Novarc Technologies
Latest round
- Series B
Last raised
- Mar 2025
Total raised
- $71M
Investors
- 6
About Novarc Technologies
Founded in 2013 and based in North Vancouver, Canada, Novarc Technologies Inc. operates as a provider of robotics systems platform for welding and material handling. The company was founded by its CEO, Soroush Karimzadeh and CTO, Reza Abdollahi. In August 2023, Novarc Technologies Inc. As of 2023, the company has operations in the US, Canada, Germany, UAE, and China, and its team is made up of engineers, software developers, welders, and robotic enthusiasts. Novarc designs and commercializes collaborative robots for industrial applications. The company has two products: a spool welding robot and spool welding robot+hyperfill. The spool welding robot is a welding collaborative robot designed specifically for pipe, small pressure vessels, and other types of roll welding. It is capable of welding flanges, tees, elbows, reducers, and is used by pipe fabrication companies serving the oil & gas, building construction, and shipbuilding industries. Spool welding robot+hyperfill is a highly efficient, fully integrated dual torch system that uses Lincoln Electric’s patent-pending twin-wire GMAW solution, HyperFill, to maximize productivity and profitability for its customers. By using the HyperFill option, fabrication shops can expand the capabilities of their spool welding robot. The system increases heavy fabrication productivity by increasing weld deposition rates while delivering weld quality. The company generated revenue growth of 1235% from 2016 to 2019.
Who invested in Novarc Technologies
6 investors across 4 rounds
See all investors in Novarc Technologies
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Novarc Technologies
Who invested in Novarc Technologies?
Novarc Technologies has 6 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Novarc Technologies raised?
Novarc Technologies has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Novarc Technologies last raise money?
Novarc Technologies's most recent round on record is a Series B, in Mar 2025.
What does Novarc Technologies do?
Founded in 2013 and based in North Vancouver, Canada, Novarc Technologies Inc.
Where is Novarc Technologies headquartered?
Novarc Technologies is headquartered in North Vancouver, Canada.
Which VCs invest in companies like Novarc Technologies?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back industrial machinery companies at Novarc Technologies's stage. Their profiles are linked below.
VCs backing industrial machinery startups at Series B
Raising like Novarc Technologies? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.