/Companies

Project Canary

Techstars '20

Denver, US · Founded 2018 · 71 employees on LinkedIn · 14 known investors

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Project Canary develops a software platform and high-fidelity methane sensors that help oil & gas and utility operators detect and manage methane emissions across their assets. The company turns dispersed sensor, aerial, and satellite data into actionable operational insights for regulatory compliance and emissions reduction.

Also known as Canary

Founders & leadership

Project Canary was founded in 2018 by William Foiles and Chris Romer.

WFWilliam Foiles
William FoilesChief Executive Officer, Co-FounderWilliam Foiles is co-founder and CEO of Project Canary, which develops methane detection and monitoring software for oil & gas and utility operators. He holds an MBA from Stanford Graduate School of Business and an MS from Stanford's School of Earth, Energy & Environmental Science, with training in financial analysis and energy markets.
CRChris Romer
Chris RomerCo-FounderChris Romer is founder of Project Canary, which develops methane sensors and analytics software for oil and gas and utility operators. Previously, he was a Colorado state senator (2006–2010) focused on energy and education policy, co-founder of Guild Education and American Honors, and spent over two decades in public finance banking at JPMorgan and Citibank covering energy and infrastructure sectors.

Investors · 14

Also in the syndicate · 6

Brookfield GrowthCanada Pension Plan (CPP) Investment boardCanada Pension Plan Investment BoardCarica Sustainable InvestmentCarica Sustainable InvestmentsGlobal Reserve Grouplead

Funding

SEC filings, press & company announcements

$111M disclosed across 1 of 2 rounds · 2021–2022

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Sep 2026

Project Canary is a Denver, Colorado company that provides methane measurement and emissions data software for oil & gas operators and natural gas utilities. It began by building high-precision methane sensors deployed in the field, and since 2019 those systems have produced a multi-year methane dataset that underpins the company's analytics and models. Over time the business shifted from hardware alone to a hardware-agnostic software platform that ingests data from continuous sensors, satellites, aircraft flights, SCADA systems and field crews, consolidating it into a single view of methane performance across assets.

The current platform is organized around three functions: unified data (bringing detection, investigation and reporting into one traceable workflow), analytics (quantifying and interpreting methane signals to surface trends, root causes and performance issues), and operational insights (translating findings into prioritized work and closed-loop detection-to-verified-repair workflows). Product lines are segmented for oil & gas — unified measurement, connected leak detection and repair (LDAR) workflows, and emissions reporting aligned to OGMP 2.0 and EPA Subpart W, aimed at upstream and midstream operators — and for utilities, covering mobile leak detection, LDAR program management and reporting for gas distribution networks.

Earlier in its history the company positioned itself as an environmental assessment and ESG data provider, offering continuous facility-level emissions monitoring plus its TrustWell certification process for independently verifying responsibly sourced gas (RSG). It also assessed water and other energy supply-chain risk factors, and described itself as a B-Corporation (approval pending) at the time of its 2021 Series A.

Compiled by commissioned research from 9 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Leading operators using the platformJan 202540 operators
Methane measurements collectedJan 20257,000,000,000 measurements
Partners across the energy sector (various stages of contracting)Apr 2021100 partners
Share of U.S. responsibly sourced gas transactions involving TrustWell certificaApr 202185%
TrustWell-certified wells in the U.S.Apr 20215,000 wells
Wells in sales pipelineApr 20211,500 wells

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Related companies · 4

Companies working in the same space as Project Canary.

Timeline · 6

launches, deals, and filings
Oct 2025
Operational intelligence for methane

Repositioned the platform as an operational intelligence solution that converts methane signals into prioritized field actions rather than compliance reporting alone.

source ↗

May 2025
Utilities market launch

Expanded the platform beyond oil & gas with a dedicated utilities solution for methane management across gas distribution networks.

source ↗

Mar 2022
Acquisition of Aeris Technologies

Project Canary acquired Aeris Technologies, a Hayward, California provider of laser-based gas analyzers and leak detection systems, which became a wholly owned subsidiary retaining its operations and employees; the deal extended measurement capability to gases such as ethane, nitrous oxide, formaldehyde, ethylene oxide and benzene and to sectors beyond oil and gas.

source ↗

Feb 2022
$111 million Series B led by Insight Partners

Series B financing to scale emissions measurement solutions and expand into new sectors, led by Insight Partners with Brookfield Growth, CPP Investments, Carica Sustainable Investment and prior investors Quantum Energy Partners, Energy Impact Partners and Frontier Venture Capital.

$111M source ↗

Apr 2021
Series A investment from Quantum Energy Partners, Global Reserve Group and Energy Impact Partners

Quantum Energy Partners, Global Reserve Group and Energy Impact Partners invested $10 million in Project Canary; GRG founder Jeffrey Harris joined the board.

$10M source ↗

Jan 2019
Hardware and software launch

Launched with integrated methane sensors and software for operator measurement and early regulatory needs.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

▸Research sources · 9

primary sources listed

9 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Project Canary do?
Denver-based Project Canary sells methane measurement sensors and software that turn emissions data into operational decisions for energy operators.
Who founded Project Canary?
Project Canary was founded by William Foiles, Chris Romer in 2018.
Who are Project Canary's investors?
Project Canary's investors include Baruch Future Ventures, Energy Impact Partners, Insight Partners, Techstars, The Colorado Impact Fund, CPP Investments, Frontier Venture Capital, Quantum Energy Partners.
How much funding has Project Canary raised?
Project Canary has disclosed $111M raised across 1 of its 2 known rounds.
Where is Project Canary headquartered?
Project Canary is headquartered in Denver, US.