CoLab Software
- Company typePrivate
- Founded2017
- HeadquartersSt. John's, Canada
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What CoLab Software does
CoLab Software is a privately held Canadian SaaS company headquartered in St. John's, Newfoundland and Labrador, that builds an AI-powered design engagement platform (branded EngineeringOS) for mechanical engineering organizations. Its software enables distributed design-review teams to view, markup, and collaborate on 2D drawings and 3D CAD models directly in a browser, with native support for 30+ CAD file types and bidirectional integrations into the dominant PLM systems (PTC Windchill, Siemens Teamcenter, Dassault 3DEXPERIENCE) plus CAD add-ins for Creo, NX, and SolidWorks. Layered on top of the collaboration substrate are AI capabilities — AutoReview (an AI Peer Checker that runs first-pass checks against customer-specific design standards), AI Drawing Review, AI CAD Review, AI Knowledge Graph, AI Lessons Learned, and Operator (an AI-Powered Engineering Search product in early access) — that codify expert feedback as a byproduct of review activity and proactively surface relevant past design decisions at the point of decision.
The company sells primarily to Fortune 500 industrial OEMs and Tier-1 suppliers via a direct enterprise field-sales motion with custom demos and white-glove onboarding; named customers include Ford, Johnson Controls, Schaeffler, Schneider Electric, Komatsu, Bombardier, GE Appliances, Hyundai Mobis, ExxonMobil, Lockheed Martin, Bobcat, Polaris, BD, Electrolux, Olympus, Mainspring Energy, Autoneum, AGCO, Snap Inc., Triumph Group, and E-Z-GO, plus mid-market customers such as Genoa Design International and Kraken Robotics. Revenue is generated through per-user annual subscriptions signed under master Subscription Agreements with auto-renewing one-year terms, non-cancelable mid-term quantities, and renewal-fee escalators of up to 7%; AI features and multi-PLM integration engagements are sold as add-ons.
CoLab has raised approximately US$116M+ across multiple venture rounds — Series A ($17M, Insight Partners, Oct 2021), Series B ($21M, Insight Partners, May 2024), Series C ($72M USD, Intrepid Growth Partners, Nov 10, 2025 at ~$500M post-money) — supplemented by Canadian government and oil-and-gas operator funding (C$5.6M from Hibernia/Hebron Projects in March 2025 and a C$1M repayable RDII loan in March 2026). It employs roughly 165 people, was founded in 2017, and operates two Canadian entities (CoLab Software Inc. and CoLab AI Inc.) with the latter contracting for AI/defence work including the landmark Bombardier agreement announced April 2026.
CoLab Software firmographics
Firmographics- Name
- CoLab Software
- Legal name
- CoLab Software Inc.
- Website
- https://colabsoftware.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
CoLab Software industry classification
Industry- Product category
- Engineering Collaboration Software
- NAICS
- Software Publishers (5132)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs) (HDAEANAJ)
- akta.pro secondary industry
- iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)
Keywords
Where CoLab Software is headquartered
LocationHeadquarters
- HQ city
- St. John's
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
CoLab Software business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- Subscription Licenses (User-based): Primary revenue stream. CoLab Services are purchased as subscriptions per User under a signed Order Form, with quantities non-cancelable during the Subscription Term. Subscriptions auto-renew for successive one-year terms unless 30 days' notice is given; CoLab reserves the right to increase annual renewal fees up to 7% with 60 days' notice. Users are individuals; credentials cannot be shared, but subscriptions can be reassigned.
- Add-On AI Features: Analytical, reporting and predictive tools sold as AI Features (subject to AI Addendum). Customers can upgrade subscription packages or purchase additional User subscriptions / Order Forms mid-term, with billing for the additional fees.
- Implementation / Onboarding (Implied Professional Services): CoLab describes white-glove integration with customer workflows; multi-PLM integration enablement is a paid engagement layer implied by Order Form structure and the Enterprise Knowledge Management / Multi-PLM use cases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Per seat | Annual | Per-User subscription, quote-based, annual auto-renewal. |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels8 records
CoLab Software product offering
Product offeringCore offering
CoLab Software develops an AI-powered design engagement platform (EngineeringOS) that enables mechanical engineering teams to run browser-based virtual design reviews on 30+ native CAD file types and 2D drawings. The platform combines virtual collaboration, AI agents (AutoReview, Operator), and an AI Knowledge Graph that captures expert design rationale as a byproduct of review activity. It integrates natively with Windchill, Teamcenter, and 3DEXPERIENCE PLM systems and is sold to large industrial OEMs and tier-1 suppliers to reduce design review cycles, prevent late-stage errors, and run Value Analysis/Value Engineering (VA/VE) cost-reduction programs.
