Novarc Technologies Inc. (“Novarc”), a full-stack AI robotics company specializing in the design and manufacturing of automated welding solutions, announced today the company has raised $50 million in a Series B funding round led by Export Development Canada (EDC), Canada’s export credit agency, with participation from private investment firm Graham Partners, Seaspan (one of Canada’s leading shipbuilders), and BC-based strategic investment fund, InBC Investment Corp (InBC).
Novarc’s AI-powered intelligent adaptive welding system NovAI ™ enables robots to see and adapt like an expert welder. By using machine vision, deep neural nets for perception and real-time adjustments, NovAI eliminates the need for prescanning and robotic reprogramming, ensuring consistent, high-quality welds in any condition. NovAI Autonomy will be commercially available in Summer 2025.
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