- Companies
- Exodigo
Exodigo Revenue, Valuation, Funding & Investors
Exodigo is valued at $700M as of July 2025, a 28.0x multiple on its last reported $25M revenue.
Last Exodigo valuation
$700M
Series B · Jul 2025
Last Exodigo funding round
$96M
Series B · Jul 2025
Exodigo revenue
$25M
Series B · Jul 2025
Key investors in Exodigo
Square Peg Capital
Zeev Ventures
Jibe Ventures
10D
Greenfield Partners
Vintage Investment Partners
About Exodigo
Exodigo is a France-headquartered subsurface mapping company using multi-sensor fusion and AI to generate 3D digital models of underground utilities. The platform assists transportation, energy, and construction firms in reducing excavation risks across Europe and North America.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$25M (Jul 2025)
Valuation
$700M (Jul 2025)
Exodigo Valuation
Exodigo is currently valued at $700M, based on its Series B in July 2025.
The $96M round was led by Greenfield Partners and Zeev Ventures, with participation from 10D, Jibe Ventures, Vintage Investment Partners, Square Peg Capital and Leblon Capital.
Exodigo valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2025 | Series B | $700M | 28.0x |
Exodigo Revenue
Exodigo's latest recorded revenue is $25M, as of its Series B in July 2025. At a $700M valuation, that implies a 28.0x revenue multiple.
Exodigo revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2025 | $25M | $700M | 28.0x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Exodigo Funding History
Exodigo has raised a total of $212M across 4 funding rounds.
Exodigo's first fundraising round was a $29M seed round in February 2022. The most recent completed round was a $96M Series B in July 2025.
Exodigo funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Series B | Greenfield Partners (lead); Zeev Ventures (lead); 10D; Jibe Ventures; Vintage Investment Partners; Square Peg Capital; Leblon Capital | $96M | $700M | Exodigo is an Israeli subsurface intelligence startup founded in 2021 that uses AI, multi-sensor technology, and cloud-based processing to map underground utilities and infrastructure, helping de-risk construction and infrastructure projects by providing precise 3D mapping of subterranean assets. The company serves over 50 transit agencies, departments of transportation, municipalities, and utility firms globally, including Amtrak, California High-Speed Rail Authority, Metropolitan Transportation Authority, and National Grid. Its technology has been deployed across 18 U.S. states and major cities like Chicago, New York, and Los Angeles, derisking over $75 billion in infrastructure investments in the past year. On July 16, 2025, Exodigo closed a $96 million oversubscribed Series B funding round co-led by existing investors Zeev Ventures and Greenfield Partners, with participation from 10D VC, Square Peg Capital, Jibe Ventures, and new investors Vintage Investment Partners and Leblon Capital. This brought total funding to $214 million since inception. The round included a secondary component where investors bought $10-15 million in shares from veteran employees and founders. Sources estimate the post-money valuation at $600-700 million (using $700M), doubling from the prior round, targeting expansion in a $500 billion underground investigation market. Exodigo plans to use proceeds to expand its global team (now over 400 employees, doubled since 2022), intensify R&D for a new geotechnical risk reduction product analyzing soil, rock properties, and groundwater, and enter new markets. According to estimates, annual revenue stands at $20-30 million, with plans to sign $100 million in multi-year agreements by year-end, driven by repeat government and infrastructure clients. |
| Feb 2024 | Series A | Greenfield Partners (lead); Zeev Ventures (lead); 10D; Jibe Ventures; Square Peg Capital; National Grid Partners (NGP) | $75M | - | Exodigo is an AI innovator modernizing underground mapping through non-intrusive technology combining software and hardware breakthroughs for subsurface intelligence, targeting utilities, transportation, and infrastructure sectors in a market estimated at $500 billion. The company closed a $105 million Series A round on February 27, 2024, co-led by Greenfield Partners and existing investor Zeev Ventures, with participation from Square Peg, 10D VC, JIBE Ventures, and National Grid Partners. Proceeds will expand the global team, develop a self-service product line, and enter new markets, building on its rapid establishment as the gold standard in underground intelligence within two years. Existing investors doubled down due to strong demand from industry leaders, with board additions including Raz Mangel from Greenfield Partners and Philippe Schwartz from Square Peg, joining Oren Zeev and Yahal Zilka. The advisory board features experts like Danny Glotter, Barak Kirschner, Peter Rogoff, Michael Schneider, Lou Shipley, and Simon Wright. |
| Jan 2023 | Seed | - | $12M | - | Exodigo is an AI-powered subsurface imaging platform based in Tel Aviv and San Francisco that enables utility companies and infrastructure leaders to map underground assets without excavation. The company combines electromagnetic, radar, and lidar signals with proprietary machine learning to detect hidden infrastructure, geological features, and risks with 99% accuracy. In January 2023, Exodigo closed a $41 million seed round extension with participation from National Grid Partners, bringing total seed funding to $41 million. At the time of this round, the company had been commercially available since June 2022 and had achieved rapid adoption among 20+ leaders in utilities, construction, and transportation across the United States, Europe, and Israel. The funding was intended to meet intense market demand and support expansion of teams and enterprise customer reach. |
| Feb 2022 | Seed | 10D (lead); Jibe Ventures (lead); Zeev Ventures (lead); Square Peg Capital; Tidhar; ISRAEL CANADA; WXG | $29M | - | Exodigo is an Israeli startup providing a nonintrusive subsurface mapping platform using 3D imaging, sensors, and AI to create digital geo-located 3D maps of buried assets like pipes, cables, soil layers, rocks, minerals, and groundwater for construction, mining, and utility companies. Founded by CEO Jeremy Suard, CTO Ido Gonen, and CPO Yogen Shifman, all veterans of IDF elite intelligence units 81 and 8200, the company launched commercially in the US and Israel in February 2022. The platform eliminates exploratory excavation, reduces risks from underground damage estimated at $30 billion annually in the US, and supports depths up to 10 meters initially, with plans for deeper explorations. Exodigo raised $29 million in an initial seed funding round on February 17, 2022, led by Zeev Ventures and 10D Ventures, with participation from SquarePeg Capital, JIBE Ventures, Tidhar Construction, Israel Canada, and WXG Ltd. Yahal Zilka of 10D Ventures and Oren Zeev of Zeev Ventures joined the board. The funds were allocated to build a California-based team and support US commercial rollout, including pilot projects in California, Florida, and Texas. Investors highlighted the technology's superiority over outdated methods, potentially preventing costly incidents like spills and explosions. The company described the seed as equivalent to a Series A in scale, recruiting 15 people pre-launch and closing quickly. Later, Exodigo extended the seed to $41 million after initial pilots. |
Who has invested in Exodigo?
