Novarc Technologies, a Vancouver, Canada-based provider of robotics solutions, raised an undisclosed amount in Series A funding.
There round saw participation from Caterpillar Venture Capital, Graham Partners, Export Development Canada (EDC) and other investors.
The company intends to use the funds to accelerate the development of its AI-powered robotics platform, and expand its global reach.
Led by CEO Soroush Karimzadeh, Novarc Technologies is a full-stack robotics company specializing in the design and manufacturing of cobots and AI-based machine vision solutions for autonomous welding. Its Spool Welding Robot (SWR) works in the field of pipe welding applications with the human operator to boost productivity and shop capacity. (Photo: Business Wire)
FinSMEs
14/08/2023