Product overview
CoLab Software offers a single unified AI-powered design engagement platform — also referenced as the EngineeringOS platform — for mechanical engineering design review and collaboration. The platform is architected as a core collaboration layer plus a suite of AI modules and capabilities: Virtual Design Reviews form the foundation for real-time and asynchronous collaboration on 2D/3D designs; AI Drawing Review and AI CAD Review generate automated annotations on drawings and CAD models; AI Knowledge Graph captures and structures expert design knowledge from review feedback; AI Lessons Learned proactively surfaces insights from similar past programs; AutoReview is the AI Peer Checker that autonomously runs multi-step design checks against customer standards; and Operator (in early access) provides AI-powered engineering search across CAD, PLM, drawings, standards, and past reviews. The platform supports multiple use cases including Enterprise Knowledge Management, Multi-CAD/Multi-PLM Collaboration, Supplier DFM, Joint Development, Engineer-to-Order & Quoting, and Value Analysis/Value Engineering (VA/VE) cost reduction events. It integrates with major PLM systems (Windchill, Teamcenter, 3DEXPERIENCE) and CAD tools (Creo, NX, SolidWorks), supports 30+ file types, and is offered with optional CoLab Extensions for desktop integration.
Differentiator
Problem solved
Functional benefit
Brands
- EngineeringOS: CoLab's AI platform for capturing engineering lessons learned and enabling real-time engineering decisions across product development programs.
- AutoReview
- Operator
Products and services
- CoLab Platform (EngineeringOS)
Quantifiable outcome
- 40% faster time to market (Ford Pro)
- +11 more outcomes
Companies that use CoLab Software
Customer profileNamed customers24 records
Segments5 records
Ideal customer profiles3 records
CoLab Software technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability11 records
Feature7 records
CoLab Software partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered flagship and core.
- Bombardier Inc.flagshipMulti-year, multimillion-dollar contract announced April 23, 2026 to embed CoLab's EngineeringOS across Bombardier's business jet design and manufacturing workflows. The AI platform enables Bombardier to automatically capture lessons learned from engineering programs and resurface them using machine learning to improve outcomes on future projects.
- NvidiacoreCoLab joined Nvidia's Inception Program in December 2025 to enhance AI capabilities for its engineering tools; the collaboration aims to improve data delivery to engineers and integrate Nvidia's simulation platforms into CoLab's workflow.
- ExxonMobilcore$5.6 million CAD partnership announced March 25, 2025 to take CoLab's AI design review tool 'out to sea' for oil rig applications; backed by $5.6M CAD from the Hibernia and Hebron Projects (March 19, 2025) to create local AI talent and accelerate the ReviewAI roadmap.
- Hibernia and Hebron Projectscore$5.6M CAD funding commitment to CoLab announced March 19, 2025 to create local AI talent in Newfoundland and Labrador and accelerate the ReviewAI roadmap; tied to ExxonMobil offshore engineering deployment.
- Google CloudcoreThird Party AI Provider hosting LLMs for CoLab's AI Features in both commercial and GovCloud/FedRAMP environments; subject to zero-data-retention data processing agreement.
- OpenAIcoreThird Party AI Provider hosting LLMs for CoLab's AI Features in the commercial environment under a zero-data-retention data processing agreement.
- Amazon Web Services (AWS)coreThird Party AI Provider hosting LLMs for CoLab's AI Features in both commercial and GovCloud/FedRAMP environments; CoLab confirms all customer data stays in the AWS environment.
- Microsoft AzurecoreThird Party AI Provider hosting LLMs for CoLab's AI Features in the commercial environment under a zero-data-retention data processing agreement.
- PTC (Windchill)coreNative PLM integration — CoLab integrates with Windchill to share CAD while maintaining critical data associations and keeping revisions synced automatically. CoLab adds Windchill integration module to its multi-PLM collaboration layer.
- Siemens (Teamcenter)coreNative PLM integration — CoLab integrates with Siemens Teamcenter for secure design data exchange and revision sync as part of the multi-PLM collaboration layer.
- Dassault Systèmes (3DEXPERIENCE)coreNative PLM integration — CoLab connects to 3DEXPERIENCE so CAD can be shared for review while keeping revisions in sync across heterogeneous PLM environments.
Scale indicators11 records
Recent moves7 records
Expansion highlights7 records
CoLab Software competitors and assessment
Company assessmentBroad incumbents
- PTC: Owner of Windchill (PLM), Creo (CAD), and Onshape (cloud CAD), the dominant system-of-record for the same discrete-manufacturing customers CoLab targets. Competes by adding AI features natively into its PLM/CAD platform and could bundle a peer-review agent against CoLab's stand-alone layer.
- Siemens Digital Industries (Teamcenter / NX): Owner of Teamcenter (PLM) and NX (CAD), with a large installed base among the automotive and industrial OEMs CoLab serves. Embedding generative AI and digital-twin workflows directly into Teamcenter could erode CoLab's 'system of engagement' wedge.
