# CoLab Software Earns Second Straight Deloitte Fast 50 Spot at No. 23 on 1,075% Revenue Growth

> CoLab Software ranked No. 23 on Deloitte Canada's 2026 Technology Fast 50 with 1,075% revenue growth from 2022 to 2025.

- Published: 2026-10-28T18:24:36+00:00
- Section: Business
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-28/colab-deloitte-fast-50-ranking
- Source: [Business Wire](https://www.businesswire.com/news/home/20261028162259/en/)

## Key takeaways

- CoLab Software ranked No. 23 in Deloitte Canada's 2026 Technology Fast 50 program, its second consecutive year on the list.
- CoLab posted 1,075% revenue growth from 2022 to 2025 and now has more than 250 employees.
- The 2026 Fast 50 cohort averaged 3,079% growth, up more than 450 percentage points from last year.

CoLab Software ranked No. 23 in the Technology Fast 50 category of Deloitte Canada's 2026 Technology Fast 50 program, its second consecutive year on the list, on revenue growth of 1,075% from 2022 to 2025. [Business Wire](https://www.businesswire.com/news/home/20261028162259/en/) published the announcement on October 28, 2026.

## CoLab's Second Straight Fast 50 Placement

[CoLab Software](https://akta.pro/company-profiles/0000beb/colab-software) builds AI-powered software for mechanical engineering and hardware development teams, and its EngineeringOS platform connects people, data and AI in one collaborative workspace. The company was founded in 2017 and is based in St. John's.

Deloitte's program is in its 29th year and recognizes Canadian technology companies with exceptional revenue growth. This year's cohort averaged 3,079% growth, up more than 450 percentage points from last year and above the 3,000% mark for the first time in recent years.

"CoLab has reached a significant size and scale, and yet we continue to grow rapidly," said Adam Keating, Co-Founder and CEO of CoLab. "In the last year, major AI contracts with global engineering organizations have contributed significantly to that growth."

CoLab has grown to more than 250 employees and has raised $112 million (USD) in venture capital to date. Over the last year it signed a multi-year AI contract with Bombardier and a new global contract with Vestas, and expanded its multi-year agreement with Schaeffler. The company also released generative artifacts, which help manufacturers capture, share and apply engineering knowledge at scale.

[Deloitte](https://akta.pro/company-profiles/0000bae/deloitte) also named Brickeye to the 2026 Technology Fast 50 list for a second consecutive year, citing 425% revenue growth from 2022 to 2025, according to PR Newswire. UniUni ranked No. 1 in Canada's Enterprise—Industry Leaders category in the same program, with 2,143% growth over four years, PR Newswire reported.

## CoLab's Funding and Partnership Record

According to akta.pro [company records](https://akta.pro/company-data), CoLab signed a multi-year, multimillion-dollar agreement with Bombardier Inc. on April 23, 2026 to deploy EngineeringOS across Bombardier's business jet design and manufacturing workflows. The same records show a $72 million Series C in November 2025 led by Intrepid Growth Partners and a $21 million Series B in May 2024 led by Insight Partners.

## Earlier Steps Toward the 2026 Ranking

CoLab announced a new global contract with Vestas to accelerate supplier collaboration and standardize design reviews, moving reviews into CoLab's Portals, Financial Post reported in October 2026. In September 2026, CoLab announced generative artifacts and a generative CAD product launch planned for the first half of 2027, FinancialContent Business Page reported. CoLab introduced an AI capability to generate and refine engineering documents such as Design Failure Mode and Effects Analyses, Assemblymag reported in October 2026.

## CoLab's Generative CAD Timeline

CoLab's generative CAD product is slated to launch in the first half of 2027, following the release of generative artifacts, according to FinancialContent Business Page.

## Companies in this story

- [CoLab Software company profile](https://akta.pro/company-profiles/0000beb/colab-software) · website: https://www.colabsoftware.com
- [Deloitte company profile](https://akta.pro/company-profiles/0000bae/deloitte) · website: https://www2.deloitte.com

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