Canary Technologies raised $50M in a Series C funding round led by Insight Partners to accelerate AI guest technology in hospitality.
Jun 12, 2024•about 1 year ago
Amount Raised
$50 Million
Round Type
series c
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.
Funding Insights
Based on industry dataVC-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