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CoLab Software raises $21M to help hardware engineering teams accelerate product development

St. John’s, Newfoundland / May 16, 2024 — CoLab Software, a technology company building collaboration solutions for mechanical engineering and hardware development teams, today announced its fully subscribed Series B round with $21M USD in funding. Global software investor Insight Partners led the round, with participation from existing major investors, including Y Combinator, Killick Capital, and Pelorus VC.
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CoLab Joins PTC’s Partner Advantage Program

CoLab Software is pleased to announce a new partnership with PTC through their Partner Advantage Program. Through this program, PTC invests in enabling and growing its partners for the benefit of joint customers worldwide.
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CoLab Software Hires Seasoned SaaS Leader Jason McDermott as Chief Sales Officer

CoLab, the world’s first Design Engagement System for mechanical engineering teams, has brought veteran SaaS leader Jason McDermott on board as the company’s Chief Sales Officer. 
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CoLab Named an Inaugural Partner for Xometry’s New Workcenter Platform

CoLab, the world’s first Design Engagement System for mechanical engineering teams, will be one of the first developers to work collaboratively with Xometry to integrate into the Workcenter platform.
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CoLab Software Selected as One of Canada's Top Small & Medium Employers for 2022

For the second consecutive year, CoLab Software has been selected as one of Canada’s Top Small & Medium Employers for 2022.
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CoLab Software Hires Industrial Leader MJ Peters as VP Marketing

CoLab Software welcomes MJ Peters as the company’s first VP Marketing. Peters will shape and oversee CoLab’s marketing strategy while collaborating closely with the rest of the leadership team to drive key business results and bring the benefits of modern collaborative tools to even more engineering teams around the world.
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Alamos Gold Adopts CoLab to Make Design Reviews Easier, More Robust

Leading North American gold producer Alamos Gold has signed on with CoLab Software, adopting the web-based collaborative tool for their design review and approval workflows.
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CoLab Software Selected as One of Canada's Top Employers for Young People

For the second consecutive year, CoLab Software has been selected as one of Canada’s Top Employers for Young People for 2022.
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CoLab Software Awarded Government of Canada Contract to Modernize Engineering Collaboration 

CoLab Software has signed a contract with the Government of Canada that enables the Department of National Defence (DND) to test CoLab’s collaborative engineering software.
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CoLab Raises $17M Series A to Modernize Collaboration for Mechanical Engineering Teams

New funding positions CoLab to accelerate the pace of engineering innovation by reinventing the way teams collaborate on mechanical design