CoLab Software
2024 Revenue
$6.9M
Funding
$2.9M
YOY
210.7%
Team
121
Founded
2017
How CoLab Software CEO Adam Keating grew 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 | Quote |
|---|---|---|
| 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 | Quote |
|---|---|---|---|---|---|
| 2019 | Funding round | $2.2M | - | - | |
| 2019 | Funding round | $150K | - | - | |
| 2018 | Funding round | $496K | - | - |
Founder / CEO
Adam Keating
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 In the past five years he have witnessed the most innovative companies use outdated tools for their design and issue management, resulting in delayed projects and exceeded budgets.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.
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.
CoLab Software Employees & Team Size
CoLab Software employs approximately 121 people as of 2026, up from 88 in 2023.
| 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) |
Frequently Asked Questions about CoLab Software
What is CoLab Software's revenue?
CoLab Software generates an estimated $6.9M in annual 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 across 3 rounds.
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.
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.
Data and Sources
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.
Claim this profilePeople Also Viewed
Qobra
Qobra is an AI-first sales compensation platform founded in 2020 by Antoine Fort (CEO), Axel (CTO), and Tongue (CPO). The company automates end-to-end commissions, replacing spreadsheet-based workflows for sales organizations. Fort co-founded the business almost immediately after graduating, drawing on relationships with senior sales leaders to understand the problem rather than personal experience as a commission-earner. Qobra has grown from a 100K pre-seed round and its first customer in 2020 to approximately 8M in ARR as of May 2026, serving more than 250 customers at an average ACV of roughly 30,000 per year. The company broke 1M ARR in 2022, reached between 4M and 5M ARR twelve months prior to the interview, and is targeting 10M ARR by end of 2026. Total funding raised stands at 5.7M across a 111K pre-seed in 2020 and a 5.5M seed in 2022, supplemented by a 10M Series A in late 2023 and 2M in debt financing. Investors include Singular and Brieger. The team has grown to 49 people. The single most interesting strategic inflection point is Qobra's bet that AI agents will allow it to capture dollars currently flowing to implementation consultants and external firms. The company is launching three agents, called the Analyst, the Architect, and the Coach, in June 2026, with the Architect able to build and deploy compensation plans in minutes instead of weeks. Fort frames this as turning a 6-dollar services market into software revenue, citing Sequoia's thesis that for every dollar spent on software, six dollars are spent on services.
Chattermill Analytics
Copilot transforms the way you interact with your customer data. With the power of generative AI, you can get answers to all of your CX, product, and marketing questions, improving team alignment, efficiency, and productivity. Have questions? Just ask!
Sentisis
Sentisis is the Customer Experience platform for the Spanish language
SPOT
Provider of a cloud based measurement software designed to make cloud computing more accessible and practical through simplicity and technical resources driven by the community. The company's cloud based measurement software uses artificial intelligence and machine learning to capture and analyze the data of the real world through video to predict and establish more precise marketing strategies, enabling businesses to optimize processes and gain competitive advantage.
Tactile Mobility (formerly MobiWize)
Provider of a device sensing platform intended to transform the mobility industry. The company's platform comprises of two advanced software modules that can be provided as standalone or combined together to gather signal processing data, enabling clients to avail safer, efficient and enjoyable driving experience.
Tera
Tera is a AI powered smarter finance platform offering unified experience for businesses
