The global infrastructure industry is in the midst of a major transformation as public and private sector projects face pressure to improve safety, reduce costs, and stay on schedule. Today, large-scale infrastructure projects rely on manual or antiquated methods to map underground terrain, which leads to over one million utility strikes globally. This results in significant impact to infrastructure projects, causing major project delays and over $125 billion in damages every year.
That’s why we are excited to announce our participation in Exodigo’s $96 million Series B round, bringing the company’s total funding to $214 million. With headquarters in Palo Alto and Tel Aviv, Exodigo is a pioneer in underground mapping whose AI-powered platform fuses multi-sensor hardware and advanced imaging to generate precise underground maps that reveal hidden infrastructure without excavation. The company will use the new capital to accelerate its global expansion and deliver critical insights to transform the way the world builds.
We were proud to join this oversubscribed round alongside Zeev Ventures, Greenfield Partners, and other existing investors, with support from JIBE (an early Exodigo backer and a top Israeli early-stage fund) with whom we partnered to access the deal.
Why we’ve made Exodigo the first investment in our new Alpha Israel strategy
Every year, undocumented underground utilities cause billions in delays, cost overruns, and safety hazards. With over $9 trillion in global infrastructure spending slated for 2025 — with between $450 billion and $900 billion of that going toward planning — Exodigo addresses a massive and urgent need. By eliminating destructive guesswork, the company’s tech allows public and private stakeholders to keep projects on time, on budget, and environmentally safer.
Founded in 2021 and led by CEO Jeremy Suard, Exodigo is an Israel-based technology company with approximately 346 employees, many of whom come from elite Israeli Military Intelligence units 8200 and 81. The company applies advanced AI and sensor fusion to noninvasively detect underground utilities and conditions with 99% accuracy. Its multisensor platform combines electromagnetic, radar, and light detection and ranging signals with proprietary machine learning models to produce a comprehensive digital twin of what lies underground. This allows engineers, utility owners, and contractors to reduce strikes and develop infrastructure with confidence.
“Exodigo is en route to transform the Infrastructure space via AI,” says Gal Gitter, a Partner at Alpha Partners. “It enables its clients to operate at a completely new standard on some of the world’s largest infrastructure projects. Exodigo’s AI-driven, non-invasive mapping platform is a transformative leap forward in speed, accuracy, and cost effectiveness in the $500 billion global infrastructure engineering market. It also represents exactly the types of companies we see coming out of Israel: ones with a deep technical competitive advantage with potential to transform an industry.”
Exodigo’s hardware, software, and AI are all developed in-house, and deliver unmatched precision, significantly reducing costs and increasing efficiency when deployed in infrastructure projects. And the platform continues to improve as it gets adopted, benefiting from an increasing data flywheel. Importantly, Exodigo’s technology represents a holistic solution rather than just an incremental improvement to the infrastructure industry.
With the addition of Exodigo, which joins Semperis and Vi Labs, this investment underscores our thesis that, despite the conflicts in the region, Israeli founders continue building some of the world’s most promising technology companies.
