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Project Canary
ESG data for oil and gas
- 101-200 employees
- B2B
- Big data
- Social Impact
- Environmental
- Data Sharing
- LoDo, Denver, CO
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Company mission
To alter the course of climate change.
18% employee growth in 12 months
Our take
Many countries across the world are making huge efforts to reduce carbon emissions with clean and renewable energy, but natural gas will continue to be used in energy grids for many decades to come. The challenge is to find smarter, cleaner and more efficient ways of handling usage of natural gas to reduce its environmental impact.
Project Canary produces gas emission monitoring technology created in order to provide accurate and granular ESG data to suppliers. This will ensure that natural gas remains a viable long-term option even as zero carbon targets are enforced. So far Project Canary has had remarkable success, with over 1700 of its devices deployed with 60 customers, carrying out more than 750 million measurements a month.
Whilst many startups aim to deliver tectonic shifts in environmental tech in a bid to reduce carbon emissions, Project Canary has taken a more grounded approach by optimizing energy infrastructure that is already in use. By providing industries and governments with the required tools to measure gas usage within a localized area, continued safe and transparent consumption of gases will be able to continue as the world transitions to greener energy production.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Full coverage of health, dental, and vision insurance (low deductibles)
- Monthly Flex Choice stipend – choice between free parking, free RTD, wellness assistance or a combination
- Unlimited PTO (minimum rule of taking at least 3 weeks off in a year)
- 401K company match (no vesting period)
- Stock options
- Student loan assistance
- 12 weeks of fully paid parental leave (gender neutral) including adoptions
Company values
- Growth for Good
- Challenge the Status Quo
- Keep It Real
- Own It Together
- Enjoy the Ride
Funding (2 rounds)
Feb 2022
$111m
SERIES B
Apr 2021
$10m
SERIES A
Total funding: $121m
This company has top investors
Leadership
William Foiles
(COO)They spent 3 years as a Research Associate at Bloomberg before working as a Goldman Sachs Investment Banking Associate. They left this position after under a year to co-found Project Canary in July 2019.
Chris Romer
(CEO)Having studied at Stanford, they spent 6 years at JPMorgan Chase and worked as a Colorado State Senator before founding American Honors. They co-founded Guild Education in 2015 before founding Project Canary with William in 2019.