Canary Technologies Rounds Up $50 Million Series C

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Canary Technologies&comma; the global leader in hotel guest management technology&comma; announced today that it has closed a &dollar;50 million Series C funding round&period; The round was led by global software investor Insight Partners&comma; who also led the company&&num;8217&semi;s Series B&comma; with participation from existing investors F-Prime Capital&comma; Thayer Ventures&comma; Y-Combinator&comma; and Commerce Ventures&period; This brings Canary&&num;8217&semi;s total fundraising to date to nearly &dollar;100M&comma; making it one of the top funded hotel technology companies globally&period;<&sol;p>&NewLine;<p>The resounding support from Canary&&num;8217&semi;s current investors underscores the company&&num;8217&semi;s performance and their unwavering confidence in Canary&&num;8217&semi;s growth trajectory&comma; as it continues to solidify its position as the premier provider of enterprise grade hospitality AI solutions&period; Canary is trusted by more than 20&comma;000 hoteliers across the globe including a host of flagship enterprise brands such as Wyndham&comma; Marriott&comma; Hilton&comma; Four Seasons&comma; and others&period;<&sol;p>&NewLine;<p>&&num;8220&semi;AI is transforming the way we live&comma; work&comma; and travel&period; Canary is at the forefront of delivering enterprise-grade hospitality AI solutions that empower hoteliers to streamline operations&comma; boost efficiency and elevate the guest experience&comma;&&num;8221&semi; said Harman Singh Narula&comma; CEO and Co-founder of Canary&period; &&num;8220&semi;This funding milestone is a reflection of the team&&num;8217&semi;s hard work and the immense impact that Canary is making for hoteliers&comma; including many of the world&&num;8217&semi;s largest enterprise hotel brands&period; We continue to see significant demand in the market for our products and are excited to extend our partnership with existing investors&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;In a year that proved tough on growth and execution in the tech ecosystem&comma; we saw Canary thrive and exceed their ambitious targets&comma; prompting us to double down&comma;&&num;8221&semi; said Thomas Krane&comma; Managing Director at Insight Partners&period; &&num;8220&semi;We continue to be impressed with Harman&comma; SJ&comma; and the team&&num;8217&semi;s tenacity and ability to deliver hoteliers the best-in-class solutions they need most&comma; and are honored to be a part of the company&&num;8217&semi;s journey&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Canary is transforming the hotel technology landscape with its award-winning end-to-end Guest Management Platform&comma; and is currently deploying one of the largest rollouts of guest-facing AI technology in hospitality ever&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Canary remains focused on our mission of helping hoteliers modernize their tech stack to deliver the best guest experiences possible&comma;&&num;8221&semi; said SJ Sawhney&comma; President and Co-founder of Canary Technologies&period; &&num;8220&semi;We are thrilled to utilize the funding to continue building a world-class team focused on innovation while expediting our ambitious roadmap&period; With Canary AI already deployed in some of the world&&num;8217&semi;s largest enterprise hotel brands&comma; we look forward to further enhancing our AI capabilities and broadening its use across the industry&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Co-founded by long-time friends and industry veterans&comma; Narula and Sawhney bring years of experience in hospitality and technology to Canary Technologies&period; Narula was previously a member of the Global Strategy team at Starwood Hotels &amp&semi; Resorts and a management consultant at Bain &amp&semi; Company&period; He is a graduate of the renowned Cornell School of Hotel Administration and the Wharton School of the University of Pennsylvania&period; Prior to co-founding Canary&comma; Sawhney led product and technology at Stayful&comma; a booking platform for independent and boutique hotels founded by the former president of Hotels&period;com&period; Sawhney is a serial entrepreneur&comma; having successfully founded multiple venture-backed technology companies over the prior decade&period; He is a graduate of Columbia University&period;<&sol;p>&NewLine;