About Novarc Technologies
Novarc Technologies is a company based in North Vancouver (Canada) founded in 2013 by Reza Abdollahi. Novarc Technologies has raised $53.07 million across 6 funding rounds from investors including Caterpillar, Seaspan and BDC. Novarc Technologies offers products and services including SWRâ„¢, SWR-TIPTIG, and NovAIâ„¢. Novarc Technologies operates in a competitive market with competitors including RightHand Robotics, Agile Robots, Gecko Robotics, Bright Machines and Vicarious, among others.
- Total Equity Funding$53.07M (USD)
in 6 rounds
- Latest Funding Round$50M (USD), Series B
Mar 2025
- InvestorsCaterpillar
& 6 more
Products & Services of Novarc Technologies
Novarc Technologies offers a comprehensive portfolio of products and services, including SWR™, SWR-TIPTIG, and NovAI™.
Autonomous cobot for pipe welding to boost productivity and quality.
Cobot for TIG welding in pipe and vessel applications.
AI-powered tool for enhancing robotic welding automation.
Apps and channels of Novarc Technologies
its YouTube channel Novarc Technologies Inc. has 773 subscribers and 30 videos.
Videos from Novarc Technologies
The most watched videos on Novarc Technologies's YouTube channel, Novarc Technologies Inc. (773 subscribers). Click a video to play it here.
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Funding Insights of Novarc Technologies
Novarc Technologies has successfully raised a total of $53.07M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $53.07M
- Total Rounds 6
- Last Round Series B — $50M
- First Round $1M
(Mar 2017)
- Investors Count 7
All 6 funding rounds of Novarc Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2025 | $50M | Series B | – | Export Development Canada | |
| Aug 2023 | – | Series A | – | – | |
| Jun 2023 | $2.07M | Grant | – | – | – |
| Sep 2022 | – | Series A | – | Graham Partners, Drake Star | – |
| Feb 2021 | $2.07M | Seed | – | BDC | – |
| Mar 2017 | $1M | Seed | – | Seaspan |
7 investors in total: 7 institutional.
Investors in Novarc Technologies
Novarc Technologies has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Caterpillar, Seaspan and BDC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Graham Partners is engaged in private investments targeting advanced manufacturing. | – | grahampartners.net | Newtown Square, United States | |
InBC Investment Corp. is focused on impact-driven investments in British Columbia. | – | inbcinvestment.com | Canada | |
SME loans are provided to support business exports. | 1944 | edc.ca | Ottawa, Canada | |
Provider of ship building and repair services | 1886 | seaspan.com | North Vancouver, Canada | |
Construction and mining equipment, engines, and locomotives are manufactured. | 1925 | caterpillar.com | United States | |
Global investment banking services are offered in technology sectors. | 2004 | drakestar.com | New York, United States | |
Commercial banking services for small and medium-sized enterprises are provided. | 1944 | bdc.ca | Montreal, Canada |
Investor details for Novarc Technologies
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People of Novarc Technologies
16 people are tracked at Novarc Technologies (13 in leadership, 1 in board & advisors, 2 in team).
| Name | Role | Group |
|---|---|---|
Reza Abdollahi | Co-Founder & CTO | Leadership |
Sina Firouz | CTO | Leadership |
Ahmad Ashoori | Director of Robotics | Leadership |
Soroush Karimzadeh | CEO & Co-Founder | Leadership |
Haley Grewal | CFO | Leadership |
Mahyar Asadi | VP, Innovation | Leadership |
Ringo Gonzalez | Director of Welding Innovations | Leadership |
Jean-Michel Logan | VP, Customer Success | Leadership |
Nathan Doudera | Director Of Intellectual Property | Leadership |
Autumn Dhaliwal | Vice President Human Resources | Leadership |
Joel Armstrong | Director Of Product Management | Leadership |
Melissa Bayanzadeh | Vice President Marketing | Leadership |
Richard Cheung | CFO | Leadership |
Len Zapalowski | Vice President | Board & advisors |
Arash Nejad | CRO | Team |
Ben Young | General Counsel | Team |
Complete people profiles for Novarc Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Novarc Technologies
3 dated milestones of Novarc Technologies across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Novarc Technologies is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series B, of $50.0M.
