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

CoLab Software Overview

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

CanadaSt. John's

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

CoLab Software valuation by funding round
DateStageValuation
Nov 2025Series 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

CoLab Software funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2025Series CIntrepid Growth Partners (lead); Y Combinator; Spider Capital; Pelorus Venture Capital; Insight Partners; Killick Capital$72M$500MIntrepid 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 2024Series BInsight 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 2021Series AInsight 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 2019SeedSpider Capital; Liquid 2 Ventures; Panache Ventures; Pelorus Venture Capital; FundersClub; Ryan Chan; Killick Capital$2M--
Aug 2019Pre-seedY Combinator (lead); Liquid 2 Ventures; Creative Destruction Lab (CDL)$200K--
Jun 2018Pre-seedPanache 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

Investors in CoLab Software by funding rounds participated
InvestorHQRoundsRoleFirst check
Pelorus Venture CapitalCanadaSt. John's4ParticipantJun 2018
Killick CapitalCanadaSt. John's4ParticipantJun 2018
Y CombinatorUnited StatesSan Francisco, CA3LeadAug 2019
Spider CapitalUnited StatesSan Francisco, CA3ParticipantOct 2019
Insight PartnersUnited StatesNew York City, NY3LeadOct 2021
Liquid 2 VenturesUnited StatesSan Francisco, CA2ParticipantAug 2019
Panache VenturesCanadaMontreal2ParticipantJun 2018
Creative Destruction Lab (CDL)CanadaToronto1ParticipantAug 2019
FundersClubUnited StatesSan Francisco, CA1ParticipantOct 2019

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CoLab Software Competitors

CoLab Software competitors include listed companies like Rezolve AI and Datasection, and private ones like /dev/agents, Alice, Auradine and Comfy.

Public and private companies comparable to CoLab Software
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
/dev/agentsUnited StatesSan Francisco, CAPrivate--$500M-
AliceUnited StatesNew York City, NYPrivate--$500M-
AuradineUnited StatesSan Jose, CAPrivate--$500M-
ComfyUnited StatesSan Francisco, CAPrivate--$500M-
Rezolve AIUnited KingdomUnited KingdomPublicly listed$47M($109M)$550M2.2x
DatasectionJapanJapanPublicly listed$212M$27M$451M2.1x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Unisound Ai Technology$182M($22M)2.2x2.2x(17.8x)(15.3x)
Datasection$212M$27M2.1x2.1x16.8x17.0x
Rezolve AI$47M($109M)14.7x2.2x(6.3x)(12.0x)
Forward Industries$18M($169M)29.7x9.2x(3.2x)31.4x
Capillary Technologies India$78M$13M4.8x3.7x28.9x25.2x
Gstarsoft$50M$7M4.7x4.8x32.2x-
PKSHA Technology$138M$46M3.9x2.2x11.5x9.8x
Beijing Hanyi Innovation$29M$5M12.3x11.1x71.1x40.6x

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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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