CoLab today announced it has been named #19 on Deloitte Canada’s 2025 Technology Fast 50™ list, recognizing the 50 fastest-growing Canadian tech companies. Now in its 28th year, the program spotlights companies demonstrating rapid multi-year revenue expansion; this year’s cohort posted an average 2,623% three-year revenue growth, making it one of the most competitive classes to date.
The Fast 50 program evaluates three years of revenue growth. Each participating company must submit audited or reviewed financial statements in order to qualify for the program. Inclusion signals durable momentum, not just a single year spike.
“Building a high-growth startup is tough, and we’ve faced the added challenge that our customers are conservative about adopting new technology,” says Adam Keating, Co-Founder & CEO of CoLab. “I’m incredibly proud of the grit our team has shown over the last eight years to become one of Canada’s fastest-growing tech companies. We achieved this recognition even before launching our first AI agent, AutoReview, this summer — which is now accelerating our momentum. This is truly Day 0 of a new chapter.”
With this recognition, CoLab joins a long line of Canadian scale-ups that have appeared on the Fast 50 and gone on to be household names in tech. Historic lists have featured companies like Shopify and Hootsuite, underscoring the program’s track record of identifying future market leaders.
Although the key criteria for the program is revenue growth, Fast 50 leadership notes that inclusion on the list is also a signal of resilience and a willingness to make bold bets:
“This year’s Technology Fast 50 program winners exemplify how Canada’s tech leaders are rising above external headwinds, demonstrating both resilience and readiness to go big,” said Brendan Cooper, partner and national co-leader for the Technology Fast 50 program at Deloitte Canada, in a release. “With representation across the country these companies are fueling a new wave of growth that will position Canada as a global force in technology and innovation. We’re excited to celebrate their achievements and champion their ongoing success.”
About CoLab
CoLab builds AI-powered software for mechanical engineering and hardware development teams. Its EngineeringOS platform helps engineers make better, faster design decisions by connecting people, data, and AI in one collaborative workspace—capturing expert knowledge as a natural part of day-to-day work. With AI agents built into the platform, CoLab enables teams to apply that knowledge automatically to improve design quality and accelerate product development. Founded in 2017, CoLab is trusted by leading global manufacturers, including GE Appliances, Schaeffler, and Johnson Controls.
About the Deloitte Technology Fast 50™
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. It recognizes business growth, innovation, and entrepreneurship in three distinct categories: Technology Fast 50, Enterprise—Industry Leaders, and Companies-to-Watch. The program also celebrates thriving technology companies in partnership with the North American Technology Fast 500™ program. Program sponsors for 2025 include RBCx, Osler, EDC, CCI, TMX, Lafond and media partner The Globe and Mail. For more information, visit www.fast50.ca.
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I’m incredibly proud of the grit our team has shown over the last eight years to become one of Canada’s fastest-growing tech companies.
