Canary Technologies, a San Francisco, CA-based company which specializes in hotel guest management technology, raised $50M in Series C funding.
The round, which brought the total amount to $100M, was led by Insight Partners, who also led the company’s Series B, with participation from existing investors F-Prime Capital, Thayer Ventures, Y-Combinator, and Commerce Ventures.
The company intends to use the funds to expand operations and its development efforts.
Co-Founded by CEO Harman Singh Narula, and President Satjot “SJ” Sawhney, Canary Technologies empowers the hotel tech stack with its end-to-end Guest Management Platform which digitizing everything from post-booking through checkout. It is used by more than 20,000 hoteliers in 80+ countries, including global brands, such as Marriott International, Four Seasons, Choice Hotels, Wyndham Hotels & Resorts, Rosewood and Intercontinental Hotel Group.
Commenting on the news, Harman Singh Narula said: “This funding milestone is a reflection of the team’s hard work and the immense impact that Canary is making for hoteliers, including many of the world’s largest enterprise hotel brands. We continue to see significant demand in the market for our products and are excited to extend our partnership with existing investors.”
FinSMEs
12/06/2024