11 investors have backed Exodigo across its funding rounds, including Square Peg Capital, Zeev Ventures, Jibe Ventures, 10D, Greenfield Partners and Vintage Investment Partners.
Lead investors include Greenfield Partners, Zeev Ventures, 10D and Jibe Ventures.
Exodigo Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Feb 2022 | ||
| 3 | Lead | Feb 2022 | ||
| 3 | Lead | Feb 2022 | ||
| 3 | Participant | Feb 2022 | ||
| 2 | Lead | Feb 2024 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Feb 2022 | ||
This data is available for Pro users. Sign up to see all 11 Exodigo investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Exodigo
Exodigo has acquired 1 company to date.
Last acquisition by Exodigo was on July 6th 2026. Exodigo acquired V and A for $28M.
Latest Acquisitions by Exodigo
| Description | V and A is an engineering consultancy that delivers civil and traffic design services on design-build transportation projects. |
| HQ Country | |
| HQ City | Los Angeles, CA |
| Deal Date | 6 Jul 2026 |
| Valuation | $28M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Exodigo acquisitions and their M&A valuation multiples. Start Free Trial | |
Exodigo Competitors
Exodigo competitors include listed companies like TRS Information Technology and PKSHA Technology, and private ones like Pinecone, Pliops, Reducto and Labelbox.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $750M | - | ||
| Private | - | - | $650M | - | ||
| Private | - | - | $605M | - | ||
| Private | $33M | - | $900M | 27.3x | ||
| Publicly listed | $76M | ($20M) | $1.7B | 19.7x | ||
| Publicly listed | $140M | $47M | $627M | 2.4x |
Exodigo Public Comps
Exodigo is still privately-owned, but its public comps include LightPath Technologies, Optex Group Co, First Sensor, Reconova Technologies, PKSHA Technology, LEM Holding, TOKYO KEIKI, e-Hualu, ExaWizards and Hangzhou Sunrise Tech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $72M | ($15M) | 8.9x | 8.0x | (41.8x) | 263.8x | |||
| $424M | $70M | 1.4x | 1.3x | 8.5x | - | |||
| $122M | $3M | 5.3x | - | 217.2x | - | |||
| $66M | ($8M) | 10.0x | - | (82.0x) | - | |||
| $140M | $47M | 4.1x | 2.4x | 12.2x | 10.7x | |||
| $350M | $53M | 2.5x | 2.4x | 16.6x | 13.3x | |||
| $393M | $46M | 2.3x | 2.1x | 19.4x | 17.7x | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
This data is available for Pro users. Sign up to see all Exodigo competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Exodigo
| When was Exodigo founded? | Exodigo was founded in 2021. |
| Where is Exodigo headquartered? | Exodigo is headquartered in Tel Aviv, Israel. |
| Is Exodigo publicly listed? | No, Exodigo is a private, VC-backed company. |
| What is Exodigo's valuation? | Exodigo was last valued at $700M in its Series B in July 2025. |
| How much funding has Exodigo raised? | Exodigo has raised $212M across 4 funding rounds. |
| What was Exodigo's last funding round? | Exodigo's last funding round was a $96M Series B in July 2025, led by Greenfield Partners and Zeev Ventures. |
| Who are Exodigo's investors? | Exodigo's investors include 10D, Jibe Ventures, Zeev Ventures, Square Peg Capital, Greenfield Partners, Vintage Investment Partners, Tidhar, Leblon Capital, ISRAEL CANADA, National Grid Partners (NGP) and 1 other. |
| What is Exodigo's revenue? | Exodigo's latest recorded revenue is $25M (July 2025). |
| What is Exodigo's revenue multiple? | Exodigo's latest valuation implies a 28.0x revenue multiple ($700M valuation on $25M of revenue). |
| Which companies are comparable to Exodigo? | Companies comparable to Exodigo include Pinecone, Pliops, Reducto, Labelbox, TRS Information Technology and PKSHA Technology. |
| How many companies has Exodigo acquired? | Exodigo has acquired 1 company, including V and A. |
| What was the largest acquisition by Exodigo? | The $28M acquisition of V and A in July 2026 is the largest acquisition Exodigo has made to date. |
See companies similar to Exodigo
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




