CoLab Software, a Canadian startup building AI-powered collaborative engineering software, has raised $72 million in a Series C funding round led by Intrepid Growth Partners.
Existing investors including Insight Partners, Y Combinator, Pelorus VC, Killick Capital, and Spider Capital also participated in this round. This fresh capital injects fuel for CoLab’s expansion and AI innovations.
What is CoLab Software? Engineering Decisions Powered by AI
Founded by CEO Adam Keating, CoLab addresses the slow, error-prone process of product design reviews in hardware engineering teams.
Their flagship platform, EngineeringOS, uses AI agents trained on a company's exhaustive design data to assist engineers in collaboration and decision-making.
The goal is to collapse design cycles that typically take months into mere hours by automating review workflows and catching costly flaws early.
One key innovation is AutoReview, CoLab’s debut AI agent that analyzes 2D drawings and 3D models to identify design issues.
Since its launch, over 47,000 engineers have joined a waitlist eager to access this virtual mentor—demonstrating strong market demand.
CoLab Software Funding & Metrics
| Round | Amount Raised | Lead Investor | Valuation (Est.) | AI Curator Rating | Notes |
|---|---|---|---|---|---|
| Seed | $10M | Y Combinator | Not disclosed | 4.2/5 | Initial technology buildup |
| Series A | $18M | Insight Partners | Not disclosed | 4.5/5 | Growth & product launch |
| Series B | $30M | Pelorus VC | Not disclosed | 4.7/5 | Expanding AI capabilities |
| Series C | $72M | Intrepid Growth Partners | ~ $400M (est.) | 4.9/5 | AI agents & market scale |
Why This Deal Matters: AI Meets Enterprise Engineering
The $72M raise validates CoLab’s leadership in AI for engineering—a rapidly growing sub-sector within enterprise AI. It signifies investors’ confidence in AI’s role beyond software into physical product design and manufacturing efficiency.
The company plans to use funds to develop additional AI agents, deepen integrations with core engineering systems, and expand strategic partnerships worldwide. Revenue is projected to nearly triple in 2025, indicating surging adoption.mp
Mark Shulgan of Intrepid Growth Partners highlights CoLab as a “decision-making layer” that blends human expertise with AI and data to speed informed design decisions.
CoLab Software approach balances AI automation with human judgment, preserving engineering intuition while scaling output.
Key Deal Facts
What’s Next for CoLab Software?
Armed with new capital and growing enterprise momentum, CoLab’s immediate focus is launching more AI agents and forging major partnerships by year-end.
Their biggest challenges lie in scaling global adoption while maintaining AI reliability in complex engineering contexts.
Success here could reshape engineering processes across manufacturing industries by making product development faster, cheaper, and smarter.
CoLab remains a standout example in AI startup funding, leading AI innovation where machines meet engineering expertise.
CoLab Social Links
| Platform | Link |
|---|---|
| Website | colabsoftware.com |
| linkedin.com/company/colabsoftware | |
| @colab_software |
This deal highlights the increasing investor appetite for AI startups that transform traditional industries like manufacturing through smarter software tools.
