CoLab Secures $5.6M for AI Project

St. John’s-based CoLab Software has received $5.6 million in funding from two offshore oil projects to help develop its new artificial intelligence and machine learning tool.
The company, whose software supports collaborative 3D design and review, held an event in St. John’s on Wednesday to announce the funding from the Hibernia and Hebron Projects. This cash infusion will fund about 60,000