CoLab Software is a technology company.
CoLab Software has raised $95.0M across 4 funding rounds.
CoLab Software has raised $95.0M in total across 4 funding rounds.
CoLab Software has raised $95.0M in total across 4 funding rounds.
CoLab Software's investors include Insight Partners, Moment Ventures, Tet Ventures, Y Combinator, Eric Ries, Jason Katzer, Blockchange Ventures, Foundry Group, Montauk Ventures, Signal Peak Ventures, Webb Investment Network, Scott Belsky.
CoLab Software is a technology company developing an AI-powered Design Engagement System for mechanical engineering and hardware development teams. It enables sharing CAD files, running virtual design reviews, capturing feedback, and deploying AI agents to accelerate product development, serving manufacturing leaders like Ford, Schaeffler, Komatsu, GE Appliances, and Johnson Controls.[1][2][3][4] The platform solves collaboration bottlenecks in complex design reviews—replacing outdated tools with browser-based CAD visualization, real-time feedback, and AI-driven insights from historical data—resulting in 30% shorter lead times, 4x faster supplier reviews, and millions in cost savings.[1][4] In the last two years, CoLab achieved nearly 10x revenue growth and raised $21M in Series B funding from Insight Partners to expand AI capabilities like ReviewAI and Lessons Learned agents.[1][3]
CoLab was co-founded by Adam Keating (CEO) and Jeremy Andrews (CTO), both mechanical engineers with deep industry experience. Keating leads the company, which has scaled to 150+ employees globally, while Andrews, formerly at Tesla and General Dynamics, was frustrated by design reviews taking up to eight weeks per part, inspiring a better collaboration tool.[1][3] The team draws from alumni of Rivian, Tesla, Northrop Grumman, and Komatsu, addressing pains they lived firsthand in fragmented design decision-making.[3] Early traction came from partnering with top manufacturers, fueling 10x revenue growth and the $21M Series B in a rising manufacturing software market.[1][3]
CoLab rides the surge in manufacturing SaaS adoption, fueled by complex global teams, supply chain pressures, and AI integration in hardware engineering. Timing aligns with rising interest in hardware tech post-2023 funding round, as cloud tools replace manual processes amid product complexity.[1][4] Market forces like shorter design cycles and AI for decisions favor vertical solutions; CoLab influences the ecosystem by codifying engineering knowledge into AI-ready models, enabling faster iterations for industries like automotive and aerospace, and partnering with giants like Bombardier and ExxonMobil.[4][7] This positions it as a key enabler in the shift to AI-assisted product development, reducing lead times in a competitive manufacturing revival.[1][2]
CoLab is primed to dominate AI-driven engineering collaboration, expanding ReviewAI and out-of-the-box agents to automate more of the design-to-validation pipeline. Trends like generative AI in manufacturing and PLM modernization will amplify growth, potentially pushing toward unicorn status with its 10x trajectory and elite customer base.[1][2][3] Influence may evolve by setting standards for EngineeringOS platforms, helping teams "build the future years sooner" through human-AI synergy—transforming slow, risky reviews into real-time decisions.[3][4]
CoLab Software has raised $95.0M across 4 funding rounds. Most recently, it raised $55.0M Series C in November 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2025 | $55.0M Series C | Insight Partners, Moment Ventures, Tet Ventures, Y Combinator, Eric Ries, Jason Katzer | |
| May 1, 2024 | $21.0M Series B | Insight Partners, Moment Ventures, Tet Ventures, Y Combinator, Eric Ries, Jason Katzer | |
| Oct 1, 2021 | $17.0M Series A | Insight Partners, Moment Ventures, Tet Ventures, Y Combinator, Eric Ries, Jason Katzer | |
| Oct 1, 2019 | $2.0M Seed | Blockchange Ventures, Foundry Group, Montauk Ventures, Signal Peak Ventures, Webb Investment Network, Scott Belsky |