CoLab Software
Category: AI Developer Tools
AI-powered engineering collaboration platform that enables virtual design reviews, CAD file sharing, and AI-driven feedback to accelerate product development. CoLab Software was founded in 2017. The company is led by Adam Keating. Based in St. John's, Newfoundland and Labrador, Canada. Team size: 165. Total funding raised: $130M+. Latest round: Series C ($72M in November 2025). Key investors include Intrepid Growth Partners (lead), Insight Partners, Y Combinator, Pelorus VC, Killick Capital, Spider Capital.
- Founded
- 2017
- Headquarters
- St. John's, Newfoundland and Labrador, Canada
- Team size
- 165
- Total funding
- $130M+
Value proposition
Accelerating complex product development by uniting engineering teams with AI-augmented design reviews and knowledge management.
Products and solutions
AI-powered design review with AutoReview AI Peer Checker, Simulation and visualization of 2D and 3D CAD models in the browser, AI feedback loops utilizing organizational collective knowledge, Asynchronous collaborative review system, Tracking and structuring expert feedback automatically, Integration with PLM systems like Windchill, Teamcenter, and 3DXPERIENCE
Unique value
Transforms design reviews into AI-ready knowledge databases, automates lessons learned via similarity engines, and enables non-CAD users to participate in reviews
Target customer
Engineering teams in aerospace, automotive, energy, and healthcare industries
Industries served
aerospace, automotive, energy, healthcare, manufacturing
Technology advantage
Proprietary AI agents (AutoReview and Lessons Learned) with natural language processing and similarity detection algorithms for embedded insights in engineering workflows
How they differentiate
CoLab differentiates through AI agents trained on 8 years of engineering data (millions of drawings, 3D models, and annotations) to automate design reviews and error detection via tools like AutoReview.
Main competitors
Siemens Teamcenter, PTC Windchill, Dassault ENOVIA
Key partnerships
Autodesk, Dassault Systèmes, Intrepid Growth Partners, Insight Partners, ExxonMobil (Hibernia & Hebron Projects)
Notable customers
Ford Motor Co., GE Appliances, Lockheed Martin, Schneider Electric, Johnson Controls, Komatsu
Major milestones
Launched AutoReview (AI peer checker for engineering files), $72M Series C funding in November 2025, Ranked #19 on Deloitte's 2025 Technology Fast 50™, 47,000+ engineers on AutoReview waitlist, Global expansion to 165+ employees
Growth metrics
On track to nearly triple revenue in 2025 (ARR estimated at $15-30M), with 165 employees and 47,000+ engineers on AutoReview waitlist
Market positioning
Positioned as a leader in AI-driven engineering collaboration, targeting complex product design workflows in manufacturing, aerospace, and energy sectors.
Geographic focus
Global, with headquarters in Canada and customers across North America, Europe, and Asia-Pacific.
Patents and IP
Not publicly detailed, but emphasizes proprietary AI agents and knowledge modeling as key innovation assets
About Adam Keating
Co-founded CoLab after observing inefficiencies in engineering collaboration at ExxonMobil and RefleXion Medical. Led the Paradigm Hyperloop team to a global second-place finish and contributed to the first biology-guided radiotherapy cancer treatment system.
Official website: https://www.colabsoftware.com