Canopy - About the company
Canopy is a series B company based in Palo Alto (United States), founded in 2019 by Shan Sinha, Hemanth Meenakshisundaram and Vinay Pulim. It operates as a Provider of a connected safety platform for healthcare organizations. Canopy has raised $22M in funding from ACME and 111 West Capital. The company has 7582 active competitors, including 216 funded and 617 that have exited. Its top competitors include companies like Fujifilm, Access Healthcare and Heartland Dental.
Company Details
Provider of a connected safety platform for healthcare organizations. The platform offers tools for staff support, real-time alerts, and safety culture improvement. It combines technology, real-time notifications, and service to support staff and help leaders build safety. The platform includes tools for requesting help, widespread coverage, informed response, and end-to-end service. It adapts to the tasks and priorities of each role, offering support.
Key Metrics
Founded Year
2019
Location
Palo Alto, United States
Stage
Series B
Total Funding
$22M in 2 rounds
Latest Funding Round
Ranked
40th among 7582 active competitors
Employee Count
90 as on Oct 31, 2026
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Canopy's funding and investors
Canopy has raised a total funding of $22M over 2 rounds. Its first funding round was on 2025. Its latest funding round was a Series B round on Jan 08, 2026 for $*****. 2 investors participated in its latest round. Canopy has 4 institutional investors.
Here is the list of recent funding rounds of Canopy:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 08, 2026 | 2415902 | Series B | 2808834 | 1833944 | 7273878 | 6306429 |
2025 | 7074 | Series A | 2521 | 5018 | 9627 |
View details of Canopy's funding rounds and investors
Canopy's founders and board of directors
Founder? Claim ProfileThe founders of Canopy are Shan Sinha, Hemanth Meenakshisundaram and Vinay Pulim. Shan Sinha is the CEO of Canopy.
Here are the details of Canopy's key team members:
- Shan Sinha: Co-Founder & CEO of Canopy and founder of 1 other company.
- Hemanth Meenakshisundaram: Co-Founder of Canopy. Contact Info: 1 email address
- Vinay Pulim: Co-Founder & CTO of Canopy. Contact Info: 1 email address
- Shan Sinah: CEO of Canopy. Contact Info: 1 email address
View details of Canopy's Founder profiles and Board Members
Canopy's employee count trend
Canopy has 90 employees as of Oct 26. Here is Canopy's employee count trend over the years:
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Canopy's Competitors and alternates
Top competitors of Canopy include Fujifilm, Access Healthcare and Heartland Dental. Here is the list of Top 10 competitors of Canopy, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of healthcare, electronics, and imaging solutions for various applications | - | 77/100 | ||
2nd | Access Healthcare 2011, Chennai (India), Series A | Provider of revenue cycle management, BPO, IT, and finance and accounting services | $215M | 66/100 | |
3rd | Heartland Dental 1997, Effingham (United States), Acquired | Provider of healthcare consulting services | $1.57M | 65/100 | |
4th | Sagility 2021, Atlanta (United States), Public | Provider of healthcare business process outsourcing, revenue cycle management, and technology solutions | - | 58/100 | |
5th | Performant Financial 1976, Livermore (United States), Public | Provider of recovery solutions for government obligations | - | 57/100 | |
6th | Ilant Health 2022, New York City (United States), Series A | Value-based obesity treatment company focused on increasing access to treatment while reducing total cost of care for employers and payors | $22M | 56/100 | |
7th | Convey Health 2001, Sunrise (United States), Public | Provides healthcare technology and business process outsourcing solutions | - | 56/100 | |
8th | Adeptus Health 2002, Irving (United States), Public | Provider of medical care | $27.5M | 56/100 | |
9th | AmplifyMD 2021, Los Gatos (United States), Series B | Platform connecting specialists, record & flow management, and analytics & optimization services for healthcare providers | $20M | 55/100 | |
10th | Rennova Health 1989, West Palm Beach (United States), Acquired | Provider of software solutions for laboratory diagnostics to the healthcare industry | $8.59M | - | 55/100 |
40th | Canopy 2019, Palo Alto (United States), Series B | Provider of a connected safety platform for healthcare organizations | $22M | 55/100 |
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Canopy's Investments and acquisitions
Canopy has made no investments or acquisitions yet.
Reports related to Canopy
Here is the latest report on Canopy's geography:
News related to Canopy
Media has covered Canopy for a total of 3 events in the last 1 year, 2 of them have been about company updates.
•
Lewiston hospital implements wearable tech to enhance staff safetyMainebiz•Aug 26, 2026•Canopy, St. Mary's Health System
•
Canopy Surpasses 350,000 Lives Protected; Expands Clinical Strategy Team to Accelerate Pre-Escalation InterventionMedia Bulletins•Apr 04, 2026•Canopy
•
Canopy Raises $22M to Expand Healthcare Safety PlatformHIT Consultant•Jan 08, 2026•111 West Capital, Canopy, Acme Capital Market, ACME
•
Canopy Wins Preliminary Injunction Against Commure for IP MisuseHIT Consultant•May 14, 2025•Canopy, Commure
•
Canopy launches Canopy Protect safety solution for hospital workers to summon help when threatened using discrete wearablesNotebookcheck Publishing GmbH•Dec 08, 2023•Canopy
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