Novarc Technologies Closed Series A Round

Novarc Technologies specializes in designing and manufacturing co bots and AI-based machine learning solutions for autonomous welding

Source: Novarc Technologies

Toal Amount Raised: 5.9M

Participants: Caterpillar Venture Capital, Graham Partners, Export Development Canada (EDC) and others

Company's Purpose for Funding:

Accelerate the development of its AI-powered robotics platform and expand its global reach.

About Novarc Technologies:

Location: Vancouver, Canada

Leadership: Soroush Karimzadeh (CEO)

Product/Service: Specializes in designing and manufacturing co bots and AI-based machine vision solutions for autonomous welding, notably its Spool Welding Robot (SWR) which collaborates with human operators to enhance productivity in pipe welding applications.

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