Xpanner has secured $18 million in Series B bridge funding as the company expands its AI-powered construction automation platform across the United States.
The funding round was led by existing investors Korea Investment Partners and KB Investment. With this round, Xpanner’s total funding has reached $38 million.
The company said the capital will support the expansion of its U.S. operations and help accelerate deployment of automation systems across construction sites. Most importantly, the company is focusing on sectors experiencing rising demand for labor-saving technologies, including solar farms, battery energy storage projects, and AI data center construction.
Founded in 2020 in South Korea, Xpanner was established by former executives and engineers from companies including Bobcat Company, BMW, Boeing, Hexagon AB, and Volvo Construction Equipment.
The company develops automation technology for construction machinery and jobsite operations through what it describes as Software-Defined Machinery.
Instead of replacing equipment entirely, Xpanner retrofits existing construction machines with automation hardware and software. These systems are designed for tasks such as piling and material handling.
In addition, the company delivers its technology through an Automation-as-a-Service subscription model. According to Xpanner, this approach helps contractors reduce upfront equipment costs while gaining access to automated construction capabilities.
Xpanner entered the U.S. market in 2023. Since then, the company said more than 90% of its cumulative revenue has come from American customers.
The company also reported tenfold year-over-year revenue growth and stated that it reached profitability in the first quarter of 2026.
Xpanner currently operates from its headquarters in California and maintains an additional office in Seoul, South Korea.
According to Xpanner, it has completed projects with or entered discussions with 19 of the top 20 solar engineering, procurement, and construction firms in the United States.
Its customers and partners include Mortenson, Black & Veatch, and Qcells.
Ryan Park, Co-Founder, CFO, and CSO of Xpanner, said the company plans to use the funding to expand its subscription business and scale its physical AI solutions focused on labor shortages and productivity challenges in construction.
Sangjoon Park, Managing Director at Korea Investment Partners, said the company’s commercial traction and profitability contributed to investor confidence in the latest funding round.
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