Novarc

Market context

Novarc builds autonomous pipe-welding robots and AI-powered welding automation systems for fabrication and industrial manufacturing. Its SWR and NovAI products combine cobot welding hardware, computer vision and adaptive welding intelligence.

Products

• Spool Welding Robot - SWR

Facts

• Website: https://www.novarctech.com/
• HQ: Burnaby, British Columbia, Canada
• Founded: 2013
• Segment: industrial robotics
• Known funding rounds: 2

Funding

• 2025-03-19 - Strategic investment - $5M - Seaspan invests USD 5M in Novarc welding robotics - source: canadiandefencereview.com
• 2025-03-11 - Series B - $50M - Novarc raises USD 50M Series B for AI-powered welding automation - source: novarctech.com

Investors

• Seaspan Shipyards - Participant - Angel / Individual - 1 funding event - first seen 2025-03-19
• Export Development Canada - Lead - Unknown - 1 funding event - first seen 2025-03-11

Events

• 2026-06-15 - Partnership - Novarc and Yaskawa America sign MoU for AI-powered autonomous welding - Novarc and Yaskawa America signed an MoU for AI-powered autonomous welding. The agreement links Novarc welding intelligence software with Yaskawa industrial robot systems. The collaboration targets automated welding workflows for fabrication and industrial pr…
• 2025-11-19 - Market Signal - Novarc ranks on Deloitte Technology Fast 500 - Novarc ranked No. 381 on the 2025 Deloitte Technology Fast 500. The ranking reflected revenue growth from its AI robotics and automated welding business. The milestone added a public traction signal for Novarc's industrial automation market position.
• 2025-03-19 - Funding - Seaspan invests USD 5M in Novarc welding robotics - Seaspan invested USD 5 million in Novarc welding robotics. The investment supported development and commercialization of AI-driven robotic welding systems. The funding connected Novarc welding automation to shipbuilding and industrial manufacturing workflows.
• 2025-03-11 - Funding - Novarc raises USD 50M Series B for AI-powered welding automation - Novarc raised a USD 50 million Series B for AI-powered welding automation. The funding supported commercialization of NovAI, its machine-vision system for automated welding. Novarc applies the software across cobot and articulated-robot welding workflows.

Team

• Soroush Karimzadeh - CEO & Co-Founder - Leads Novarc as it commercializes the SWR pipe-welding robot and NovAI adaptive welding software stack.
• Donato Montanari - CTO - Relevant to Novarc’s robotics and AI welding roadmap, including the SWR platform and NovAI adaptive welding products.
• Ahmad Ashoori - Director of Robotics - Directly tied to Novarc’s robotic welding hardware and automation execution.

Relationships

• Yaskawa Electric Corporation - AI Welding Mou - Novarc and Yaskawa America signed an MoU to bring Novarc welding intelligence onto Yaskawa robotic systems.

Context tags

• Robotic welding automation - Peer Group - Novarc develops robotic welding automation and adaptive welding intelligence.
• Robotic welding - Workflow - Yaskawa MoU centers on applying Novarc AI to welding robot systems.
• Industrial welding - Workflow - Robotic and AI-powered welding automation.
• Industrial welding robot OEM - Stack Layer - Profile belongs in industrial welding automation systems.