Fundz

Novarcs Completes Series A Round With Caterpillar Venture Capital

PRIVATEAug 14, 2023

Round Type

Series A

BurnabyRobotics

Description

Novarc specializes in the design and manufacturing of cobots and artificial intelligence-enabled machine vision solutions for autonomous welding.

Quick answer

Novarc Technologies raised an undisclosed amount in a Series A round, dated August 14, 2023. Novarc Technologies is based in Burnaby, British Columbia, Canada.

How much did Novarc Technologies raise?
Novarc Technologies raised an undisclosed amount in a Series A round on August 14, 2023.
What does Novarc Technologies do?
Novarc Technologies is a full-stack robotics company specializing in the design and manufacturing of cobots and AI systems for robotic welding applications.
Where is Novarc Technologies based and how big is it?
Novarc Technologies is based in Burnaby, British Columbia, Canada. Fundz records about 142 employees.
Who are the decision-makers at Novarc Technologies?
Fundz holds 1 contact at Novarc Technologies, including the Co-Founder & CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Robotics around the same time

Companies in the same sectors as Novarc Technologies that raised within 45 days of this round, from Fundz verified event records.

  • CMR Surgical raised $165M (Funding Round) on September 22, 2023.
  • CMR Surgical raised $165M (Funding Round) on September 21, 2023.
  • Mujin raised an undisclosed amount on September 20, 2023.
  • Nauticus Robotics raised $12M on September 18, 2023.
  • Mujin raised $85M (Series C) on September 5, 2023.
  • Intuition Robotics raised $25M (Funding Round) on August 29, 2023.

Who to call at Novarc Technologies, and when

A new round usually means Novarc Technologies is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Novarc Technologies raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Novarc Technologies, from your own LinkedIn network

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Company Information

Company

Novarc Technologies

Location

4505 Still Creek Ave

Burnaby, British Columbia, Canada

About

Novarc Technologies is a full-stack robotics company specializing in the design and manufacturing of cobots and AI systems for robotic welding applications.

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Related People

1 contact
Verified contactsSoroush K., Co-Founder & CEOSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Novarc Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.