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Dig Energy has successfully raised $5 million in venture capital to pilot its innovative geothermal drilling technology, which significantly reduces costs by up to 80% compared to traditional rigs. The funding round was co-led by Azolla Ventures and Avila VC, with contributions from several other investors. The company's goal is to broaden the accessibility of geothermal heat pumps for homes and businesses, tapping into the abundant and reliable heat sources beneath the Earth's surface.