Canopy Platform
Remote device management for connected product fleets
Atlanta, United States · Founded 2013 · $54.2M raised
- Headquarters
- Atlanta, Georgia
- Founded
- 2013
- Business Model
- SaaS
- Website
- gocanopy.com
- Total Funding
- $54.2M
- Last Round
- $35.0M Series BMar 2024
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
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 $54.2M in total across 3 rounds, most recently a $35.0M Series B round in Mar 2024. Investors include Ten Coves Capital, Ankona Capital and Kindred Ventures.
Tech & App Stack
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Funding History
Mar 2024
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Funding: Series A through Series B. Amounts, valuations, and investors where available.
Investors
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