Exodigo Company Research Report
Company Overview
Name
Exodigo
Mission
To power the next era of underground exploration - saving time, money, lives, and the planet.
Founded
2022
Founders
No information is available
Key People
- Jeremy Suard: Chief Executive Officer and Co-Founder
- Ido Gonen: Chief Technology Officer and Co-Founder
- Aurelia Setton: Chief Business Officer
- Tamir Cohen: Chief Operating Officer
- Oriel Halvani: VP Research & Development
- Ofri Lehmann: VP Product Operations
- Arie Abramovici: VP Software Engineering
Headquarters
Tel Aviv, Israel and Palo Alto, California, USA
Number of Employees
No information is available
Revenue
No information is available
Specialization
Exodigo is known for creating complete, accurate underground maps using non-intrusive, multi-sensing technology and artificial intelligence. This technology is crucial for decision-making in utilities, transportation, and government sectors.
Products
Overview
Exodigo offers advanced underground mapping technology that combines multiple sensors, 3D imaging, and artificial intelligence to create accurate subsurface maps.
Key Features
1. Multi-Sensor Fusion: Combines data from multiple sensors across various fields of physics to detect all buried assets regardless of material and properties.
2. AI-Powered Map Creation: Utilizes cloud computing simulations and AI algorithms to create precise 3D models of underground environments.
3. Non-Intrusive Data Collection: Captures data without disturbing surface objects, breaking ground, or physically connecting to utilities.
4. Precision and Completeness: Capable of collecting 1000x more data than conventional locators, ensuring high accuracy and reliability.
Recent Developments
Series A Funding
- Date: February 27, 2024
- Amount: $105 million
- Investors: Greenfield Partners, Zeev Ventures, SquarePeg, 10D VC, JIBE, and National Grid Partners.
- Purpose: To further build out its global team, accelerate development of a self-service product line, and support expansion into new markets.
New Markets and Partnerships
- Expansion: Exodigo is increasing its presence in Europe (UK, France, Italy) and continuing leadership in Israeli and U.S. markets.
- Partnerships: Notable collaborations include AECOM, Colas Rail, GRDF, Houston METRO, HS2, Israel Electric Corporation, LA Metro, National Grid, PG&E, SEPTA, and VINCI.
Technology Advancements
- AI and Sensor Integration: Continuously evolving algorithms to improve depth accuracy and precision by integrating the latest advances in physics and sensor technology.
- Project Highlights: Cases such as reducing the need for invasive methods by 60% in San Francisco and preventing costly utility strikes in Birmingham, UK.
Key Highlights
Case Studies
1. Urban Utilities in San Francisco: Identified all utilities without disturbing the street, reducing invasive methods by 60%.
2. Metro Expansion in Birmingham, UK: Prevented costly utility strikes and unblocked project route.
3. Gas Substation in New York: Provided complete underground map and confirmed utility locations with National Grid.
Notable Projects
- Electric Substation Expansion
- Urban Utility Mapping in San Francisco
- Metro Expansion Project
- Highway Expansion in Texas Wetlands
Board and Advisory Appointments
- New Board Members: Raz Mangel (Greenfield Partners), Philippe Schwartz (SquarePeg)
- Advisory Board: Includes experts like Peter Rogoff, Mike Schneider, Simon Wright, Lou Shipley, and Barak Kirschner.
Press and Recognitions
- Top 345 Startups in the World: CB Insights
- Best Inventions of 2022: TIME
- Fast Company's Next Big Things in Tech 2022
- Collaborations with major media outlets: Bloomberg, Axios, Fierce Electronics, CNBC, and more.
Testimonials
- David Lessard, National Grid: "Exodigo presents a significant opportunity for us to improve safety, reduce cost, and increase operational efficiency."
- Robert Tangi, SEPTA: "There may be opportunities to expedite and ensure more accurate utility survey information for project delivery."
Conclusion
Exodigo has rapidly positioned itself as a leader in the underground mapping industry by leveraging cutting-edge technology and AI. With significant funding and key partnerships, the company is poised for further growth and innovation in subsurface exploration.
