Novarc Technologies Inc.

Novarc Technologies Inc.

Private
Burnaby, British ColumbiaFrontier & Industrial Techhttps://www.novarctech.com

Last Round

Series B

Mar 11, 2025

Total Funding Raised

$72.78M

Company Overview

Novarc Technologies Inc. is a robotics company specializing in the design and manufacturing of cobots and AI-based machine vision solutions for autonomous welding.

Sector

Frontier & Industrial Tech

Verticals

Industrial Robotics, Smart Manufacturing, Computer Vision, Construction Tech

Business Model

B2B

Customer Profile

Hardware Sales, Hardware + Subscription, Services & Consulting, Government Contracts

AI Layer

Application

Keywords

autonomous weldingrobotic weldingcollaborative robotscobotspipe weldingSpool Welding RobotSWRwelding automationAI machine visionindustrial roboticssmart manufacturingcomputer visionTIG weldingshipbuilding roboticsGMAW weldingconstruction techoil and gas robotics

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Novarc Technologies Inc. Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Novarc Technologies Inc. Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series BMar 11, 2025
Series AJul 1, 2023
DebtFeb 25, 2021
SeedMar 31, 2017

Key People

Founding team and executive leadership

Soroush Karimzadeh

Co-Founder CEO

Founding Team

Mahyar Asadi

Deputy Chief Technology Officer

Executive Team

Reza Abdollahi

Emeritus CTO

Executive Team

Richard Cheung

CFO

Executive Team

Novarc Technologies Inc. Investors

Notable investors and investment history

Market signals

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  • Mar 1, 2026

    Introduced the world's first Spool Welding Robot for pipe welding.

  • Mar 1, 2026

    Expanded operations across four continents.

Novarc Technologies Inc. Filings

SEC and related filings with document metadata.

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Novarc Technologies Inc. Filings

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Firmographic Details

HeadquartersBurnaby, British Columbia
Employee Range146
Year Founded2013
Last FundingMar 11, 2025

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