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Xpanner, a leader in construction automation, has raised USD 18million in Series B bridge funding. The round was led by Korea Investment Partners Co.,Ltd.(KIP)with participation from KB Investment Co.,Ltd.(KBIC),both existing global investors.38 million and marks a focused effort to expand its subscription-based automation solution across the U.S. market.
Xpanner raises 18 M Series B bridge led by Korea Investment Partners(KIP) with KBInvestment, bringing total funding to 38M.
Founded in 2020 by industry veterans from Bobcat, BMW, Boeing, Hexagon, and Volvo CE.
Xpanner partners with Mortenson, Black & Veatch, and QCells; recognized on BuiltWorlds Global Robotics Top 50 List 2023-2025.
As of Q1 2026, sustainably profitable with cumulative revenue exceeding $31M (90%+ earned in US).
10x year-over-year growth with zero churn since entering US market in 2023.
Has transactions with or active discussions with 19 of top 20 US solar farm EPCs.
“We're thrilled to have KIP's continued support as we enter our next chapter,” said Ryan Park, co-founder & CFO and CSO of Xpanner. “This capital will accelerate our Physical AI solutions tackling labor shortages and jobsite productivity – and fast-track our subscription model expansion. Our focus now is building recurring subscription revenue on top of a proven customer base, driving both growth and profitability.”
“Few Physical AI companies in construction, anywhere in the world, reach commercial traction and profitability this quickly,” said Sangjoon Park, Managing Director at Korea Investment Partners. “Customer conversations on the ground gave us the conviction to return as investors and the shift to subscriptions is what turns a strong product into a truly scalable business.”
“What makes Xpanner compelling is that they've already de-risked the hardest part by proving the product works with top EPCs at scale, and doing it profitably,” said Kiho Lee, Director at KB Investment. “Solar piling gave them the foothold. BESS and AI data centers give them the runway. That combination of proven execution and a rapidly expanding market opportunity is exactly why we doubled down.”
At the heart of Xpanner's offering is Software-Defined Machinery (SDM) – the principle that existing construction equipment should evolve through software, not hardware replacement. The company's flagship product, X1 Kit, is a full-stack solution integrating SDM and retrofit hardware with task-specific automation licenses. Xpanner currently offers field-ready solutions for piling and material handling through its Automation-as-a-Service (AaaS) subscription model.
The timing reflects surging global demand for AI data centers, Battery Energy Storage Systems (BESS), and utility-scale solar farms; all of which require large-scale construction that is increasingly difficult to staff with traditional labor. Xpanner's platform sits at the intersection of the construction industry's labor crisis and the explosive buildout of AI-era energy infrastructure.
Xpanner is a ConTech startup pioneering construction site automation through robotics and Physical AI. With its Automation-as-a-Service (AaaS) model, Xpanner delivers field-proven solutions that are forward deployed – boosting productivity, safety, and quality on active job sites. Xpanner's headquartered in Santa Fe Springs, CA and has an office in Seoul, Korea.
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