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- Canary Technologies
Canary Technologies Valuation, Funding & Investors
Canary Technologies is valued at $600M as of June 2025.
Last Canary Technologies valuation
$600M
Series D · Jun 2025
Last Canary Technologies funding round
$80M
Series D · Jun 2025
Cumulative funding Canary Technologies raised
$177M
across 5 funding rounds
Key investors in Canary Technologies
Y Combinator
F-Prime
Commerce Ventures
Thayer Ventures
Insight Partners
Pioneer Fund
About Canary Technologies
Canary Technologies is a provider of hospitality software replacing paper processes with digital tools for reservations, payments, and guest messaging. Used by hotels across the U.S., the platform offers analytics on occupancy and revenue, integrating with property management systems like Opera and Salesforce. Canary streamlines check-ins and upsells, serving chains and independents in 50 states.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$600M (Jun 2025)
Canary Technologies Valuation
Canary Technologies is currently valued at $600M, based on its Series D in June 2025.
The $80M round was led by Brighton Park Capital, with participation from Thayer Ventures, Y Combinator, F-Prime, Commerce Ventures and Insight Partners.
Canary Technologies valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2025 | Series D | $600M |
Canary Technologies Funding History
Canary Technologies has raised a total of $177M across 5 funding rounds.
Canary Technologies' first fundraising round was a $2M seed round in August 2018. The most recent completed round was a $80M Series D in June 2025.
Canary Technologies funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2025 | Series D | Brighton Park Capital (lead); Thayer Ventures; Y Combinator; F-Prime; Commerce Ventures; Insight Partners | $80M | $600M | Canary Technologies is a San Francisco-based hotel guest management platform founded in 2018 by Harman Singh Narula and SJ Sawhney. The company provides a centralized digital platform designed to help hoteliers automate workflows, simplify guest interactions, and boost revenue through AI-powered solutions. Its product suite encompasses the entire guest journey from booking to departure, including mobile check-in, text-to-front-desk services, and AI-powered guest engagement tools. In June 2025, Canary Technologies closed an $80 million Series D funding round led by Brighton Park Capital, with participation from existing investors Insight Partners, F-Prime Capital, Thayer Ventures, Y Combinator, and Commerce Ventures. This Series D round valued the company at approximately $600 million post-money. The funding announcement came one year after a Series C round that raised $50 million, bringing Canary's total funding to approximately $180 million. The company has demonstrated significant traction in the hospitality sector. Canary supports more than 20,000 hotels across more than 100 countries and has secured major partnerships with leading hotel brands including Marriott, Wyndham, Best Western, Aimbridge Hospitality, and TUI Hotels & Resorts. In the months preceding the Series D close, Canary introduced new AI products including AI Voice (a suite of hotel assistants for managing calls and bookings) and AI Webchat (a virtual guest services agent). Canary positions itself as a category leader in AI-powered guest-facing hotel technology. The funding round emphasizes the company's unprecedented scale and growth within the travel and hospitality sector, with proceeds designated to accelerate global expansion and AI innovation as demand for AI-powered guest engagement solutions rises across the hospitality industry. |
| Jun 2024 | Series C | Insight Partners (lead); Thayer Ventures; Y Combinator; Derive Ventures; F-Prime; Commerce Ventures | $50M | - | Canary Technologies is a San Francisco-based provider of hotel guest management technology, offering AI-powered solutions to digitize and automate guest interactions, including tools like AI Voice and Webchat for managing calls, bookings, and operations. The company, founded in 2018 by Harman Singh Narula and SJ Sawhney, serves over 20,000 hotels in more than 100 countries, with partnerships including Wyndham, Marriott, Hilton, Four Seasons, Best Western, Aimbridge Hospitality, and TUI Hotels & Resorts. On June 12, 2024, Canary closed a $50 million Series C round led by Insight Partners, with participation from F-Prime Capital, Thayer Ventures, Y Combinator, and Commerce Ventures, bringing total funding to nearly $100 million. Investors highlighted Canary's strong performance amid a tough tech market. Subsequently, on June 12, 2025, Canary raised an $80 million Series D led by Brighton Park Capital, with the same existing investors, achieving a post-money valuation of approximately $600 million and total funding near $180 million. Funds supported global expansion and AI innovation following major partnerships and product launches. Canary positions itself as a leader in hospitality AI, emphasizing enterprise-grade solutions for revenue boost and guest experience enhancement amid rising AI demand in the sector. |
| Oct 2022 | Series B | Insight Partners (lead); Thayer Ventures; Y Combinator; F-Prime; Acronym Venture Capital; Commerce Ventures; Pioneer Fund | $30M | - | Canary Technologies raised $30 million in its Series B funding round on approximately October 27, 2022, led by Insight Partners with participation from F-Prime Capital, Y Combinator, Thayer Ventures, Commerce Ventures, and others, bringing total funding to $45 million to date. The company provides a platform for hotels to modernize guest management with digital features including contactless check-in and check-out, guest messaging, upsells, tipping, digital authorizations, and digital contracts. It serves thousands of hotels in over 75 countries, with clients such as Four Seasons, Best Western, Rosewood Hotels, and Radisson. The funding was intended for hiring, strengthening the platform, and global expansion to help hotel operators deliver better guest experiences and streamline operations amid evolving lodging demands. Founded in 2016 and based in California with offices in San Francisco and New York, Canary Technologies focuses on agile, cloud-based, PCI-compliant tools to improve antiquated hotel workflows and enhance guest experiences by digitizing paper processes. Later rounds included a $50 million Series C approximately 12 months before June 2025 and an $80 million Series D in June 2025 led by Brighton Park Capital, valuing the company at approximately $600 million at that time. Canary has since launched AI products like AI Voice and Webchat, partnered with major chains including Marriott, Wyndham, Aimbridge Hospitality, and TUI Hotels & Resorts, and been recognized on Deloitte's Fast 500 for rapid growth. The company positions itself as a leader in hospitality AI, emphasizing enterprise-grade solutions for smarter operations, personalized guest experiences, and revenue growth through automation and data insights. |
| Feb 2022 | Series A | F-Prime (lead); Thayer Ventures; Gokul Rajaram; Y Combinator; Acronym Venture Capital; Commerce Ventures | $15M | - | Canary Technologies raised $15 million in Series A funding on February 24, 2022, led by F-Prime Capital, with participation from Y Combinator, Thayer Ventures, Commerce Ventures, Acronym Capital, and Gokul Rajaram. This brought the company's total fundraising to $17 million at the time. The funding aimed to modernize the hotel tech stack, accelerate growth, and support global market penetration with its fully mobile web end-to-end Guest Management System. The company, founded to digitize antiquated paper-based processes in hospitality, provides solutions to boost hotel revenue and improve guest experiences. The pandemic accelerated demand for Canary's platform, positioning it to transform guest management. |
| Aug 2018 | Seed | Oyster Ventures; Y Combinator; Pioneer Fund | $2M | - | - |
Who has invested in Canary Technologies?
