Novarc raises USD 50M Series B for AI-powered welding automation

Mar 11, 2025 · Funding · Novarc · Industrial

Novarc raised a USD 50 million Series B round led by Export Development Canada.

Novarc company media
Company media · Novarc

Evidence notes

  • 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.

Company context

Novarc develops autonomous pipe-welding robots and AI-powered welding automation systems for industrial fabrication.

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