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Novarc Technologies

Novarc Secures $50M to Advance AI-Driven Welding Tech

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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.

Want to know more? Check out the source code on Techcouver.

New AI-Driven Welding Robots to Boost Industrial Automation

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Novarc Technologies has partnered with Miller Electric Mfg. LLC to develop AI-powered welding automation, enhancing efficiency in industries like shipbuilding, construction, and heavy equipment manufacturing. The collaboration integrates Novarc’s AI automation with Miller’s Copilot™ welding line, providing real-time adaptive welding solutions to tackle labor shortages and part variability challenges.

Novarc CEO Soroush Karimzadeh calls the partnership a milestone in robotic welding, while Miller’s Nate Leiteritz emphasizes its affordability and flexibility. As AI transforms industrial automation, this venture positions Novarc as a global leader in welding innovation.

Want to know more? Check out the source code on Techcouver.

Caterpillar Ventures into Robotics: Invests in Novarc Technologies

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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.

Want to know more? Check out the source code on Techcouver.