Novarc Technologies Completes Series A Fundraising Round With Caterpillar Venture Capital
Round Type
Series A
BurnabyRoboticsInvestors
Description
Novarc Technologies Inc., a leading provider of advanced robotics solutions, announced today the company has successfully completed a Series A fundraising round with Caterpillar Venture Capital Inc., a wholly-owned subsidiary of Caterpillar Inc. ((NYSE: CAT), a global leader in the manufacturing of construction and mining equipment). Caterpillar joins Graham Partners, Export Development Canada (EDC) and other syndicate investors, and provides strategic support to Novarc's vision to accelerate the development of a ground-breaking AI-powered robotics platform.
Quick answer
Novarc Technologies raised an undisclosed amount in a Series A round, dated August 14, 2023. Investors: Export Development Canada, Graham Partners, Caterpillar and Caterpillar Venture Capital Inc. 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.
- Who invested in Novarc Technologies?
- Export Development Canada, Graham Partners, Caterpillar and Caterpillar Venture Capital Inc. are named as investors in this round.
- 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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What this usually meansNovarc Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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