Canopy Raises $22M Series B to Expand Connected Staff Safety & Location Intelligence Platform

The round was led by 111° West Capital and ACME Capital, with participation from all existing investors. The funding comes as Canopy’s platform is deployed across 60 major U.S. health systems, supporting more than 300,000 healthcare workers.

San Francisco-based Canopy has raised $22 million in a Series B funding round to expand its connected safety and location intelligence platform for healthcare systems.

The round was led by 111° West Capital and ACME Capital, with participation from all existing investors. The funding comes as Canopy’s platform is deployed across 60 major U.S. health systems, supporting more than 300,000 healthcare workers.

The company focuses on workforce safety and location-aware infrastructure within hospitals and care facilities. According to Canopy, its platform is currently live across more than 1,200 buildings, including acute care hospitals, outpatient centers, and parking structures. The deployment addresses staff safety use cases, including discreet duress alerts and real-time situational awareness.

Canopy’s growth has been driven by athe doption of its safety-first architecture at a time when healthcare systems are facing rising workplace violence. Industry data cited by the company shows reported incidents of workplace violence in healthcare have increased by 63% over the past five years. Canopy positions its platform as an alternative to traditional real-time location systems (RTLS), which have faced challenges related to cost, deployment complexity, and reliability.

Shan Sinha, CEO and co-founder of Canopy, said the company built its platform around safety as a core operational requirement. “By building our foundation on safety, we’ve created a location intelligence platform that health systems now rely on,” Sinha said.

Health systems currently using the platform include Boston Children’s Hospital, Thomas Jefferson University, and University of Michigan Health–Sparrow. Lisa Abbott, chief human resources officer at Boston Children’s Hospital, said the deployment has supported faster response times and reduced security disruptions. At University of Michigan Health–Sparrow, Canopy’s duress system managed 18 incidents within the first six days of implementation, according to Chris Nemets, regional chief nursing informatics officer.

In addition to funding, Canopy announced the appointment of Bharat Sundaram to its board of directors. Sundaram is currently CEO of Hallmark Healthcare Solutions and has previously held executive roles at Vizient and MedAssets. He has also served on the boards of Vocera and Kaufman Hall.

The Series B capital will be used to expand Canopy’s workforce safety capabilities nationwide and accelerate the rollout of additional operational tools, including Canopy Find and Canopy Track. These tools are designed to support asset visibility and workflow management using the same underlying location infrastructure.

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