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Canary Technologies raised $50M in a Series C funding round led by Insight Partners to accelerate AI guest technology in hospitality.

Jun 12, 2024about 1 year ago

Amount Raised

$50 Million

Round Type

series c

San FranciscoHospitalitySoftware

Investors

Commerce VenturesY CombinatorThayer VenturesF Prime CapitalInsight Partners

Description

Canary Technologies, the global leader in hotel guest management technology, announced the closing of a $50 million Series C funding round. The round was led by global software investor Insight Partners, with participation from existing investors F-Prime Capital, Thayer Ventures, Y-Combinator, and Commerce Ventures.

Company Information

Company

Canary Technologies

Location

San Francisco, California, United States

About

Canary Technologies is a hospitality technology company founded in 2018 by lifelong friends and industry veterans Harman Singh Narula and SJ Sawhney, with a mission to redefine the guest experience through intuitive, guest-centric solutions. Serving hotels of all sizes—from boutique properties to major global brands—Canary provides a unified platform that streamlines operations and enhances every step of the guest journey, from pre-booking to checkout, helping modernize the hospitality industry with seamless, digital-first tools.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech