by Tina Olivero

    CoLab Software: Joins Airbnb, Dropbox, Reddit in “Y Combinator”

    CoLab Software announced today that it is the first Atlantic Canadian company to be accepted into Y Combinator. The company plans to double the size of its team by year-end to meet growing customer demand.

    Y Combinator is a world-renowned accelerator program with an unparalleled record of successful startups. Previous companies to be accepted into Y Combinator include Airbnb, Dropbox, Reddit, and Twitch. With a portfolio worth over $100B and an acceptance rate of approximately 1.5%, Y Combinator ranks as one of the most competitive and successful accelerator programs globally.

    Y Combinator presents a significant opportunity for CoLab to connect with top global investors and mentors while accelerating the development and growth of the company. Y Combinator will also contribute to CoLab’s seed financing and help acquire new customers.

    “Our mission is to empower engineering teams to build the future faster – Y Combinator is going to accelerate our growth and pair us with some of the brightest and most successful entrepreneurs in the world. We are excited to leverage Y Combinator to provide our customers with industry-leading products while expanding our team and customer base,” says Adam Keating, CEO and Co-Founder at CoLab.

    The acceptance into Y Combinator comes at a time of significant growth for CoLab. While executing a successful beta program in 2018, CoLab raised a $600K pre-seed financing from Killick Capital, Pelorus Venture and Panache Ventures. The company has doubled in size to 14 employees since completing the financing and is now working with some of the largest automotive and industrial companies in the world.

    CoLab developed Gradient, a cloud-based collaboration tool that helps engineering teams streamline the design review process, simplify program management, and resolve issues faster. Gradient’s technology was recently extended to the production floor to provide teams with an integrated Industry 4.0 experience for collaboratively managing issues and sharing lessons learned.

    With plans to onboard a number of industry leaders in the next 6 months, CoLab is expanding their team with open positions in software development, QA, IT/Security, engineering, digital marketing, sales and customer success.




    Tina Olivero

    30 years ago, Tina Olivero looked into the future and saw an opportunity to make a difference for her province and people. That difference came in the form of the oil and gas sector. Six years before there was even a drop of oil brought to the shores of Newfoundland, she founded The Oil and Gas Magazine (THE OGM) from a back room in her home on Signal Hill Road, in St. John’s, Newfoundland. A single mother, no financing, no previous journalism or oil and gas experience, she forged ahead, with a creative vision and one heck of a heaping dose of sheer determination. With her pioneering spirit, Ms. Olivero developed a magazine that would educate, inspire, motivate and entertain oil and gas readers around the world — She prides herself in marketing and promoting our province and resources in unprecedented ways. The OGM is a magazine that focuses on our projects, our people, our opportunities and ultimately becomes the bridge to new energy outcomes and a sustainable new energy world. Now diversifying into the communications realms, a natural progression from the Magazine, The OGM now offers an entirely new division - Oil & Gas Media. Today, The Oil and Gas Magazine is a global phenomenon that operates not only in Newfoundland, but also in Calgary and is read by oil and gas enthusiasts in Norway, Aberdeen, across the US and as far reaching as Abu Dhabi, in the Middle East. Believing that Energy is everyone’s business, Ms. Olivero has combined energy + culture to embrace the worlds commitment to a balance of work and home life as well as fostering a foundation for health and well being. In this era of growth and development business and lifestyle are an eloquent mix, there is no beginning or end. Partnering with over 90 oil and gas exhibitions and conferences around the world, Ms. Olivero's role as a Global Visionary is to embrace communication in a way that fosters oil and gas business and industry growth in new and creative ways.

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