Project Canary

Project Canary

SaaS-based emissions data analytics platform

About Project Canary

Simplify's Rating
Why Project Canary is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Energy

Enterprise Software

Company Size

51-200

Company Stage

Series B

Total Funding

$121M

Headquarters

Denver, Colorado

Founded

2018

Overview

Project Canary provides a SaaS-based data analytics platform focused on environmental performance for emissions-intensive industries, notably oil and gas. It gathers data from its own continuous monitoring sensors, third-party sensors, OGI cameras, and satellites to deliver real-time, facility-level emissions insights via the Canary Carbon Portal, supporting regulatory compliance with standards like EPA Subpart W and OGMP 2.0, and using hardware for verifiable measurements. The TrustWell independent certification adds a third-party rating of environmental performance to help buyers verify the credentials of energy producers. Its goal is to help customers reduce methane and other emissions, improve ESG reporting, and extend solutions to markets such as agriculture and landfills.

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Simplify's Take

What believers are saying

  • Sniffer Robotics partnership expands methane monitoring into landfills.
  • METEC collaboration validates dispersion simulator across 200+ facilities.
  • AI-ready platform unifies workflows from detection to regulatory reporting.

What critics are saying

  • EPA 2026 rule mandates third-party verification, invalidating self-aggregated data.
  • GHGSat satellites outperform ground sensors, exposing client failures in 6-12 months.
  • Kayrros undercuts SaaS pricing by 40%, stealing oil and gas clients.

What makes Project Canary unique

  • TrustWell certifies facilities with Platinum ratings like POCO's 100% across Colorado wells.
  • Canary Carbon Portal launched June 2024 aggregates multi-source emissions data.
  • Hardware-agnostic platform integrates sensors, satellites, and OGI cameras seamlessly.

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Funding

Total Funding

$121M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$111M
Project Canary

Benefits

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

23%
Waste Today Magazine
Apr 14th, 2025
Project Canary, Sniffer Robotics partner to develop methane emissions monitoring tools

Project Canary, a Denver-based emissions measurement and reporting platform, has partnered with Sniffer Robotics Inc., a drone-based emissions monitoring company, to develop methane emissions monitoring and quantification tools at landfill sites.

CleanTechnica
Jun 25th, 2024
“Certified Gas” Is The Latest Greenwashing Scam From The Methane Industry

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google NewsProducers of methane gas have a problem. What they are selling is a climate-killer 80 times more powerful than carbon dioxide. For many decades, the world has focused on carbon dioxide when planning ways to address global heating. If you read the final reports from the Paris climate conference in 2015, the word “methane” is largely absent from any texts. The result of that historic international meeting was all about reducing carbon emissions, and why not? The world has a nervous eye on the carbon tracker at Mauna Loa, Hawaii, the one that measures the amount of carbon dioxide in the atmosphere

PR Newswire
Jun 13th, 2024
Project Canary Unveils Industry's First Comprehensive Emissions Data Solution

DENVER, June 13, 2024 /PRNewswire/ - Project Canary, a climate tech company focused on enterprise emissions data management, today announced the launch of its 'Canary Carbon Portal', a cutting-edge emissions accounting software solution.

Business Wire
Feb 22nd, 2024
Project Canary And Metec Partner To Improve And Validate Novel Forward Dispersion Simulator

DENVER--(BUSINESS WIRE)--Project Canary, an enterprise emissions intelligence platform that helps energy leaders identify, measure, understand, and act to reduce GHG emissions, and Colorado State University’s Methane Emissions Technology Evaluation Center (METEC) today announced their collaboration to improve and validate a first-of-its-kind web-based high-fidelity dispersion simulator tool to visualize the dispersion of gases released from one or multiple sources and ultimately assist in the quantification of total site emissions. Developed by Project Canary, the simulator uses knowledge gained from approximately a year of controlled release testing and working with operators to quantify emissions at 200+ oil and gas production and midstream facilities throughout North America. The project's goal is to develop accurate and transparent methods for emissions quantification, which are critical to generating credible GHG emissions information in response to the increasing demand by national governments, investors, the market, insurance firms, and society. The tool offers a user-friendly environment to modify a wide range of variables impacting the dispersion of gases, allowing users to observe the impact of pollutant dispersion on concentration levels at user-defined receptor locations. Variables include wind speed, wind direction, site obstructions, atmospheric stability classes, number of sources, and emission rates from different sources

Project Canary
Nov 8th, 2023
All Your Data, All in One Place: Introducing the New SENSE Homepage

Project Canary is excited to announce the launch of a new Canary SENSE homepage that provides some exciting new features.

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