11 investors have backed Canary Technologies across its funding rounds, including Y Combinator, F-Prime, Commerce Ventures, Thayer Ventures, Insight Partners and Pioneer Fund.
Lead investors include Brighton Park Capital, Insight Partners and F-Prime.
Canary Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Participant | Aug 2018 | ||
| 4 | Participant | Feb 2022 | ||
| 4 | Lead | Feb 2022 | ||
| 4 | Participant | Feb 2022 | ||
| 3 | Lead | Oct 2022 | ||
| 2 | Participant | Feb 2022 | ||
| 2 | Participant | Aug 2018 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Feb 2022 | ||
This data is available for Pro users. Sign up to see all 11 Canary Technologies investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Canary Technologies
Canary Technologies has acquired 1 company to date.
Last acquisition by Canary Technologies was on February 3rd 2026. Canary Technologies acquired OpenKey for undisclosed valuation.
Latest Acquisitions by Canary Technologies
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 3 Feb 2026 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Canary Technologies acquisitions and their M&A valuation multiples. Start Free Trial | |
Canary Technologies Competitors
Canary Technologies competitors include listed companies like SiteMinder and LES Info, and private ones like Scapia, FLYR, GreenCloud and Guesty.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $189M | $17M | $554M | 2.7x | ||
| Private | $3M | - | $500M | - | ||
| Private | - | - | $800M | - | ||
| Private | $39M | - | $406M | 10.4x | ||
| Publicly listed | $190M | $10M | $895M | 3.8x | ||
| Private | $100M | - | $900M | 9.0x |
Canary Technologies Public Comps
Canary Technologies is still privately-owned, but its public comps include SiteMinder, Rank Group, Kambi Group, Gloo, Vista Group, PhilWeb, Pollard Banknote, LES Info, Ainsworth Game Technology and Sabre.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $189M | $17M | 2.9x | 2.7x | 31.1x | 22.9x | |||
| $1.1B | $156M | 0.7x | 0.7x | 4.8x | 4.1x | |||
| $187M | $55M | 2.5x | 2.3x | 8.4x | 7.1x | |||
| $95M | ($136M) | 5.0x | 3.0x | (3.5x) | (11.4x) | |||
| $94M | $5M | 4.2x | 3.8x | 85.8x | 20.8x | |||
| $11M | ($1M) | 31.7x | - | (284.9x) | - | |||
| $427M | $81M | 1.1x | 1.0x | 5.6x | 5.2x | |||
| $190M | $10M | 4.1x | 3.8x | 76.1x | 47.7x | |||
This data is available for Pro users. Sign up to see all Canary Technologies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Canary Technologies
| When was Canary Technologies founded? | Canary Technologies was founded in 2017. |
| Where is Canary Technologies headquartered? | Canary Technologies is headquartered in San Francisco, CA, United States. |
| Is Canary Technologies publicly listed? | No, Canary Technologies is a private, VC-backed company. |
| What is Canary Technologies' valuation? | Canary Technologies was last valued at $600M in its Series D in June 2025. |
| How much funding has Canary Technologies raised? | Canary Technologies has raised $177M across 5 funding rounds. |
| What was Canary Technologies' last funding round? | Canary Technologies' last funding round was a $80M Series D in June 2025, led by Brighton Park Capital. |
| Who are Canary Technologies' investors? | Canary Technologies' investors include Y Combinator, Thayer Ventures, F-Prime, Commerce Ventures, Insight Partners, Acronym Venture Capital, Pioneer Fund, Oyster Ventures, Gokul Rajaram, Derive Ventures and 1 other. |
| Which companies are comparable to Canary Technologies? | Companies comparable to Canary Technologies include SiteMinder, Scapia, FLYR, GreenCloud, LES Info and Guesty. |
| How many companies has Canary Technologies acquired? | Canary Technologies has acquired 1 company, including OpenKey. |
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