CoLab Software
2024 Revenue
$6.9M
Funding
$2.9M
YOY
210.7%
Team
121
Founded
2017
How CoLab Software CEO Adam Keating grew CoLab Software to $6.9M revenue with a 121 person team in 2024.
Developer of a cloud-based design review and issue tracking platform designed to assist the workflow of manufacturing teams. The company's platform offers Real-time collaboration tools for mechanical and product design teams with the goal of significantly reducing the near 20% of project time that is wasted on poor communication during the design lifecycle, enabling manufacturing teams to focus on shortening development cycles and reducing manufacturing errors.
Last updated
CoLab Software Revenue
In 2024, CoLab Software's revenue reached $6.9M. The company previously reported $2.2M in 2023. Since its launch in 2017, CoLab Software has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | CoLab Software Hit $6.9m revenue in October 2024 |
| 2023 | CoLab Software Hit $2.2m revenue in December 2023 |
| 2021 | CoLab Software Hit $1.4m revenue in April 2021 |
| 2017 | Launched with $0 revenue |
CoLab Software Valuation, Funding Rounds
CoLab Software has not publicly disclosed its valuation. The company has raised $2.9M in total funding to date.
CoLab Software has raised $2.9M in total funding across 3 rounds, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold |
|---|---|---|---|---|
| 2019 | Funding round | $2.2M | - | - |
| 2019 | Funding round | $150K | - | - |
| 2018 | Funding round | $496K | - | - |
CoLab Software Employees & Team Size
CoLab Software employs approximately 121 people as of 2026, up from 88 in 2023.
CoLab Software has 121 total employees in different roles and functions.
| Year | Milestone |
|---|---|
| 2024 | Reached 121 employees (December 2024) |
| 2024 | Reached 117 employees (October 2024) |
| 2023 | Reached 88 employees (December 2023) |
| 2022 | Reached 85 employees (December 2022) |
| 2021 | Reached 68 employees (December 2021) |
| 2021 | Reached 30 employees (April 2021) |
Founder / CEO
Adam Keating
For two years he led the development of hyperloop technology with Paradigm Hyperloop, finishing second at the 2017 SpaceX Competition from a field of 1200 teams while delivering the first ever air-levitated hyperloop vehicle. He was fortunate to work with the amazing engineering and fabrication team at RefleXion Medical who are building the world's first Biology-Guided Radiotherapy Cancer Treatment Machine. Fighting this disease is a passion of him after losing his father to cancer in 2013. In the past five years he have witnessed the most innovative companies use outdated tools for their design and issue management, resulting in delayed projects and exceeded budgets. Today he lead an awesome team at CoLab Software to empower engineering teams to build the future, faster.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for CoLab Software yet.
Frequently Asked Questions about CoLab Software
What is CoLab Software's revenue?
CoLab Software generates $6.9M in revenue.
Who founded CoLab Software?
CoLab Software was founded by Adam Keating.
Who is the CEO of CoLab Software?
The CEO of CoLab Software is Adam Keating.
How much funding does CoLab Software have?
CoLab Software raised $2.9M.
How many employees does CoLab Software have?
CoLab Software has 121 employees.
Where is CoLab Software headquarters?
CoLab Software is headquartered in St John’s, Newfoundland and Labrador, Canada.
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Compare CoLab Software to the industry
CoLab Software operates across multiple industries. Browse revenue, funding, and growth data for CoLab Software in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .