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Canopy, Co-Founded by Shan Sinha, Raises $22M in Series B Funding
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Canopy, a San Francisco, CA-based provider of a connected safety platform for U.S. health systems, raised $22m in Series B funding.
The round was co-led by 111° West Capital and ACME Capital, with participation from all existing investors.
The company intends to use the funds to bring its workforce safety technology to every healthcare worker in the country and accelerate the roll out of Canopy Find and Canopy Track, to improve operational efficiency and patient experiences.
Led by CEO and Co-Founder Shan Sinha, Canopy provides a proprietary Location ID network that offers real-time situational awareness and operational intelligence, extending from safety alerts to asset management and workflow optimization. The platform protects healthcare workers by identifying health red flags through a discreet duress system, enabling faster response times for security incidents and general operations.
The company has already protected over 300,000 healthcare workers across 60 major U.S. health systems, including Boston Children’s Hospital, Thomas Jefferson University, and University of Michigan Health-Sparrow, and has deployed its network across more than 1,200 buildings.
In conjunction with the funding, Bharat Sundaram will join the company’s board. Currently the CEO of Hallmark Healthcare Solutions, Sundaram previously served as President and COO of Vizient and President of MedAssets.
With prior board roles at Vocera and Kaufman Hall, he brings deep operational expertise and a proven track record of scaling healthcare technology companies, reinforcing Canopy’s market position.
source[FinSMEs]
The round was co-led by 111° West Capital and ACME Capital, with participation from all existing investors.
The company intends to use the funds to bring its workforce safety technology to every healthcare worker in the country and accelerate the roll out of Canopy Find and Canopy Track, to improve operational efficiency and patient experiences.
Led by CEO and Co-Founder Shan Sinha, Canopy provides a proprietary Location ID network that offers real-time situational awareness and operational intelligence, extending from safety alerts to asset management and workflow optimization. The platform protects healthcare workers by identifying health red flags through a discreet duress system, enabling faster response times for security incidents and general operations.
The company has already protected over 300,000 healthcare workers across 60 major U.S. health systems, including Boston Children’s Hospital, Thomas Jefferson University, and University of Michigan Health-Sparrow, and has deployed its network across more than 1,200 buildings.
In conjunction with the funding, Bharat Sundaram will join the company’s board. Currently the CEO of Hallmark Healthcare Solutions, Sundaram previously served as President and COO of Vizient and President of MedAssets.
With prior board roles at Vocera and Kaufman Hall, he brings deep operational expertise and a proven track record of scaling healthcare technology companies, reinforcing Canopy’s market position.
source[FinSMEs]
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