Denver environmental tech startup buys a company to expand in California

Denver Business Journal
April 1st, 2022

A Denver-based emissions measurement startup that raised $111 million last month is quickly using the money to expand its reach and add expertise.

Project Canary last week acquired a company in the San Francisco Bay area and has since attracted an ex-governor of Colorado and a former Denver state legislator to the business.

About Project Canary

Project Canary is a SaaS-based data analytics company focused on accurate corporate climate ESG data for emission-intensive industrial companies. We are the leaders in holistic environmental assessments (air, water, land, and community). Project Canary scores responsible operations, delivering independent emission profiles via high-fidelity continuous monitoring technology to provide actionable environmental performance data. Our sensor portfolio includes high-fidelity spectroscopy-based methane detection and emissions quantification for the oil and gas sectors, plus Aeris Technologies’ laser-based gas analyzers covering other emissions, including ethane, nitrous oxide, formaldehyde, ethylene oxide, benzene, and more. Formed as a Public Benefit Corporation, Project Canary’s Denver-based team of scientists, engineers, and seasoned industry operators identify and quantify areas to reduce emissions.

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