Israeli underground mapping co Exodigo raises $29m
Date
2/18/2022 7:30:10 AM
(MENAFN- Trend News Agency)
Israeli 3D imaging, sensors and AI subterranean mapping platform
Exodigo today announced the completion of a $29 million seed
financing round led by Zeev Ventures and 10D Ventures, with
participation from SquarePeg Capital, JIBE Ventures, Tidhar
Construction, Israel Canada and WXG. Exodigo also announced the
commercial availability of its groundbreaking nonintrusive platform
for construction, mining and utility companies in the US and
Israel, Trend reports with reference to Globes .
Exodigo was founded by CEO Jeremy Suard, CTO Ido Gonen, and CPO
Yogen Shifman, veterans of the IDF 81 intelligence unit. Exodigo's
sensor system effectively provides 3D subsurface imaging that
eliminates the need for exploratory excavation and powers smart
drilling and sustainable operations by de-risking the discovery
process across industries.
Tidhar Construction CEO Gil Geva said, 'Traditional underground
discovery techniques are grossly outdated and incredibly
inaccurate. Exodigo is the future of underground mapping. Led by a
team with unequaled experience, Exodigo will solve costly, and at
times devastatingly catastrophic, problems that have plagued
developers and engineers for decades.'
Exodigo can rapidly create a digital geo-located, 3D map of
buried assets - from man-made pipes and cables to soil layers,
rocks, minerals, and even groundwater across any terrain.
Suard said, 'It is time to finally break ground on a safer, more
sustainable and infinitely more precise method for subterranean
discovery. Our powerful combination of advanced sensor technologies
and proprietary AI platform provides users with a safe, fast way to
get a complete view of what lies beneath the surface with
unprecedented precision. Ending the era of blind digs, Exodigo
gives companies an accurate, easy-to-understand map of what lies
beneath the surface - empowering their teams to save time, money,
and lives. Think of it like combining the scanning power of an MRI,
CT scan and ultrasound all into one image of what is beneath the
ground.'
Exodigo will commence pilot projects in California, Florida and
Texas in the weeks ahead. The company plans to use the funding to
accelerate its expansion, with a focus on building a
California-based team to support the commercial rollout in the US.
Yahal Zilka of 10D and Oren Zeev of Zeev Ventures have joined the
board.
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