About Project Canary
Project Canary is a company based in Denver (United States) founded in 2018 by William Foiles and Chris Romer. Project Canary has raised $121 million across 3 funding rounds from investors including CPP Investments, Brookfield Asset Management and Techstars. Project Canary has completed 2 acquisitions, including Aeris Technologies and Troposphere Monitoring. Project Canary offers products and services including Emissions Data Platform, CanarySENSE, Carbon Portal, and Sensing Devices. Project Canary operates in a competitive market with competitors including AspenTech, Aker Solutions, CSE Global, ComboCurve and SitePro, among others.
- Headquarter Denver, United States
- Founders William Foiles, Chris Romer
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Information International Environmental Standards, Pbc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$121 M (USD)
in 3 rounds
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Latest Funding Round
$111 M (USD), Series B
Feb 24, 2022
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Investors
CPP Investments
& 7 more
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Employee Count
Not available
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Investments & Acquisitions
Aeris Technologies
& 1 more
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Products & Services of Project Canary
Project Canary offers a comprehensive portfolio of products and services, including Emissions Data Platform, CanarySENSE, Carbon Portal, and Sensing Devices.
Integrated system for managing and analyzing emissions data in energy operations
Tool for methane measurement and monitoring in energy assets
Platform for emissions tracking and regulatory submissions
Devices for detecting and quantifying site-level emissions
People of Project Canary
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Funding Insights of Project Canary
Project Canary has successfully raised a total of $121M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $111 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Project Canary
Project Canary has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include CPP Investments, Brookfield Asset Management and Techstars.
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Investment firm scaling software and technology companies from early to late stages.
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Focus is placed on real estate and renewable energy investments.
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Venture capital fund focused on growth-stage startups
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Investor details for Project Canary
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Investments & Acquisitions by Project Canary
Project Canary has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Aeris Technologies and Troposphere Monitoring.
Investment portfolio details for Project Canary
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Manufacturer of cloud-based gas detection systems
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Provider of oil and gas equipment
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Complete acquisition details for Project Canary
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Financial Statements - Project Canary
Detailed financials for Project Canary
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Project Canary Comparisons
Peer comparison for Project Canary
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Competitors of Project Canary
Project Canary operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AspenTech, Aker Solutions, CSE Global, ComboCurve and SitePro, among others.
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AI-based software for manufacturing process optimization is offered.
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Diversified solutions for oil and gas operations are provided worldwide.
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System integration and automation solutions are provided for industrial applications.
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Cloud-based solutions for oil and gas operations are provided.
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Provider of cloud-based software solutions for water and wastewater management
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Detailed competitors of Project Canary
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Latest news on Project Canary
Complete news archive for Project Canary
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Frequently Asked Questions about Project Canary
Project Canary was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Project Canary is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
William Foiles is the current CEO of Project Canary. They have also founded this company.
Project Canary is a funded company, having raised a total of $121M across 3 funding rounds to date.
Project Canary was founded in 2018 in Denver, United States, as a provider of cloud-based solutions for air quality monitoring and emissions detection in upstream and midstream oil and gas sectors. Environmental monitoring is conducted through IoT devices that record emissions in real-time. Offerings include Canary X for methane tracking, Canary S as a solar-powered system for air quality and meteorology, and Suma Canister for gas analytics.
Project Canary's top competitors include AspenTech, SitePro and CSE Global.
Project Canary offers Emissions Data Platform, CanarySENSE, Carbon Portal, and Sensing Devices.
Project Canary has made 2 acquisitions, including Aeris Technologies, and Troposphere Monitoring.
Project Canary has 8 investors. Key investors include CPP Investments, Brookfield Asset Management, Techstars, Quantum, and Insight Partners.