St. John’s-based CoLab Software, which makes advanced design and manufacturing collaboration software, has closed a $2.7 million financing round following its participation in Silicon Valley’s prestigious Y Combinator accelerator.
The company, whose software allows industrial designers and manufacturers to collaborate on 3D models online, also announced that it will release version 2.0 of its software this month. CoLab’s original product supported collaboration during the design phase, and the new version will move into the manufacturing phase.
CoLab Co-Founders Adam Keating and Jeremy