Israeli AI Mapping Firm Exodigo Acquires US Engineering Company V&A for $25 Million
Exodigo, an Israeli company specializing in AI-based underground mapping technology, has acquired the American engineering firm V&A for an estimated $25-30 million. The acquisition enhances Exodigo's engineering capabilities and strengthens its presence in the Los Angeles and Southern California infrastructure market, one of the largest in the US.
Exodigo's technology uses advanced sensing systems, 3D imaging, and AI to map and analyze underground data without physical excavation. This addresses major infrastructure challenges such as uncertainty about underground conditions including soil types, rock layers, cavities, groundwater, unmapped or inaccurately mapped utilities, and building foundations. Comprehensive mapping helps avoid unexpected issues during construction that can cause delays, increased costs, and safety risks.
V&A, operating for nearly two decades with dozens of employees, provides engineering services across transportation, aviation, water, energy, and infrastructure sectors. Its clients include the City of Los Angeles, California Department of Transportation, state high-speed rail projects, Los Angeles Metro, Southern California electricity and gas companies, and the Los Angeles water and power authority.
Founded in 2021, Exodigo has raised $214 million from investors such as Zeev Ventures, Greenfield Partners, and National Grid. V&A will continue operating as a separate unit within Exodigo, with its management maintaining project oversight and client relationships.
Exodigo co-founder and CEO Jeremy Seward highlighted V&A's exceptional professional team, strong client trust, and ability to manage large, complex infrastructure projects on time and budget. He noted V&A's 90% client retention rate reflects deep ties with key regional infrastructure bodies. The merger combines engineering expertise with advanced underground data mapping technology, enabling clients to make smarter, data-driven decisions and execute projects with higher certainty.
