Project Canary
Techstars '20Denver, 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.


Investors · 14
How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Energy Impact Partners's portfolio page · a partner's Signal profile · funding news · projectcanary.com · the VCSheet dataset · research · prnewswire.com · Not right? Tell us
How we know: Insight Partners's portfolio page · projectcanary.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: esgnews.com · Not right? Tell us
Also in the syndicate · 6
Funding
SEC filings, press & company announcements$111M disclosed across 1 of 2 rounds · 2021–2022
- $111MSeries BFeb 2022 · 3 sources
Insight Partners (lead), Brookfield Growth, Canada Pension Plan (CPP) Investment board, Canada Pension Plan Investment Board, Canada Pension Plan Investment Board (CPP Investments), Carica Sustainable Investment, Carica Sustainable Investments, Energy Impact Partners, Frontier Venture Capital, Quantum Energy Partners
Source ↗ - Undisclosed amountSeries AApr 2021
Energy Impact Partners (lead), Global Reserve Group (lead), Quantum Energy Partners (lead)
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Sep 2026Project 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 reportedCompany-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 filingsRepositioned the platform as an operational intelligence solution that converts methane signals into prioritized field actions rather than compliance reporting alone.
Expanded the platform beyond oil & gas with a dedicated utilities solution for methane management across gas distribution networks.
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.
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 ↗
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 ↗
Launched with integrated methane sensors and software for operator measurement and early regulatory needs.
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
- Project Canaryprojectcanary.com · web
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.







