The Canadian AI Index

Companies / CoLab Software

CoLab Software

CoLab Software is an industrial and manufacturing AI company based in St. John's, Newfoundland and Labrador. It raised a US$72M Series C in November 2025 led by Intrepid Growth Partners.

AI-powered engineering design review and collaboration platform.

colabsoftware.com

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Founded
2017
HQ
St. John's, NL
Category
Industrial/Manufacturing AI
Status
Active
Disclosed raised
US$72M

Funding history

RoundDateAmountInvestors
Series CNov 11, 2025 US$72MIntrepid Growth Partners (lead); Y Combinator, Pelorus VC, Killick Capital, Spider Capital, Insight Partners. C$101M; led by Intrepid Growth Partners (Mark Shulgan joins board); Y Combinator, Pelorus VC, Killick Capital, Spider Capital, Insight Partners (super pro rata); ~C$77M primary, ~one-third secondary

Also backed by

Investors listed on their own portfolio pages or in reported coverage. Round details are not tracked in the Index.

Panache Ventures

In the newsletter

Sources

Data as of November 10, 2026.

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