What You Should Know
– Canopy, the category leader in connected safety platforms, has closed a $22M Series B funding round led by 111° West Capital and ACME Capital.
– As workplace violence in healthcare has surged 63% over the last five years, Canopy has rapidly scaled its “Location ID” network to protect over 300,000 healthcare workers across 60 major U.S. systems, providing a unified infrastructure for both staff safety and operational intelligence.
The Safety-First Pivot: Solving the RTLS Complexity Problem
Historically, Real-Time Location Systems (RTLS) and asset tracking projects have struggled with high costs and low clinician trust. Canopy has bypassed these hurdles by leading with safety as a fundamental requirement.
- Clinical Trust: By addressing the urgent need for discreet duress alerts first, Canopy has achieved “fast, universal adoption” that traditional tracking tools lack.
- Immediate ROI: At University of Michigan Health-Sparrow, the system managed 18 incidents in its first six days of operation, providing immediate proof of value to frontline staff.
- Enterprise Scale: The platform now spans more than 1,200 buildings, including parking structures and outpatient centers, moving beyond the traditional four walls of the acute care unit.
Beyond Protection: The Launch of Canopy ‘Find’ and ‘Track’
With $22M in new capital, Canopy is evolving from a duress system into a comprehensive operational intelligence platform.
- Canopy Find: Aimed at improving patient experiences and staff throughput by providing real-time situational awareness.
- Canopy Track: Leverages the existing location-aware network to automate asset management and workflow optimization without the “complexity and unreliability” of legacy RTLS.
Infrastructure vs. Point Solutions
Many “safety apps” are point solutions that fail in high-stakes environments. Canopy’s differentiator is its proprietary Location ID network, which serves as the “backbone” for multiple operational tools. The 2026 market is moving away from “tracking things” and toward “protecting people.” With the backing of veterans behind Vocera and TigerConnect, Canopy is positioning safety as the foundation upon which all other hospital connectivity must be built.
“From the beginning, we saw safety not just as a workforce issue, but as fundamental to quality care delivery,” said Shan Sinha, CEO, and Co-Founder of Canopy. “By building our foundation on safety—the most critical requirement for a high-functioning healthcare environment—we’ve created the Location Intelligence platform that many leading health systems now rely on. This funding validates that approach and enables us to scale responsibly.”
