Loading organizations...
§ Private Profile · North Vancouver, BC, Canada
Novarc Technologies is a technology company.
Novarc Technologies is a full-stack robotics company specializing in the design and manufacturing of cobots and AI-based machine vision solutions for autonomous welding. Their Spool Welding Robot (SWR) is the world’s first of its kind in pipe welding applications.
Novarc Technologies has raised $70.0M across 2 funding rounds.
Novarc Technologies has raised $70.0M in total across 2 funding rounds.
Novarc Technologies has raised $70.0M in total across 2 funding rounds.
Novarc Technologies's investors include Stanley Ventures.
Novarc Technologies has raised $70.0M across 2 funding rounds. Most recently, it raised $50.0M Series B in March 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 30, 2025 | $50M Series B | — | — | Announced |
| Aug 1, 2023 | $20M Series A | — | Stanley Ventures | Announced |
Novarc Technologies is a Vancouver-based full-stack robotics company specializing in the design, manufacturing, and commercialization of collaborative robots (cobots) and AI-based machine vision systems for autonomous welding, particularly pipe welding applications.[1][2][3] Its flagship product, the Spool Welding Robot (SWR™), is the world's first of its kind for pipe welding, enabling high-quality, X-ray-grade welds with minimal operator intervention through innovations like NovEye™ Autonomy (Gen 2), which uses AI, machine learning, and computer vision.[1][2] The company serves industrial sectors facing skilled welder shortages, such as manufacturing, infrastructure, and energy, by automating complex welding tasks to boost productivity and cut costs; it has raised under $5M across two funding rounds and achieved rapid growth, ranking among the Financial Times' fastest-growing companies in the Americas for three years and Deloitte's Technology Fast 500 in 2025.[1][2][4]
Novarc Technologies was founded in 2013 by co-founders Hamid Abdollahi (Chairman) and Soroush Karimzadeh (CEO), who brought expertise in engineering, robotics, and automation to tackle welding challenges.[3][4] The idea emerged from identifying inefficiencies in industrial welding, especially pipe welding, where skilled labor shortages and precision demands hindered productivity; this led to the development of the groundbreaking SWR™, the first autonomous pipe welding cobot.[1][2] Early traction came from pioneering AI-driven solutions, with pivotal moments including multiple recognitions as a top-growing company (e.g., Globe & Mail's Canada's Top Growing Companies for four years and FT's Americas list), expansion into markets like Australia and Europe, and recent 2025 launches like SWR TIGMIG™ and fully autonomous TIG welding systems.[2][4]
Novarc rides the wave of industrial automation and AI integration in manufacturing, capitalizing on acute skilled labor shortages (e.g., 400,000 US welders needed by 2024) amid rising infrastructure demand in energy, construction, and heavy industry.[2] Timing is ideal as AI-driven cobots address precision challenges in welding—traditionally manual and error-prone—enabling scalability where human limits fall short; market forces like supply chain pressures and offshoring amplify demand for solutions like SWR™ that boost output without sacrificing quality.[1][2] By pioneering autonomous welding, Novarc influences the ecosystem, setting standards for AI in robotics, fostering partnerships, and expanding globally (e.g., Europe, Australia), while contributing to broader trends in reshoring manufacturing through accessible automation.[2][3][4]
Novarc's momentum—fueled by 2025 product launches like autonomous TIG and TIGMIG systems—positions it for accelerated adoption in high-demand sectors, with international expansion and further AI enhancements (e.g., continuous weld improvement via data) driving next-phase growth.[2][4] Trends like escalating labor shortages, AI-robotics convergence, and infrastructure booms (e.g., energy transition) will shape its trajectory, potentially evolving its influence from welding niche leader to broader industrial automation powerhouse. As a proven growth engine since 2013, Novarc exemplifies how targeted robotics innovation transforms labor-constrained industries, delivering bottom-line impact for customers worldwide.[1][2]