The verified answer
As of Oct 2026, DEPLOY verifies Novarc Technologies: 2 models, 4 deployments across 3 regions, $65.0M raised. 1 source back the record.
Appears inManufacturing robots
Overview
Novarc Technologies is a Vancouver-based full-stack AI robotics company specializing in automated welding solutions. Its flagship Spool Welding Robot (SWR) is the world's first collaborative robot designed for pipe welding, and its NovAI platform brings machine vision and real-time adaptive welding to industrial fabrication. Novarc has deployed SWR systems at shipyards and pipe fabrication facilities across North America.
Verified record
- Verified deployments
- 4 deployments on file
- Active incidents
- None on file
Valuation of record
DEPLOY VERIFIEDPriced roundSeries B post-money
Key facts
Focus
Robot
Technology
Scale
Revenue
Recognition
Data & sources
Web sources
1
1 source backing this record.View all →
Models (2)
View all models →Previous platform
Spool Welding Robot (SWR)
The Spool Welding Robot (SWR) is a collaborative welding robot designed for pipe and roll welding applications. It works alongside human operators to increase productivity and weld quality, with the ability to recover capital investment within 6-18 months.
Current platform
Spool Welding Robot (SWR)
Novarc's Spool Welding Robot (SWR) is the first cobot of its kind for pipe and spool welding; with AI-assisted seam tracking it raises welding productivity 3-5x for carbon steel and up to 12x for stainless, and an SWR-TIPTIG variant delivers high-quality TIG welds 2-3x faster than manual.
Partnerships
Every company Novarc Technologies has built with, alongside the ones only announced in a press release.
Most-frequent partners
- 1Seaspan1× joint
Most recent
- Novarc x Seaspan2017-01-01with Seaspanoperating
Novarc Technologies on the deployment map
View the global map4 verified deployments across 3 regions, newest verified Jan 2025. Explore where Novarc Technologies's robots are operating, by place and type.
- operationalSpool Welding Robot (SWR) at Mobile, Alabama, USA (G.A. West & Co.) →Southeast · verified Jan 2025
- operationalSpool Welding Robot (SWR) at Mobile, Alabama, USA →Southeast · verified Jan 2024
- operationalSpool Welding Robot (SWR) at Victoria, British Columbia, Canada →North America · verified Jan 2023
- operationalSpool Welding Robot (SWR) at Vancouver →British Columbia, Canada · verified Jan 2017
View the full Novarc Technologies deployment record →
Relationships
Current leadership (1)
- Soroush Karimzadeh Co-Founder & CEOsecondary-verified
Founders (1)
- Soroush Karimzadehcofounder
Safety record
No incidents on record for Novarc Technologies.
Only active incidents are counted. Retracted incidents are excluded from this summary but remain reachable at their canonical URLs.
Full safety record: incidents, sourcing, and exposure data →
Operator customers (1)
- Novarc Technologies4 deployments
Recent coverage
Novarc Technologies in third-party press
Peers
21 peers across 1 segment. Every Novarc Technologies competitor derived from shared form-factor and application-domain edges.
cobot(21)
19 companies in this segment · moderately_concentrated (HHI 2089.586283779087) · leader Doosan Robotics at 2849%
- AUBO Roboticsdirect competitor(inferred)strong
- Agile Robotsdirect competitor(inferred)strong
- DENSO Roboticsdirect competitor(inferred)strong
- Dobotdirect competitor(inferred)strong
- Doosan Roboticsdirect competitor(inferred)strong
- ELITE Roboticsdirect competitor(inferred)strong
Financial state
- Total funding
- $65.0M
- Reporting basis
- private_reported
- Lifecycle stage
- early
- Counterparty risk class
- moderate
Each numeric field carries its own basis marker. Aggregators report a number; this surface preserves the source class so verification depth travels with the value.
Partnerships
1 total · 1 operating
Every company Novarc Technologies has built with, alongside the ones only announced in a press release.
Most recent
- Novarc x Seaspan2017-01-01with Seaspanoperating
Most-frequent partners
- 1Seaspan1× joint
Funding rounds (2)
Novarc Technologies’s 2 disclosed rounds, $65M in total, oldest to newest.
- Series B2025-03-11
$50M(reported) · $400M post
Investors: Export Development Canada (EDC), Graham Partners, Seaspan, InBC Investment Corp.
- Series A2022-09-27
$15M(reported) · $90M post
Investors: Graham Partners Growth
Timeline
Every recorded move in Novarc Technologies’s history, most recent first: funding rounds, partnerships, acquisitions, supply-chain starts, key hires, and press.
Funding roundSeries B funding round
2025-03-11Series B raising $50000000
Funding roundSeries A funding round
2022-09-27Series A raising $15000000
PartnershipNovarc x Seaspan
2017-01-01Seaspan Shipyards is a strategic partner and investor in Novarc, having installed Novarc's Spool Welding Robot at its Vancouver Drydock and Victoria Shipyards facilities as part of Canada's National Shipbuilding Strategy.
Recent activity
Every change to this record is dated, sourced, and independently verified where marked.
