North Vancouver-based Novarc Technologies has secured $50 million in Series B funding to advance its AI-driven robotic welding solutions. Export Development Canada (EDC) led the round, with participation from Graham Partners, Seaspan, and InBC Investment Corp. Novarc’s NovAI™ system leverages machine vision, deep neural networks, and real-time adjustments to improve welding automation.
Unlike traditional robotic systems, NovAI eliminates prescanning and reprogramming, streamlining production. CEO Soroush Karimzadeh emphasized investor confidence in Novarc’s mission to revolutionize welding automation. The company plans to launch NovAI Autonomy commercially in Summer 2025.
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