What Novarc Technologies does
Novarc builds the Spool Welding Robot (SWR), a cobot for pipe and roll welding, and NovAI, an AI-powered vision system the company says automates welding tasks that couldn't be automated before while increasing productivity up to 12x with consistent X-ray-quality welds. It sells into 11 industrial sectors including oil and gas, shipbuilding, aerospace, data-center construction, and nuclear. Caterpillar's venture arm and Export Development Canada are among its backers. Novarc was founded in 2014 and is based in Vancouver.
Novarc Technologies is an automation tool on Falcoscan. AI-powered automated welding robots for pipe and vessel manufacturing. Falcoscan rates Novarc Technologies with an Opportunity score of 76/100, a Saturation score of 23/100, and a Wrapper-risk score of 15/100. Market signal: rising. Novarc Technologies is founded in 2014, currently at Series_b stage. Pricing: Paid.