Xpanner, a supplier of development automation tools, has raised $18 million in Collection B bridge funding. The spherical was led by Korea Funding Companions with participation from KB Funding (KBIC), each present international traders.
The increase brings Xpanner’s whole funding to $38 million and marks a targeted effort to develop its subscription-based automation answer throughout the US market.
Ryan Park, co-founder and CFO and CSO of Xpanner, says: “We’re thrilled to have KIP’s continued assist as we enter our subsequent chapter.
“This capital will speed up our Bodily AI options tackling labor shortages and jobsite productiveness – and fast-track our subscription mannequin enlargement.
“Our focus now’s constructing recurring subscription income on prime of a confirmed buyer base, driving each progress and profitability.”
Sangjoon Park, managing director at Korea Funding Companions, says: “Few Bodily AI firms in development, wherever on the earth, attain industrial traction and profitability this rapidly.
“Buyer conversations on the bottom gave us the conviction to return as traders and the shift to subscriptions is what turns a powerful product into a really scalable enterprise.”
Since its founding in South Korea in 2020 by business veterans from Bobcat, BMW, Boeing, Hexagon, and Volvo Building Gear, Xpanner has grown into the one firm in development Bodily AI with each significant income and confirmed profitability.
The corporate expanded to the US in 2023 with a mission to transform cutting-edge autonomous know-how into tangible productiveness positive factors for operators on energetic job websites.
At present, Xpanner companions with business leaders together with Mortenson, Black & Veatch, and QCells and has earned recognition on BuiltWorlds World Robotics High 50 Checklist for 2023-2025.
The corporate expanded to the US in 2023 with a mission to transform cutting-edge autonomous know-how into tangible productiveness positive factors for operators on energetic job websites.
At present, Xpanner companions with business leaders together with Mortenson, Black & Veatch, and QCells and has earned recognition on BuiltWorlds’ World Robotics High 50 Checklist for 2023-2025.
Since getting into the US market, the corporate has grown 10x year-over-year with zero churn. As of Q1 2026, Xpanner is sustainably worthwhile, with cumulative income exceeding $31 million – greater than 90 p.c of it earned within the US.
Market penetration is equally important. Xpanner has accomplished transactions with or entered energetic discussions with 19 of the highest 20 US photo voltaic farm EPCs, a penetration charge that has earned it recognition as the one “market-proven firm” in development Bodily AI.
On the coronary heart of Xpanner’s providing is software-defined equipment (SDM) – the precept that present development tools ought to evolve by means of software program, not {hardware} alternative.
The corporate’s flagship product, X1 Package, is a full-stack answer that integrates integrating SDM and retrofit {hardware} with task-specific automation licenses. Xpanner at the moment presents field-ready options for piling and materials dealing with.
Moderately than promoting tools outright, Xpanner delivers automation capabilities by means of its Automation-as-a-Service (AaaS) subscription mannequin – basically bringing the pay-as-you-go idea to development equipment, making automation accessible with out massive upfront funding.
The timing of this increase displays surging international demand for AI information facilities, Battery Power Storage Programs (BESS), and utility-scale photo voltaic farms; all of which require large-scale development that’s more and more troublesome to workers with conventional labor.
Xpanner’s platform sits on the intersection of two megatrends: the development business’s labor disaster and the explosive buildout of AI-era vitality infrastructure.
With the highest US photo voltaic EPCs already in its community, the corporate has successfully confirmed that its AaaS mannequin works at enterprise scale.
Kiho Lee, director at KB Funding, says: “What makes Xpanner compelling is that they’ve already de-risked the toughest half by proving the product works with prime EPCs at scale, and doing it profitably.
“Photo voltaic piling gave them the foothold. BESS and AI information facilities give them the runway. That mixture of confirmed execution and a quickly increasing market alternative is strictly why we doubled down.”
