COMPANY PROFILE

Novarc Technologies

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Builds advanced custom robots for niche applications

North Vancouver, CanadaFounded 2013Robotics

Valuation $250–500M Last recorded · 2025

Headcount 100–500 Current team size

Total funding $50–100M Disclosed equity funding

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About Novarc Technologies

Novarc Technologies specializes in developing advanced robotic welding solutions, particularly for the pipe fabrication industry. The company's flagship product, the Pipe Spool Welding Robot (SWR), is designed to significantly boost productivity, enhance weld quality, and improve ergonomics for welders. Novarc's technology combines automated pipe welding with human welding talent, allowing fabricators to modernize their operations, increase capacity, and address high-skill labor shortages. The SWR system offers a rapid return on investment, often achieving payback in less than one year. Novarc operates in a global market, exporting to 38 countries across Europe, Africa, America, Asia, and Australia, in partnership with ABICOR BINZEL. The company's business model focuses on selling its robotic welding systems to fabrication shops and welders, generating revenue through direct sales and long-term service agreements. By leveraging human skill with cutting-edge technology, Novarc aims to redefine the collaborative welding workplace and drive profitability for its clients.

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At a glance

Status: Operational
Founded: 2013
Headquarters: North Vancouver, Canada
Employees: 152
Open positions: 10
Dealroom signal: 82.6/100
Industry: Robotics
Sector: Robotics, Hard Tech, DT and LS, science-based
Technology: Deep Tech
Business model: Manufacturing
Client focus: b2b
Links: Website LinkedIn X

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Funding history

10 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES BOther financing	Mar 2025	$50M	$200M	InBC Investment · Export Development Canada · Graham Partners · Seaspan International	↗
SERIES AOther financing	Aug 2023	$20M	$80M	Export Development Canada · Caterpillar Ventures · Graham Partners	↗

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Growth signals

Novarc Technologies website traffic

Latest recorded traffic for Novarc Technologies is 18K monthly website visits, up 5.9% over the last three months. Novarc Technologies's team grew 9.4% over the past year.

Latest monthly visits18K 3-month web change+5.9% 1-year team growth+9.4%

Monthly website visitsDec 2018–Jul 2026

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Open positions

Openings linked to this company in Dealroom

Intermediate Machine Learning DeveloperNorth Vancouver, Metro Vancouver Regional District, British Columbia, Canada · Data Science & Engineering · Sep 4, 2026 Software Development ManagerBurnaby, British Columbia, Canada · Backend Development · Aug 26, 2026 Project CoordinatorBurnaby, British Columbia, Canada · Project Management · Jun 12, 2026 Senior Controls EngineerBurnaby, Canada, Northern America, Americas · Other · Jun 12, 2026 Field Service Technician NovAIBurnaby, British Columbia, Canada · Other · Feb 24, 2026

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