Vancouver BC-based robotics company Novarc Technologies Inc. has been listed as one of Canada’s top growing companies by the Globe & Mail for the second year in a row.
Novarc specializes in the design and commercialization of cobots (collaborative robots) and AI systems for robotic welding applications. The company launched what it billed as the world’s first welding cobot at FABTECH in 2017, and recently premiered a spool welding cobot for heavy fabrication (we covered the story here).
Novarc placed 57th on the 2021 Report on Business ranking of Canada’s Top Growing Companies, which evaluates 448 Canadian companies on three-year revenue growth. The company earned the spot based on its three-year growth of 1024 per cent.
“We are very excited to obtain this ranking on the prestigious list of Canada’s Top Growing Companies,” said Novarc CEO Soroush Karimzadeh. “Our traction has continued to grow internationally with our customers even through the pandemic. We are fortunate to continue to innovate with the launch of new welding automation technologies which have significant benefits for our customers needing to increase their productivity and become more competitive in their markets.”