Novarc Technologies - About the company
Novarc Technologies is a series B company based in Burnaby (Canada), founded in 2013 by Soroush Karimzadeh and Reza Abdollahi. It operates as a Provider of a collaborative welding robot system. Novarc Technologies has raised $53.1M in funding from investors like BDC, Export Development Canada and Drake Star. The company has 644 active competitors, including 91 funded and 82 that have exited. Its top competitors include companies like Agile Robots, Standard Bots and Mujin.
Company Details
Provider of a collaborative welding robot system. It can be used for high-mix low-volume production operations. The robot has a 15ft reach and can weld a spool of up to 30ft in length. The welding machine has a 3-axis servo-drive robot arm at its end. The robot has been designed to work in a collaborative fashion and does not require fencing or light curtains. The machine automatically controls the torch-to-pipe distance by using a laser camera and closed-loop control systems.
- Website
- www.novarctech.com/
- Social
- Email ID
- *****@novarctech.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2013
Location
Burnaby, Canada
Stage
Series B
Total Funding
$53.1M in 6 rounds
Latest Funding Round
Ranked
18th among 644 active competitors
Employee Count
155 as on Jun 30, 2026
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Novarc Technologies's funding and investors
Novarc Technologies has raised a total funding of $53.1M over 6 rounds. Its first funding round was on Mar 31, 2017. Its latest funding round was a Series B round on Mar 11, 2025 for $*****. 4 investors participated in its latest round. Novarc Technologies has 11 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Novarc Technologies:
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Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 11, 2025 | 9787991 | Series B | 9610785 | 7685924 | 2798766 | 8267589 |
Aug 14, 2023 | 5801546 | Series A | 5620766 | 6296361 | 4304817 | |
Jun 26, 2023 | 6325817 | Grant (prize money) | 9003760 | 2396965 | 5547808 | 5568333 |
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Novarc Technologies' founders and board of directors
Founder? Claim ProfileThe founders of Novarc Technologies are Soroush Karimzadeh and Reza Abdollahi.
Here are the details of Novarc Technologies' key team members:
- Soroush Karimzadeh: Co-Founder & CEO of Novarc Technologies. Contact Info: 1 email address
- Reza Abdollahi: Co-Founder & CTO of Novarc Technologies. Contact Info: 1 email address
View details of Novarc Technologies's Founder profiles and Board Members
Novarc Technologies' employee count trend
Novarc Technologies has 155 employees as of Jun 26. Here is Novarc Technologies's employee count trend over the years:
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Novarc Technologies's Competitors and alternates
Top competitors of Novarc Technologies include Agile Robots, Standard Bots and Mujin. Here is the list of Top 10 competitors of Novarc Technologies, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Agile Robots 2018, Munich (Germany), Series C | Manufacturer of intelligent robotic systems and automated industrial hardware components | $250M | 70/100 | |
2nd | Standard Bots 2011, New York City (United States), Series C | AI-powered robotics company automating real-world applications with advanced hardware and software | $263M | 64/100 | |
3rd | Provider of intelligent automation solutions for industrial robots | $243M | 64/100 | ||
4th |  Orangewood Labs 2016, San Francisco (United States), Series A | Manufacturer of AI-powered robotic arms for industrial automation | $4.65M | 63/100 | |
5th | Manufacturer of automation and robotic systems | - | 62/100 | ||
6th | RoboForce 2023, Milpitas (United States), Series B | Developer of AI-powered robotic labor systems for various outdoor and industrial applications | $67M | 61/100 | |
7th | Manufacturer of robotic systems, production machines, and integrated production systems | - | 61/100 | ||
8th | Doosan Robotics 2015, Suwon-si (South Korea), Public | Manufacturer of AI-powered collaborative and industrial robotic solutions | $33.7M | 61/100 | |
9th |  Launchpad 2020, Pasadena (United States), Series A | AI-based software for analyzing and providing quotations from CAD files | $14.9M | 61/100 | |
10th | Developer of modular industrial robot solutions | $60M | 61/100 | ||
18th | Novarc Technologies 2013, Burnaby (Canada), Series B | Provider of a collaborative welding robot system | $53.1M | 58/100 |
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Novarc Technologies's Investments and acquisitions
Novarc Technologies has made no investments or acquisitions yet.
Reports related to Novarc Technologies
Here is the latest report on Novarc Technologies's sector:
News related to Novarc Technologies
Filter this listMedia has covered Novarc Technologies for a total of 6 events in the last 1 year, 3 of them have been about company updates and 2 about partnerships.
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Novarc Technologies Appoints Donato Montanari as Chief Technology OfficerBusiness Wire•Jan 22, 2026•Novarc Technologies
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Welding robot combines TIG and MIG welding into one autonomous systemCanadian Metalworking•Nov 18, 2025•Novarc Technologies
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Novarc Launches NovAI™ to Transform Welding AutomationRoboticstomorrow•May 12, 2025•Novarc Technologies
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China Continues to Invest in RoboticsinVISION News•Mar 31, 2025•Novarc Technologies, Boulder Wellcare
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Novarc Raises $50 Million Series B to Expand its AI-Powered Machine Vision NovAI™ for Automated Welding SolutionsGlobeNewswire•Mar 11, 2025•Novarc Technologies, Export Development Canada, Graham Partners, Seaspan and 2 others
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Miller Electric, Novarc Technologies announce partnershipCanadian Metalworking•Feb 27, 2025•Novarc Technologies, Miller
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