Exodigo, a fast-growing Israeli startup, has closed a $96 million series B round, doubling its valuation and positioning its AI-powered underground intelligence platform as a potential game-changer for defense technology.
Though its commercial applications have already gained traction among transportation authorities and utility companies in the United States, the strategic implications of Exodigo’s subsurface mapping technology are sparking interest far beyond infrastructure.
The deadly October 2023 Hamas attacks and the war with Hezbollah highlighted the strategic need to detect, interpret, and neutralize underground tunnel networks. Both Hamas and Hezbollah have extensive networks that pose a dangerous vulnerability to IDF forces. These subterranean routes, spanning kilometers, have been used to move hostages, transport personnel, weapons, and even vehicles, often beneath urban environments and civilian infrastructure.
Tunnel detection has been a high-cost, low-visibility challenge for military and defense agencies. The IDF has been working for years and even had a brigade-size unit, whose task is to develop new technologies and tactics for underground warfare. The military’s Yahalom unit, of the Combat Engineering Corps, is also trained to deal with the unique tasks related to tunnel infrastructure and subterranean warfare.
Traditional ground-penetrating radar and seismic sensors often struggle with resolution, particularly in dense terrain or urban areas. Exodigo offers a new kind of digital alternative. By fusing multi-sensing technology with cloud-based AI, it produces high-fidelity 3D underground maps without physical intrusion.
Accurate, scalable, and non-invasive subsurface intelligence could support tunnel detection, route mapping, and terrain analysis for defense forces, particularly in environments where hidden infrastructure poses immediate threats to troop movement, border integrity, or critical infrastructure.
“Exodigo has set a new global standard for 3D underground intelligence. Since launching, we’ve worked closely with industry leaders to transition from the status quo of missing up to 50 percent of underground utilities to 99 percent accuracy without any digging,” added Jeremy Suard, Co-Founder and CEO of Exodigo. “Our team has driven tremendous growth in just a few short years and we see unlimited potential for the expansion of our underground mapping innovations as leaders around the globe push to understand the underground and embrace AI to drive a new era of safety and efficiency.”
Exodigo's founding in 2021
Exodigo was founded in 2021 by Suard and CTO Ido Gonen and with its latest round, backed by Zeev Ventures, Greenfield Partners, and others, Exodigo plans to further grow its global team and expand into new regional markets, intensify its R&D efforts to launch its geotechnical risk reduction solution, and continue the development of its multi-faceted underground data platform.
“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.
Exodigo’s platform was originally designed for civilian use. According to a press release by the company, in the last year alone, Exodigo provided precise knowledge of subsurface assets to derisk more than $75 billion in US federal, state, and local infrastructure investment.
The company also conducted subsurface utility scans in 18 states across various terrains, including projects for the three largest US transit agencies, which have a combined annual capital budget of approximately $16 billion, and four of the top 10 largest US utility companies.
“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.”