Canopy, the category leader for connected safety platforms in U.S. health systems, today announced the closing of a $22 million Series B funding round. 111° West Capital and ACME Capital led the round, joined by all of Canopy’s existing investors who have watched the company build momentum that is rare in healthcare. The investment backs a critical shift in the market: moving from fragmented point solutions to a single, foundational safety platform that now protects over 300,000 healthcare workers across 60 major U.S. health systems.
The investment, backed by industry veterans behind category-defining companies like Vocera and TigerConnect, arrives as Canopy reaches a critical mass of adoption. The round was oversubscribed, underscoring investor recognition in Canopy’s safety-first architecture as a scalable, category-defining platform.
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The adoption of Canopy’s safety platform has delivered measurable results at leading institutions nationwide, affirming the value of an integrated safety platform that spans people, places, and workflows to deliver meaningful protection today, and a long-term foundation health systems can rely on.
While traditional RTLS (Real-Time Location System) and asset tracking projects often struggle with cost, complexity and reliability, Canopy’s growth has been fueled by immediate, mission-critical utility. By addressing the urgent crisis of workplace violence—which has increased 63%* in healthcare over the past five years—Canopy has successfully deployed its location-aware network across more than 1,200 buildings, including acute care facilities, outpatient centers, and parking structures.
This existing infrastructure—already protecting staff at institutions like Boston Children’s Hospital, Thomas Jefferson University, and University of Michigan Health-Sparrow—now serves as the backbone for Canopy’s expanded suite of operational tools.
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