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.