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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
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.
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 | Source |
|---|---|---|---|---|---|
| 2019 | Funding round | $2.2M | - | - | |
| 2019 | Funding round | $150K | - | - | |
| 2018 | Funding round | $496K | - | - |
CEO
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 In the past five years he have witnessed the most innovative companies use outdated tools for their design and issue management, resulting in delayed projects and exceeded budgets.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.
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We do not have customer count information for CoLab Software yet.
CoLab Software employs approximately 121 people as of 2026, up from 88 in 2023.
CoLab Software generates an estimated $6.9M in annual revenue.
CoLab Software was founded by Adam Keating.
The CEO of CoLab Software is Adam Keating.
CoLab Software raised $2.9M across 3 rounds.
CoLab Software has 121 employees.
CoLab Software is headquartered in St John’s, Newfoundland and Labrador, Canada.
CoLab Software operates across multiple industries. Browse revenue, funding, and growth data for CoLab Software in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$6.9M(Est.)
Funding
$2.9M
Team
121
Founded
2017
| Year | Milestone | Source |
|---|---|---|
| 2024 | CoLab Software Hit $6.9m revenue in October 2024 | Estimated |
| 2023 | CoLab Software Hit $2.2m revenue in December 2023 | Estimated |
| 2021 | CoLab Software Hit $1.4m revenue in April 2021 | |
| 2017 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 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) |
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