Canary Technologies Secures $80 Million In Series D Funding Led By Brighton Park Capital
Building Size
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Asset Type
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Closing
Jun 13, 2025
About this deal
AI
Canary Technologies has raised $80 million in a Series D funding round led by Brighton Park Capital, with participation from Y Combinator, Insight Partners, and Fidelity. This funding will help enhance the company's guest management platform used by over 20,000 hotels across more than 100 countries to digitize guest interactions, such as mobile check-in and AI-powered concierge services.
Summary of transaction details:
- Deal Type: Series D
- Transaction Amount: $80,000,000
- Notable Investors: Brighton Park Capital, Y Combinator, Insight Partners, Fidelity
- Total Capital Raised: Nearly $180 million
- Founders: Harman Singh Narula, SJ Sawhney
- CEO: Harman Singh Narula
- Headquarters: San Francisco
Founded in 2018, Canary Technologies aims to improve the guest experience while maintaining the unique branding of each hotel. With this latest round of funding, CEO Singh Narula plans to expand the team and enhance the platform’s AI capabilities.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93