Canopy

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Canopy - overview

Established

2019

Location

Palo Alto, CA, US

Primary Industry

Software

About

Based in California, US and founded in 2019 by Shan Sinha (CEO), Vinay Pulim, and Hemanth Meenakshisundaram, Canopy Works, Inc. also known as Canopy focuses on developing safety technologies tailored for healthcare environments. In January 2026, Canopy raised USD 22 million in series B funding co-led by 111 West Capital and ACME Capital. Canopy specializes in providing a comprehensive Connected Safety Platform, which includes a suite of reliable, wearable safety technologies designed specifically for healthcare environments.


The core offerings encompass products that ensure immediate, discreet assistance for staff across hospitals, outpatient clinics, and community health settings. The system operates via a silent alert button that connects users to help without escalating situations, ensuring that personnel receive timely support during emergencies. The technology features extensive coverage both indoors and outdoors, with real-time location alerts enabling coordinated responses from security and nearby staff. Canopy generates revenue through a subscription-based model, where healthcare organizations pay for the deployment and ongoing support of its Connected Safety Platform.


This model includes comprehensive services such as implementation, training, and 24/7 monitoring, which are essential for ensuring the platform's effectiveness and continuous operation. The transactions typically occur between Canopy and institutional clients, including hospitals and health systems, creating long-term partnerships focused on enhancing staff safety and operational efficiency. Pricing structures may vary based on the specific needs of each healthcare provider, corresponding to the number of users and the complexity of the integration required. Flagship products, such as Canopy Protect and Canopy Go, form the backbone of these transactions, offering tailored solutions to address the specific safety challenges faced by healthcare professionals.


The company plans to use the January 2026 funding to support scale its healthcare safety platform.


Current Investors

ACME Capital , 111 West Capital

Primary Industry

Software

Sub Industries

Healthcare IT, Medical Software

Website

www.canopyworks.com

Verticals

Cloud Computing, HealthTech

Company Stage

Series B

Total Amount Raised

Subscriber access only

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.