XOi names new CRO as it adds J.P. Morgan financing

By AI, Created 4:59 PM UTC, May 18, 2026, /AGP/ – XOi appointed Jason Ring as chief revenue officer and secured new debt financing from J.P. Morgan as the Nashville company pushes deeper into asset intelligence for the field service industry. The moves follow a $230 million investment last year from KKR-backed funds and a new headquarters opening in the Gulch.

Why it matters: - XOi is positioning itself as the asset-intelligence layer for field service, a shift the company says is becoming more important as workflow software converges. - New leadership and fresh financing give XOi more room to scale as demand grows across the trades. - The company’s expansion reflects a broader move in field service toward data- and AI-driven decisions at the jobsite and across asset lifecycles.

What happened: - XOi named Jason Ring chief revenue officer as the company enters its next phase of growth. - XOi also secured debt financing from J.P. Morgan to support expansion and investment in its technology stack. - The announcement comes after XOi opened a new 6,000-square-foot headquarters in Nashville’s Gulch. - The company had already received a $230 million investment last year from funds managed by KKR.

The details: - XOi describes its platform as a data intelligence solution that powers decisions across assets in the field service industry. - Ring grew up on jobsites in a family of contractors, giving him direct experience with the skilled trades. - Ring previously held leadership roles at ServiceTitan, Khoros and TravelNet Solutions, now Track. - At ServiceTitan, Ring helped scale growth in a category increasingly shaped by AI. - At Khoros and TravelNet Solutions, Ring led expansion across AI-driven and data-centric solutions. - XOi said Ring will focus on accelerating adoption as the industry moves from workflow-centric systems toward asset-centric intelligence powered by data and AI. - Ring’s role will center on helping customers use jobsite data to make decisions that affect asset performance over time. - The new headquarters was designed to support customer collaboration and hands-on engagement with the assets XOi helps manage. - J.P. Morgan said it is supporting XOi’s continued growth and success. - J.P. Morgan said XOi has shown it can innovate and scale in a dynamic sector.

Between the lines: - XOi is trying to define a new category around asset intelligence, rather than compete only on workflow tools. - The company is pairing capital with executive talent, a sign it expects the market opportunity to widen as customers seek more actionable data. - The combination of financing, headquarters expansion and a revenue leader with trades experience suggests XOi wants both credibility in the field and more aggressive commercial scale.

What’s next: - XOi will likely use the new financing and expanded leadership bench to accelerate adoption and broaden its market reach. - The company is expected to keep investing in data and AI tools that connect jobsite information to asset performance decisions. - XOi’s next phase appears centered on becoming infrastructure that other field service systems depend on.