Companies / Novarc Technologies
Novarc Technologies
Novarc Technologies is a robotics and physical AI company based in Vancouver, British Columbia. It had raised C$101.2M as of November 2026, most recently a US$50M Series B in March 2025 led by Export Development Canada.
AI vision system (NovAI) for autonomous and collaborative welding robots.
novarctech.com- Founded
- 2013
- Category
- Robotics/
Physical AI - Status
- Active
- Disclosed raised
- C$101.2M
Funding history
| Round | Date | Amount | Investors |
|---|---|---|---|
| Series B | Mar 12, 2025 | US$50M | Export Development Canada (lead); Graham Partners, Seaspan, InBC Investment Corp. C$71.6M; includes a US$20M debt component; equity split not disclosed; led by Export Development Canada; Graham Partners, Seaspan and InBC Investment Corp participated; follows a US$20M Series A (2023) with US$4M of debt |
| Series A | Sep 1, 2023 | US$20M | Graham Partners (lead); Caterpillar Venture Capital, Export Development Canada. US$20M primary all-equity Series A closed July 2023 (plus US$4M secondary), announced Sep 1; led by Graham Partners (initial investment Sep 2022) with Caterpillar Venture Capital and Export Development Canada. Precedes the 2025 Series B. |
| Grant | Jun 16, 2023 | C$2.1M | PacifiCan (lead). PacifiCan Business Scale-up and Productivity contribution of C$2,065,000 to market its welding robots internationally, announced Jun 16 2023; expected to support over 50 new jobs |
Founders
- Soroush Karimzadeh, Co-founder/CEO.
Also backed by
Investors listed on their own portfolio pages or in reported coverage. Round details are not tracked in the Index.
In the newsletter
Sources
Data as of November 10, 2026.