Novarc Technologies Raises $50M

VANCOUVER, British Columbia, March 17, 2025 — Novarc Technologies Inc., a full-stack AI robotics company specializing in the design and manufacturing of automated welding solutions, has raised $50 million in a series B funding round. The company plans to use the funds to advance the company’s R&D efforts and development of AI-driven solutions.

Novarc’s AI-powered intelligent adaptive welding system NovAI utilizes machine vision, leveraging deep neural networks for perception and real-time adjustments. The technology removes the need for prescanning and robotic reprogramming. The company plans to make NovAI Autonomy commercially available this summer.

The round was led by Export Development Canada, Canada’s export credit agency, with participation from private investment firm Graham Partners, Seaspan, and InBC Investment Corp.

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Published: March 2025

Glossary

machine vision: Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
artificial intelligence: The ability of a machine to perform certain complex functions normally associated with human intelligence, such as judgment, pattern recognition, understanding, learning, planning, and problem solving.