Canary Technologies, a leading provider of guest management solutions for hotels, has successfully raised £50 million in its latest Series C funding round, bringing the company’s total funding to nearly £100 million. This marks a significant milestone in its mission to revolutionize the hospitality industry with innovative AI solutions.
Insight Partners, a prominent global software investor that also led Canary’s Series B funding in 2022, spearheaded the funding round. Existing investors including F-Prime Capital, Thayer Ventures, Y-Combinator, and Commerce Ventures also participated in this latest round, demonstrating continued confidence in Canary’s growth potential and the value of its offerings in the market.
With a strong presence in the hospitality industry, Canary collaborates with over 20,000 hoteliers worldwide, including renowned brands such as Wyndham, Marriott, Hilton, and Four Seasons. The company’s solutions are designed to streamline guest engagement processes, from post-booking to checkout, by digitizing operations and eliminating paper-based workflows. This not only enhances operational efficiency and revenue generation but also elevates the overall guest experience while mitigating risks related to chargebacks and payment fraud.
According to Harman Singh Narula, co-founder and CEO of Canary Technologies, “AI is reshaping our way of life, work, and travel. Canary is at the forefront of delivering advanced AI solutions tailored for the hospitality industry, empowering hoteliers to optimize operations, enhance efficiency, and elevate the guest experience.” He further emphasized the company’s commitment to meeting the increasing demand for innovative products and extending partnerships with existing investors.
Similarly, SJ Sawhney, president and co-founder of Canary Technologies, affirmed the company’s dedication to modernizing hotel tech infrastructure to deliver exceptional guest experiences. The funding secured will be instrumental in furthering the development of a highly skilled team focused on innovation and accelerating the company’s strategic roadmap. With the successful deployment of Canary AI in some of the largest enterprise hotel brands, the company is poised to enhance its AI capabilities and expand its application across the industry.
Canary Technologies’ remarkable achievement in raising £50 million underscores its position as a trailblazer in leveraging AI to revolutionize guest engagement in the hospitality sector. As the company continues to advance its innovative solutions, it is well-positioned to shape the future of hospitality technology and set new benchmarks for guest satisfaction and operational excellence.