Local tech company raises $21 million to help hardware engineering teams

  • 📰 NTVNewsNL
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 59%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

CoLab Software, a technology company building collaboration solutions for mechanical engineering and hardware development teams, announced $21M USD in Series B funding. Insight Partners led the round, with participation from existing investors, including Y Combinator, Killick Capital, and Pelorus VC.

Posted: May 25, 2024 9:18 am With so much interest from existing investors, the round was fully subscribed and CoLab will not take on any new investors.

The funding will be used to reach new customers and accelerate development of technology, including artificial intelligence. CoLab will also invest in expanding relationships with existing customers, an effort that has proven very successful so far, with 158% net revenue retention in the last 12 months.

CoLab will also expand its team, adding 30-40 new roles at headquarters in St. John’s, Newfoundland and remotely across Canada and the United States. This will include three key executive hires: a VP of Sales, VP of Customer Success, and VP of People.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 54. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Local tech company raises $21 million to help hardware engineering teamsCoLab Software, a technology company building collaboration solutions for mechanical engineering and hardware development teams, announced $21M USD in Series B funding. Insight Partners led the round, with participation from existing investors, including Y Combinator, Killick Capital, and Pelorus VC.
Bron: NTVNewsNL - 🏆 54. / 59 Lees verder »