Colab secures $21 million in new funding for its collaborative tools for engineers

Two mechanical engineering graduates from Memorial University of Newfoundland, Adam Keating and Jeremy Andrews, have revolutionized the way engineering teams collaborate with their startup, Colab. Tired of using outdated tools like spreadsheets and Powerpoint decks, the duo decided to create a better solution.

During their internships at Tesla and Reflexion Medical, Keating and Andrews observed the inefficiencies in design review processes that led to long cycles, admin work, and issues slipping through the cracks. This experience inspired them to launch Colab, a platform that allows engineers to review design files, capture feedback, and track issues from a single dashboard.

Colab’s tools have already been adopted by major companies like Ford, Johnson Controls, and Schneider Electric. The platform enables multiple engineers and stakeholders to collaborate on designs, streamlining communication and decision-making processes.

While AI is not currently a core feature of Colab, Keating plans to integrate AI models in the near future to help engineers make more informed decisions and automate routine tasks. The company recently secured $21 million in a Series B funding round led by Insight Partners, signaling strong financial growth and potential for further expansion.

With plans to increase their workforce and expand operations to Canada and the U.S., Colab is poised for continued success in the engineering collaboration space. Keating and Andrews’ entrepreneurial spirit and innovative approach have positioned Colab as a game-changer in the industry.