Canopy Platform

Remote device management for connected product fleets

Atlanta, United States · Founded 2013 · $124.2M raised

Headquarters
Atlanta, Georgia
Founded
2013
Business Model
SaaS
Total Funding
$124.2M
Last Round
$70.0M Series CMay 2025
Rounds
4

About

Canopy is an enterprise-scale remote device management (RDM) platform that enables businesses to monitor, manage, and maintain connected product fleets such as kiosks, digital signage, point-of-sale terminals, security systems, and smart lockers. Founded in 2013 by Steve Latham and Webb Morris as Banyan Hills Technologies, the company evolved from consulting work into a pure-play SaaS platform, retiring the Banyan brand in 2023 to fully embrace the Canopy identity. The platform integrates deeply with every hardware and software component of a connected product, providing real-time visibility, automated issue resolution, and proactive downtime prevention across large-scale deployments. Canopy serves enterprise customers including NCR, Dell, AT&T, and Ricoh, and was named to the Inc. 5000 list of fastest-growing American companies in 2024.

Summary

Canopy Platform is an IoT company based in Atlanta, United States, founded in 2013. It has raised $124.2M in total across 4 rounds, most recently a $70.0M Series C round in May 2025. Investors include Viking Global, Ten Coves Capital and Ankona Capital.

Tech & App Stack

9 technologies & apps tracked

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Funding History

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Series CSeries CMay 2025
$70.0M

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Investors

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