Xpanner Secures $18 Million Series B Bridge Round to Scale AI-Powered Automation in Construction

Xpanner has raised USD $18 million in Series B bridge funding. The round was led by Korea Investment Partners, with participation from KB Investment. The raise brings Xpanner’s total funding to USD $38 million and marks a focused effort to expand its subscription-based automation solution across the U.S. market.

Ryan Joohan Park, co-founder & CFO and CSO of Xpanner, said, “We’re thrilled to have KIP’s continued support as we enter our next chapter. 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.”

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 that integrates integrating SDM and retrofit hardware with task-specific automation licenses. Xpanner currently offers field-ready solutions for piling and material handling.

Rather than selling equipment outright, Xpanner delivers automation capabilities through its Automation-as-a-Service (AaaS) subscription model, essentially bringing the pay-as-you-go concept to construction machinery, making automation accessible without large upfront investment.

Source