CoLab has raised $5.6M in funding to expedite the development of its new product, ReviewAI. The funds will also enhance ML algorithms and enterprise security.
Amount Raised
C$5.6 Million
Round Type
Funding Round
St. John'sInformation TechnologySoftwareinformation technology & servicesInvestors
Description
CoLab has raised $5.6M. The company intends to use the funds to around 60,000 hours of additional local software development to expedite the creation of its new product: ReviewAI. It also will accelerate ML algorithms which can automatically identify similar design files, generative AI to surface lessons learned or highlights from past reviews. Since the contribution was finalized, CoLab has hired 17 new full-time roles.
Quick answer
CoLab Software raised C$5.6 Million in a Funding Round round, dated March 21, 2025. Investors: Hebron Project and Hibernia Project. CoLab Software is based in St. John's, Newfoundland And Labrador, Canada.
- How much did CoLab Software raise?
- CoLab Software raised C$5.6 Million in a Funding Round round on March 21, 2025.
- Who invested in CoLab Software?
- Hebron Project and Hibernia Project are named as investors in this round.
- What does CoLab Software do?
- CoLab is a cloud based platform purpose built for fast, effective design review.
- Where is CoLab Software based and how big is it?
- CoLab Software is based in St. John's, Newfoundland And Labrador, Canada. Fundz records about 170 employees.
- Who are the decision-makers at CoLab Software?
- Fundz holds 5 contacts at CoLab Software, including the SVP Customer Success. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in information technology & services and Software around the same time
Companies in the same sectors as CoLab Software that raised within 45 days of this round, from Fundz verified event records.
- Vector raised an undisclosed amount (Corporate Round) on May 5, 2025.
- Astronomer raised $93M (Series D) on May 1, 2025.
- Reducto raised $25M (Series A) on April 26, 2025.
- MagicBlock raised $7.5M (Seed) on April 24, 2025.
- Cursor raised an undisclosed amount (Funding Round) on April 21, 2025.
- Sadq raised $1.5M (Pre-Series A) on April 15, 2025.
Who to call at CoLab Software, and when
A new round usually means CoLab Software is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day CoLab Software raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at CoLab Software, from your own LinkedIn network
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