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April 8, 2024

Revolutionising Infrastructure Mapping: Exodigo's £82M Funding Boost

Revolutionising Infrastructure Mapping: Exodigo's £82M Funding Boost

Exodigo, a pioneering firm specialising in buried infrastructure mapping, is poised to revolutionise the industry's approach to addressing significant challenges such as delays, budget overruns, and environmental risks. Recently, the company secured a staggering £82 million in funding, signaling a major vote of confidence in its mission to harness artificial intelligence (AI) to mitigate utility strikes.

Exodigo's cutting-edge technology combines advanced sensors with AI algorithms to accurately identify underground utilities and assets. This not only enhances safety and efficiency but also addresses a pressing global issue. Utility strikes not only disrupt construction projects but also contribute to unnecessary emissions and environmental damage.

The significance of Exodigo's platform lies in its ability to outperform traditional methods. According to the company, their solution locates up to 30% more utility lines compared to other services. Moreover, it drastically reduces the need for preliminary digging and trial holes, potentially slashing costs and timelines by up to 90%.

With the infusion of capital from its latest funding round, Exodigo is poised to accelerate its growth trajectory. A significant portion of the investment will be allocated to expanding its UK and European teams, bolstering its expertise in key markets. Additionally, the company aims to diversify its range of scanning products, further solidifying its position as a leader in the field of buried infrastructure mapping.

The implications of Exodigo's advancements extend far beyond the construction industry. By minimising utility strikes, their technology not only enhances project efficiency but also promotes sustainability by reducing emissions and environmental risks associated with excavation.

In conclusion, Exodigo's recent funding success marks a significant milestone in the journey toward more efficient and sustainable construction practices. As the company continues to innovate and expand its reach, the construction industry can look forward to a future where buried infrastructure mapping is safer, more accurate, and more environmentally friendly than ever before.

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