- Dassault Systèmes (3DEXPERIENCE / SolidWorks): Owner of 3DEXPERIENCE, CATIA, ENOVIA, and SolidWorks — deeply embedded at aerospace (where Bombardier sits) and industrial OEMs. Their push toward model-based systems engineering and AI-assisted design competes head-on with CoLab's collaboration layer.
Direct peers
- Arena Solutions: Cloud-native PLM and quality management SaaS for discrete manufacturers; targets the same mid-market and enterprise engineering organizations as CoLab with a focus on BOM, change, and quality workflows. Competes for the same budget and budget-holder.
- Propel Software: SaaS PLM, QMS, and product success platform built natively on Salesforce; targets similar discrete-manufacturing and high-tech customers. Overlaps with CoLab on multi-stakeholder product record access and supplier collaboration.
- Aras: Open-source, model-based PLM platform used by large industrial and aerospace manufacturers (e.g., Airbus, Boeing suppliers). Competes for the same PLM-adjacent collaboration and design-review budget as CoLab.
Emerging players
- nTopology: Engineering design platform that uses implicit modeling and AI-assisted workflows for advanced manufacturing and lightweighting. Adjacent to CoLab's CAD-review/engineering-collaboration space with a focus on generative design and DFM.
- Monolith AI: AI platform for engineering R&D that helps mechanical engineers predict performance and accelerate testing — closely comparable to CoLab's 'AI for engineering decision-making' positioning, though focused on simulation surrogates rather than design review.
- SimScale: Cloud-native CAE/FEA simulation platform used by design engineers at discrete manufacturers. Adjacent competitor for engineering-tool budget with similar SaaS-distribution, PLM-integration, and AI-augmentation narratives.
- Ketryx: AI-powered compliance and traceability for regulated engineering (medtech, aerospace). Comparable as a vertical AI agent that operates on top of engineering artifacts and is sold into the same safety-conscious Fortune 500 buyer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
CoLab Software social profiles
Digital presenceCoLab Software compliance and trust
Trust signalCompliance3 records
CoLab Software financial estimates
Financial estimateRevenue estimate
Valuation estimate
CoLab Software leadership team
Management profileNumber of profiles
Profiles8 records
CoLab Software subsidiaries and ownership
Company hierarchySubsidiaries1 record
CoLab Software funding detail
Funding detailFunding overview
Funding rounds9 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CoLab Software M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CoLab Software
What does CoLab Software do?
CoLab Software develops an AI-powered design engagement platform (EngineeringOS) that enables mechanical engineering teams to run browser-based virtual design reviews on 30+ native CAD file types and 2D drawings. The platform combines virtual collaboration, AI agents (AutoReview, Operator), and an AI Knowledge Graph that captures expert design rationale as a byproduct of review activity. It integrates natively with Windchill, Teamcenter, and 3DEXPERIENCE PLM systems and is sold to large industrial OEMs and tier-1 suppliers to reduce design review cycles, prevent late-stage errors, and run Value Analysis/Value Engineering (VA/VE) cost-reduction programs.
Is CoLab Software a public or private company?
CoLab Software is a private company. It is classified as venture growth investor backed and is currently operating.
When was CoLab Software founded?
CoLab Software was founded in 2017. It employs 101 to 250 people.
Where is CoLab Software based?
CoLab Software is headquartered in St. John's, Canada, in the North America region.
How does CoLab Software make money?
Three revenue lines are on record. Subscription Licenses (User-based) is the primary driver. The others are add-On AI Features and implementation / Onboarding (Implied Professional Services).
Who are CoLab Software's main competitors?
Broad incumbents on record are PTC, Siemens Digital Industries (Teamcenter / NX) and Dassault Systèmes (3DEXPERIENCE / SolidWorks). Direct peers are Arena Solutions, Propel Software and Aras. Emerging players are nTopology, Monolith AI, SimScale and Ketryx.
Does CoLab Software have an API?
Yes. CoLab offers a public API listed in the Integrations navigation menu at /integrations/api. CoLab also offers downloadable CoLab Extensions (add-ins) that customers can install to integrate the CoLab Services with third-party software and applications such as CAD/PLM tools. The Subscription Agreement governs use of the Services and APIs and prohibits reverse engineering or security testing of the APIs. Specific API protocol type (REST/GraphQL), authentication method, rate limits, versioning, and sandbox availability are not stated in the source material. Developer documentation is at www.colabsoftware.com/integrations/api.
What industry is CoLab Software in?
CoLab Software's product category is Engineering Collaboration Software. Its primary akta.pro industry code is HDAEANAJ, AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs), with a secondary code of HDAEAHAG, iBPMS (Intelligent BPM Suites) & Process Automation Suites. Its NAICS code is 5132 and its SIC code is 7372.