- Record createdJun 24, 2026
Added to the verified registry
- Deployment verifiedVerifiedJan 1, 2025
Spool Welding Robot (SWR) at Mobile, Alabama, USA (G.A. West & Co.)
- Deployment verifiedVerifiedJan 1, 2024
Spool Welding Robot (SWR) at Mobile, Alabama, USA
- Deployment verifiedVerifiedJan 1, 2023
Spool Welding Robot (SWR) at Victoria, British Columbia, Canada
- Deployment verifiedVerifiedJan 1, 2017
Spool Welding Robot (SWR) at Vancouver
Sources (1)
Common questions
What is Novarc Technologies?
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Where is Novarc Technologies headquartered?
How much funding has Novarc Technologies raised?
Where does Novarc Technologies operate robots?
How many robots has Novarc Technologies deployed?
Is Novarc Technologies a top robotics company?
When was Novarc Technologies founded?
Is Novarc Technologies safe?
Methodology: Verified · 1 source (no primary) · last reviewed 2026-08-21
Verification posture
Verified
Low confidence
Review state
Stable
Last reviewed 2026-08-21
Sources by quality tier
- 1
- unclassified
- Unclassified source
The framework is documented at /methodology. Corrections at /corrections. Reviewer: DEPLOY editorial team.
Methodology surface for Novarc Technologies.Peer companies
- Roborock20 models
- Unitree Robotics10 models
- DJI7 models
- DLR Institute of Robotics and Mechatronics6 models
- Dobot6 models
- Gobio Robot6 models
In the press
Recent coverage mentioning Novarc Technologies from third-party publications. Automatically surfaced; not part of the verified registry record.
Novarc Raises 0 Million Series B to Expand Its AI-Powered Machine Vision NovAI for Automated Welding Solutions
Novarc raised 0M in Series B funding led by Export Development Canada to accelerate development of its NovAI machine vision platform for adaptive welding.
Novarc Listed Among FT's Fastest-Growing Companies 2024
Novarc Technologies was recognized by the Financial Times as one of the Americas' fastest-growing companies for innovation in welding automation.
Seaspan's Victoria Shipyard Installs Novarc's Spool Welding Robot
Seaspan's Victoria Shipyard installed Novarc's Spool Welding Robot to enhance welding productivity and precision in shipbuilding operations.
Novarc Secures Series A Funding from Graham Partners Growth
Novarc received Series A investment from Graham Partners Growth to expand its robot and AI product line and accelerate global expansion.
Machine-readable surfaces
- Markdown mirror: /companies/novarc-technologies.md
- RSS feed: /companies/novarc-technologies/feed.xml
- JSON-LD: embedded in this page’s head
- REST API: /v1/companies/860dfe3c-d051-4551-9712-fa7834d11753
- Revision history: /companies/novarc-technologies/history
- Data documentation: /data
- Query this programmatically: Deploy MCP
Peer companies
- Roborock20 models
- Unitree Robotics10 models
- DJI7 models
- DLR Institute of Robotics and Mechatronics6 models
- Dobot6 models
- Gobio Robot6 models
Video
Learn how Novarc Technologies is redefining welding productivity with cutting-edge robotic solutions Novarc Technologies is revolutionizing the welding industr
Watch us weld two joints, a 6 and 8 inch standard wall (sched. 40) carbon steel. We are completing these welds in record time with the Spool Welding Robot.
#welddotcom Check out the Novarc SWR Welding Co-Bot Head over to our Website and become a free member: http://www.weld.com You can join our groups and forums,
The Novarc Welding Robot is up and running in the ColonialWebb manufacturing facility! The robot gives us the capacity to produce over three times the amount of
It takes less that 2 minutes to set up the Spool Welding Robot. Simply move the arm to the pipe, select the Welding Procedure Data Sheet, review the Data Sheet,
Industry First: Zero Operator Intervention, X-Ray Quality Welds. Just set up the Spool Welding Robot (SWR), hit start, and move to set up another weld.
Novarc Technologies at FABTECH 2019 in Chicago. Music by: bensound.com
Subscribe to receive more investment opportunities and stock market news videos: https://share.hsforms.com/1SfI551UgTlOM_12GMs9vRAd2c0v Check out more videos:
Automate Welding Programs Directly from CAD NovPlan™, powered by Verbotics, automatically generates weld paths and robot programs directly from your CAD models
Heat Index
Category contender77/100
A composite of competitive footprint, funding, press velocity, active partnerships, and supply-chain edges. Different from the Intelligence score below (which is per-form-factor productization). Non-robotics companies cap at 25.
Reality vs attention
Novarc Technologies draws attention at the 68th percentile but verifies reality at the 82nd percentile among other robots. Hype Gap -13.7, 174th widest among other robots.
6-month trend
Analysis
Clean safety record across 4 verified deployments. Limited public visibility and press coverage relative to peers.
Signal flags
Dimension breakdown
Verified signal
Attention (reach, not merit)
DEPLOY Intelligence scores are computed from verified registry data: confirmed deployments, disclosed funding rounds, regulatory filings, active job listings, video viewership, and press coverage. Confidence ratings reflect data availability. Scores update nightly.
DEPLOY Indices — verified vs claimed
Last computed: Oct 3, 2026