tools.

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