Project Canary is a Climate Adaptation & Risk company founded in 2019 and based in Denver, United States. It has raised $111M in total funding, most recently a Series B in 2022.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Feb 15, 2022 | Series B | $111M | — | Insight Partners |
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A platform pairing on-site continuous methane-monitoring sensors with software that measures, quantifies, and reports greenhouse-gas emissions from oil and gas wellsites, midstream pipelines, natural-gas utilities, and industrial facilities. Real-time data lets operators detect and prioritize leaks, comply with emissions rules, and benchmark performance against peers. The analytics turn raw sensor readings into auditable emissions intensities used for regulatory reporting and corporate disclosure, and feed Project Canary's certification programs. Deployments include continuous-monitoring systems for major gas producers and LNG developers.
An independent certification regime that scores and tracks natural gas from wellhead to burner tip using both quantitative sensor data and qualitative operational metrics covering air, water, land, and community impacts. Certification gives producers a verified environmental rating that buyers, utilities, and LNG offtakers can use to differentiate and price lower-emission 'responsibly sourced' gas. As a public-benefit corporation, Project Canary positions the program as third-party trust infrastructure for emerging differentiated-gas and emissions-disclosure markets, complementing its continuous-monitoring hardware and analytics.
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