The Canadian AI Index

Companies / Novarc Technologies

Novarc Technologies

AI vision system (NovAI) for autonomous and collaborative welding robots.

novarctech.com
Founded
2013
HQ
Vancouver, BC
Category
Robotics/Physical AI
Status
Active
Disclosed raised
C$101.1M

Funding history

RoundDateAmountInvestors
Series BMar 12, 2025 US$50MExport 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 ASep 1, 2023 US$20MGraham 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. Primary not found: BetaKit only
GrantJun 16, 2023 C$2.1MPacifiCan (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

Also backed by

Investors listed on their own portfolio pages or in reported coverage. Round details are not tracked in the Index.

BDC Seed Venture Fund Legacy Investments

Sources

Data as of September 26, 2026. Suggest a correction