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- CoLab Software
CoLab Software Valuation, Funding & Investors
CoLab Software is valued at $500M as of November 2025.
Last CoLab Software valuation
$500M
Series C · Nov 2025
Last CoLab Software funding round
$72M
Series C · Nov 2025
Cumulative funding CoLab Software raised
$113M
across 6 funding rounds
Key investors in CoLab Software
Killick Capital
Pelorus Venture Capital
Y Combinator
Insight Partners
Spider Capital
Liquid 2 Ventures
About CoLab Software
CoLab Software is a design engagement system for engineering teams using AI checks and real-time collaboration. Based in San Francisco, it builds searchable knowledge databases from reviews to prevent errors. Founded in 2022, CoLab integrates with CAD tools like SolidWorks and serves hardware firms scaling decisions across projects.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$500M (Nov 2025)
CoLab Software Valuation
CoLab Software is currently valued at $500M, based on its Series C in November 2025. Read the announcement ↗
The $72M round was led by Intrepid Growth Partners, with participation from Y Combinator, Spider Capital, Pelorus Venture Capital, Insight Partners and Killick Capital.
CoLab Software valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2025 | Series C | $500M |
CoLab Software Funding History
CoLab Software has raised a total of $113M across 6 funding rounds.
CoLab Software's first fundraising round was a $500K pre-seed round in June 2018. The most recent completed round was a $72M Series C in November 2025.
CoLab Software funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2025 | Series C | Intrepid Growth Partners (lead); Y Combinator; Spider Capital; Pelorus Venture Capital; Insight Partners; Killick Capital | $72M | $500M | Intrepid Growth Partners led a USD 72 million Series C financing in CoLab Software in November 2025. Insight Partners and Y Combinator joined the round, and press coverage also named Pelorus Venture Capital, Killick Capital and Spider Capital as participants, with Insight Partners increasing its position through a super pro rata investment. BetaKit, citing The Globe and Mail, reported that roughly one-third of the round was shares bought from early investors, with the remainder going to the company as primary capital. Intrepid co-founder and partner Mark Shulgan joined CoLab's board as part of the investment. Intrepid said the investment backs another applied AI company that leads its category, and CoLab said it would use the funds for new AI agents, integrations, partnerships and expanding its go-to-market teams. CoLab was founded in 2017 by Adam Keating, its chief executive, and Jeremy Andrews, its chief technology officer, and is headquartered in St. John's, Newfoundland. Its EngineeringOS platform lets mechanical engineering and hardware development teams run virtual design reviews, capture expert annotations on 2D and 3D files and apply that knowledge through AI agents. Customers named include Ford, Johnson Controls and GE Appliances. |
| May 2024 | Series B | Insight Partners (lead); Y Combinator; Pelorus Venture Capital; Killick Capital | $21M | - | CoLab Software develops an AI-powered EngineeringOS platform for mechanical engineering and hardware development teams, facilitating collaboration on 3D models, capturing design data, and integrating AI agents like AutoReview to automate tasks and improve decisions. The company, founded in 2017 by CEO Adam Keating and CTO Jeremy Andrews in St. John’s, Newfoundland, serves major clients including Ford, Lockheed Martin, GE Appliances, Johnson Controls, and Schneider Electric. It graduated from Y Combinator and has focused on modernizing collaboration in hardware engineering amid rising demand for cloud-based SaaS in manufacturing. On May 16, 2024, CoLab announced a fully subscribed $21M USD Series B funding round led by Insight Partners, with participation from existing investors Y Combinator, Killick Capital, and Pelorus Venture Capital. The funds aim to accelerate delivery of AI-enhanced solutions like ReviewAI, which leverages machine learning on captured engineering data to automate routine tasks. This followed a $17M Series A round also led by Insight Partners. A subsequent $72M USD ($101M CAD) Series C round closed in November 2025, led by Intrepid Growth Partners, with participation from Insight Partners (super pro rata), Y Combinator, Pelorus VC, Killick Capital, and Spider Capital. The Globe and Mail reported a ~$500M USD valuation and recurring annual revenues of $15M-$30M USD for the Series C, alongside 1,730% three-year revenue growth (Deloitte Tech Fast 50, 19th place). AutoReview's waitlist exceeded 47,000 engineers, with projections to nearly triple revenue in 2025 and headcount growth to over 300 by end-2026. |
| Oct 2021 | Series A | Insight Partners (lead); Spider Capital | $17M | - | CoLab Software raised $17 million in a Series A funding round led by Insight Partners, with participation from Spider Capital and other investors including Y Combinator, Killick Capital, and strategic angels from Xometry, Onshape, GrabCAD, Bosch, Tesla, and Atlassian. The company, based in St. John’s, Newfoundland, develops a CoDesign platform for mechanical engineering teams to modernize collaboration in design and manufacturing. The funding enabled CoLab to double its team from 54 people and expand to more organizations in hardware development. |
| Oct 2019 | Seed | Spider Capital; Liquid 2 Ventures; Panache Ventures; Pelorus Venture Capital; FundersClub; Ryan Chan; Killick Capital | $2M | - | - |
| Aug 2019 | Pre-seed | Y Combinator (lead); Liquid 2 Ventures; Creative Destruction Lab (CDL) | $200K | - | - |
| Jun 2018 | Pre-seed | Panache Ventures; Pelorus Venture Capital; Killick Capital | $500K | - | - |
Who has invested in CoLab Software?