Competitors of Novarc Technologies
Novarc Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RightHand Robotics, Agile Robots, Gecko Robotics, Bright Machines and Vicarious, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| righthandrobotics.com | 2014 | Cambridge, United States | $125.32M | 57 | AI-enabled robotic grippers for object picking are provided. | |
| agile-robots.com | 2018 | Munich, Germany | $250M | 116 | Deep learning-based vision for autonomous robot perception is provided. | |
| geckorobotics.com | 2013 | Pittsburgh, United States | $354.25M | 223 | Wall-climbing robots are developed for boiler inspections at power plants. | |
| brightmachines.com | 2018 | San Francisco, United States | $385M | – | Full-stack automation solutions for electronics manufacturing are provided. | |
| vicarious.com | 2010 | San Francisco, United States | $123.02M | 175 | AI-based robotic arms are developed for industrial automation tasks. | |
| mujin.co.jp | 2011 | Chuo, Japan | $109.62M | – | Intelligent automation solutions for industrial robots are developed and provided. | |
| rethinkrobotics.com | 2008 | Boston, United States | $149.52M | 51 | Collaborative robots are developed for manufacturing to boost efficiency. | |
| osaro.com | 2014 | San Francisco, United States | $86.75M | 58 | Provider of pick and place robotic solutions | |
| co.bot | 2022 | Santa Clara, United States | $140M | – | Intelligent robots are developed for collaboration with humans in workplaces. | |
| yaskawa-global.com | 1915 | Germany | – | – | Motion control, robotics, and system engineering solutions are provided globally. |
Detailed competitors of Novarc Technologies
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Novarc Technologies
The website of Novarc Technologies (novarctech.com) receives about 19.8K visits a month.
- Monthly visits19.8K
▲ 34% vs previous month
Websites whose visitors overlap most with Novarc Technologies. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
workatthestudio.com | workatthestudio.com | 100% | – | #6,456,264 | – |
Latest news on Novarc Technologies
Complete news archive for Novarc Technologies
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Brand-specific news history
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Similar companies to Novarc Technologies
10 companies that operate in the same segment as Novarc Technologies (Manufacturing Tech Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based ERP software is offered for multiple industries. | 2002 | New York, New York, United States | USD 1.52 B | – | – | |
Platform for on-demand distributed manufacturing and prototyping is provided. | 2013 | Gaithersburg, Maryland, United States | USD 203.44 M | USD 686.63 M | 1,090 | |
Hexagon is recognized for delivering advanced measurement and automation technologies. | 1980 | Stockholm, Sweden | – | USD 6.52 B | – | |
AI-based robotic arms are developed for industrial automation tasks. | 2010 | San Francisco, California, United States | USD 123.02 M | – | – | |
Cloud-based 3D CAD system is accessed via web browsers. | 2012 | Cambridge, Massachusetts, United States | USD 348.69 M | USD 695.52 K | – | |
AI-powered data science platform enables model deployment and analytics insights. | 1985 | Troy, United States | USD 35.05 M | – | – | |
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Manufacturing solutions are provided for industrial and consumer sectors. | 2018 | Bengaluru, Karnataka, India | USD 857.1 M | USD 1.71 B | 1,248 | |
Equipment rental marketplace and digital tools for construction are offered. | 2014 | Columbia, United States | USD 806.48 M | USD 4.38 B | – | |
Modular hardware and software platform for industrial automation is provided. | 2016 | Montreal, Quebec, Canada | USD 263.41 M | – | – |
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Frequently Asked Questions about Novarc Technologies
Novarc Technologies was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Novarc Technologies is headquartered in North Vancouver, Canada. It is registered at North Vancouver, British Columbia, Canada.
Novarc Technologies is a funded company, having raised a total of $53.07M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Mar 2017.
Provider of a collaborative welding robot system. It can be used for high-mix low-volume production operations. The robot has a 15ft reach and can weld a spool of up to 30ft in length. The welding machine has a 3-axis servo-drive robot arm at its end. The robot has been designed to work in a collaborative fashion and does not require fencing or light curtains. The machine automatically controls the torch-to-pipe distance by using a laser camera and closed-loop control systems.
Novarc Technologies's top competitors include Vicarious, Yaskawa and Gecko Robotics.
Novarc Technologies offers SWRâ„¢, SWR-TIPTIG, and NovAIâ„¢.
Novarc Technologies has 7 investors. Key investors include Caterpillar, Seaspan, BDC, Export Development Canada, and Drake Star.