Graham Partners, a private equity firm, led a Series A funding round in Novarc Technologies, a robotics company specializing in the design and commercialization of collaborative robots and AI-based machine vision software and systems, with participation from Caterpillar Ventures. Financial terms were not disclosed. “We’re very excited to have closed this Series A financing with Graham Partners which will be used to fund the expansion of Novarc’s sales and marketing efforts in North America, Europe and Asia, and continued investment in research and development in AI and robotics. We have seen global demand steadily increasing for an automation solution like Novarc’s. Today, some of the top companies in the building construction, manufacturing, engineering, energy, off-shore and shipbuilding industries are employing our invention, the Spool Welding Robot," Soroush Karimzadeh, Novarc Technologies CEO.