11 investors have backed CoLab Software across its funding rounds, including Killick Capital, Pelorus Venture Capital, Y Combinator, Insight Partners, Spider Capital and Liquid 2 Ventures.
Lead investors include Intrepid Growth Partners, Insight Partners and Y Combinator.
CoLab Software Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Jun 2018 | ||
| 4 | Participant | Jun 2018 | ||
| 3 | Lead | Aug 2019 | ||
| 3 | Participant | Oct 2019 | ||
| 3 | Lead | Oct 2021 | ||
| 2 | Participant | Aug 2019 | ||
| 2 | Participant | Jun 2018 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Participant | Oct 2019 | ||
This data is available for Pro users. Sign up to see all 11 CoLab Software investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialCoLab Software Competitors
CoLab Software competitors include listed companies like Rezolve AI and Datasection, and private ones like /dev/agents, Alice, Auradine and Comfy.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $47M | ($109M) | $550M | 2.2x | ||
| Publicly listed | $212M | $27M | $451M | 2.1x |
CoLab Software Public Comps
CoLab Software is still privately-owned, but its public comps include Unisound Ai Technology, Datasection, Rezolve AI, Forward Industries, Capillary Technologies India, Gstarsoft, PKSHA Technology, Beijing Hanyi Innovation, Hanwang Technology Co and Fukui Computer Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $182M | ($22M) | 2.2x | 2.2x | (17.8x) | (15.3x) | |||
| $212M | $27M | 2.1x | 2.1x | 16.8x | 17.0x | |||
| $47M | ($109M) | 14.7x | 2.2x | (6.3x) | (12.0x) | |||
| $18M | ($169M) | 29.7x | 9.2x | (3.2x) | 31.4x | |||
| $78M | $13M | 4.8x | 3.7x | 28.9x | 25.2x | |||
| $50M | $7M | 4.7x | 4.8x | 32.2x | - | |||
| $138M | $46M | 3.9x | 2.2x | 11.5x | 9.8x | |||
| $29M | $5M | 12.3x | 11.1x | 71.1x | 40.6x | |||
This data is available for Pro users. Sign up to see all CoLab Software competitors and their valuation data. Start Free Trial | ||||||||
Common questions about CoLab Software
| When was CoLab Software founded? | CoLab Software was founded in 2017. |
| Where is CoLab Software headquartered? | CoLab Software is headquartered in St. John's, Canada. |
| Is CoLab Software publicly listed? | No, CoLab Software is a private, VC-backed company. |
| What is CoLab Software's valuation? | CoLab Software was last valued at $500M in its Series C in November 2025. |
| How much funding has CoLab Software raised? | CoLab Software has raised $113M across 6 funding rounds. |
| What was CoLab Software's last funding round? | CoLab Software's last funding round was a $72M Series C in November 2025, led by Intrepid Growth Partners. |
| Who are CoLab Software's investors? | CoLab Software's investors include Pelorus Venture Capital, Killick Capital, Y Combinator, Spider Capital, Insight Partners, Liquid 2 Ventures, Panache Ventures, Creative Destruction Lab (CDL), FundersClub, Intrepid Growth Partners and 1 other. |
| Which companies are comparable to CoLab Software? | Companies comparable to CoLab Software include /dev/agents, Alice, Auradine, Comfy, Rezolve AI and Datasection. |
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