We’re pleased to announce that Novarc Technologies, a 2016 BCIC-New Ventures Competition finalist, has closed $1M in seed funding! The round is lead by Seaspan ULC, with participation from BDC Capital.

“This is a very exciting time for Novarc Technologies,” said Soroush Karimzadeh, Chief Executive Officer of Novarc. “Seaspan’s support of our pipe welding technology, used as a key solution in the shipbuilding industry, reinforces their drive to innovate in shipbuilding services and their leadership in the marine transportation industry.”

“Seaspan’s considerable investment in our technology will allow us to more rapidly market our proprietary collaborative robots to the shipbuilding industry as well as to other key industries such as oil and gas, and water and wastewater sectors,” said Karimzadeh.

Congrats, Novarc! To learn more about the investment, continue reading the press release below.


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