Canary Technologies, a company that offers guest management solutions for hotels, has recently raised $50 million in a Series C funding round. This brings their total funding to nearly $100 million. Insight Partners, who also led the company’s Series B funding round in 2022, was the lead investor for this latest round. F-Prime Capital, Thayer Ventures, Y-Combinator and Commerce Ventures also participated in the funding.
Working with over 20,000 hoteliers worldwide, Canary Technologies provides solutions to digitize processes from post-booking through checkout. The company aims to eliminate paper processes and increase efficiency, boost revenue and enhance the guest experience while reducing chargebacks and payment fraud. They are currently deploying one of the largest rollouts of guest-facing artificial intelligence technology ever seen in the hospitality industry.
Harman Singh Narula, co-founder and CEO of Canary Technologies expressed excitement about the transformative impact that AI is having on the hospitality industry. He stated that this funding milestone reflects the team’s hard work and the positive impact that Canary is creating for hoteliers including some of the world’s largest enterprise hotel brands. SJ Sawhney, president and co-founder of Canary Technologies reiterated their commitment to helping hoteliers modernize their tech stack for enhancing guest experiences. The funds will be used to build a world-class team focused on innovation and to accelerate their ambitious roadmap. With Canary AI already implemented in major hotel brands they plan to further enhance their AI capabilities and expand its use across the industry.
In conclusion, Canary Technologies has raised $50 million in a Series C funding round bringing their total funding close to $100 million. The company serves hotels aligned with popular brands such as Wyndham, Marriott and Hilton among others providing solutions to digitize processes from post-booking through checkout aiming to improve efficiency and guest experience while reducing chargebacks and payment fraud. Harman Singh Narula expressed excitement about the transformative impact that AI is making on hospitality industry while SJ Sawhney reiterated their commitment towards helping hoteliers modernize their tech stack for enhancing guest experience.
