Xpanner
Stub active Updated May 14, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Founders
About
Xpanner is a Santa Fe Springs, California-based robotics and physical AI company founded in 2020 that retrofits existing construction equipment with autonomous capabilities through its X1 Kit platform, offered as an Automation-as-a-Service (AaaS) subscription 1. The company’s approach lets customers turn equipment they already own into automated assets through hardware and software updates rather than fleet replacement 1. On May 14, 2026, Xpanner announced an $18M Series B bridge round led by Korea Investment Partners (KIP) with KB Investment Co. (KBIC) participating, bringing total funding to $38M since inception 1. Revenue grew from $3M in 2023 to $7M in 2024 to $21M in 2025, with $8M in Q1 2026 revenue and $1M EBIT 1.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-05-14 | Series B | $18M | Korea Investment Partners | KB Investment Co. 1 |
What Investors Say
Sangjoon Park, Managing Director at Korea Investment Partners, said: “Strong gross margins, near-zero churn, and rapid account expansion are signals that the value proposition is real and not pilot-driven.” 1
What Founders Say
Henri Lee, CEO of Xpanner, said: “There’s no upfront investment, no rip-and-replace. Like a smartphone gaining new capabilities through app updates, customers expand their automation through simple software updates.” 1