Project Canary

Project Canary is a public-benefit corporation that operates as a SaaS-based data analytics company, concentrating on environmental performance for emissions-intensive industries. Founded in Denver, Colorado, in 2018 by Chris Romer, William Foiles, and Dr. Anna Scott, the company aims to mitigate climate change by providing measurement data that helps companies reduce their emissions.

The founding team's expertise directly shaped the company's direction. Chris Romer brought experience from public finance at JPMorgan and as a Colorado state senator, where he focused on energy policy. His background in finance, policymaking, and entrepreneurship, including co-founding Guild Education, was instrumental in establishing Project Canary's mission. William Foiles, now Co-CEO, contributes a background in energy finance and data acquisition technologies, holding an MBA and an MS in Environment and Resources from Stanford. Dr. Anna Scott, an atmospheric scientist with a Ph.D. from Johns Hopkins University, founded an environmental monitoring company, Troposphere, which was later acquired by Project Canary, where she now serves as Chief Science Officer.

Project Canary's core business revolves around its emissions data management platform, which aggregates data from various sources—including its proprietary continuous monitoring sensors, third-party sensors, OGI cameras, and satellites—to provide actionable insights. The company serves clients primarily in the oil and gas sector, helping them manage emissions risk, comply with regulations like the EPA's Subpart W and OGMP 2.0, and facilitate leak detection and repair. Revenue is generated through a SaaS model, providing clients access to its platform and analytics. The company has secured significant funding, including a $10 million Series A round in 2021 and a $111 million Series B round in 2022, to scale its solutions and expand into new markets like agriculture and landfills.

The company's product suite includes the Canary Carbon Portal, a platform for managing and reporting GHG emissions, and continuous monitoring hardware that provides real-time, facility-level data. This allows for precise, verifiable environmental action, moving beyond estimations to actual measurements. Project Canary also offers a TrustWell certification, an independent rating system for facilities based on environmental performance metrics like methane emissions and water usage. This service enables commodity buyers to verify the environmental credentials of energy producers, creating a market for responsibly sourced gas.

Keywords: emissions data management, methane monitoring, ESG data, environmental assessment, climate tech, continuous emissions monitoring, GHG reporting, responsibly sourced gas, leak detection and repair, enterprise emissions data, SaaS, environmental performance, oil and gas technology, air quality monitoring, emissions certification, climate solutions, carbon portal, environmental risk, decarbonization data, methane reduction, fugitive emissions, emissions intelligence, energy transition