North Vancouver’s Novarc Technologies has secured a successful Series A funding round with Caterpillar Venture Capital, a subsidiary of construction equipment giant Caterpillar.
Novarc, a robotics company, specializes in designing robots and AI systems for welding applications. Their Spool Welding Robot (SWR) is a global first in pipe welding, offering automation to traditional industries.
With backing from Caterpillar, along with Graham Partners and Export Development Canada, Novarc advances its vision for an AI-powered robotics platform.
These funds propel Novarc’s innovative robotic solutions, reshaping manufacturing precision and efficiency.
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