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 SWR™, SWR-TIPTIG, and NovAI™. Novarc Technologies operates in a competitive market with competitors including RightHand Robotics, Agile Robots, Gecko Robotics, Bright Machines and Vicarious, among others.
- Headquarter North Vancouver, Canada
- Founders Reza Abdollahi
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
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Total Equity Funding
$53.07 M (USD)
in 6 rounds
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Latest Funding Round
$50 M (USD), Series B
Mar 11, 2025
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Investors
Caterpillar
& 6 more
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Employee Count
Not available
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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.
People of Novarc Technologies
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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.
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.
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Graham Partners is engaged in private investments targeting advanced manufacturing.
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InBC Investment Corp. is focused on impact-driven investments in British Columbia.
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SME loans are provided to support business exports.
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Investor details for Novarc Technologies
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Investments & Acquisitions by Novarc Technologies
Investment portfolio details for Novarc Technologies
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Financial Statements - Novarc Technologies
Detailed financials for Novarc Technologies
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Novarc Technologies Comparisons
Peer comparison for Novarc Technologies
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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.
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AI-enabled robotic grippers for object picking are provided.
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Deep learning-based vision for autonomous robot perception is provided.
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Wall-climbing robots are developed for boiler inspections at power plants.
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Full-stack automation solutions for electronics manufacturing are provided.
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AI-based robotic arms are developed for industrial automation tasks.
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Intelligent automation solutions for industrial robots are developed and provided.
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Detailed competitors of Novarc Technologies
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Latest news on Novarc Technologies
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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.
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 SWR™, SWR-TIPTIG, and NovAI™.
Novarc Technologies has 7 investors. Key investors include Caterpillar, Seaspan, BDC, Export Development Canada, and Drake Star.