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retrofit automation

Xpanner secures $18 million Series B funding to scale AI-powered automation in construction

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Xpanner, a provider of construction automation equipment, has raised $18 million in Series B bridge funding. The round was led by Korea Investment Partners with participation from KB Investment (KBIC), both existing global investors.

The raise brings Xpanner’s total funding to $38 million and marks a focused effort to expand its subscription-based automation solution across the US market.

Ryan Park, co-founder and CFO and CSO of Xpanner, says: “We’re thrilled to have KIP’s continued support as we enter our next chapter. [Read more…] about Xpanner secures $18 million Series B funding to scale AI-powered automation in construction

Xpanner launches ‘first’ scalable physical AI-based automation solution for construction sites

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Xpanner, a specialist in construction automation solutions, has launched its flagship X1 Kit, which the company describes as “the first scalable physical AI-based retrofit solution designed to revolutionize construction site automation”.

The kit tackles prominent challenges such as labor shortages, safety hazards, and operational inefficiencies by deploying a flexible, equipment-agnostic system that can be easily integrated into existing construction machinery.

Since its formation in South Korea in 2020, Xpanner has been at the forefront of advancing construction technology. Founded by industry experts Henri Lee, David Shin, and Ryan Park, the company expanded to the US in 2023 with a goal to transform cutting-edge technology into something tangible and beneficial for operators on the ground. [Read more…] about Xpanner launches ‘first’ scalable physical AI-based automation solution for construction sites