Latest news with #AIproducts
Hospitality Net
2 days ago
- Business
- Hospitality Net
Canary Technologies Raises $80M to Solidify Its Position as the Hospitality AI Leader and Accelerate Global Reach
Canary Technologies, the award-winning global leader in hotel guest management technology, announced today it has closed an $80 million Series D round of funding to accelerate the company's global expansion as a leader in hospitality AI. Brighton Park Capital led the round, with participation from existing investors: Insight Partners, F-Prime Capital, Thayer Ventures, Y-Combinator and Commerce Ventures. This latest investment brings Canary's valuation to approximately $600 million dollars. This fundraise comes on the heels of a $50M Series C raise announced 12 months ago and caps off an impressive year of growth marked by major partnerships with Best Western, Aimbridge Hospitality, Marriott, Wyndham, TUI Hotels & Resorts, and others. Additionally, Canary unveiled the launch of new cutting-edge AI products, including AI Voice and Webchat. As global demand for AI-powered guest engagement solutions continues to rise, Canary will use the funding to accelerate its rapid expansion. The hospitality industry is entering a new era powered by AI, and we're proud to be at the forefront of that transformation. Through intelligent, enterprise-grade solutions, we're helping hotels run smarter, deliver faster service and create more personalized guest experiences at scale. This latest investment reflects both the extraordinary dedication of the team—whose work is redefining what's possible—and the growing impact Canary is making across the industry. We're energized by the strong demand and excited to expand our partnerships with many of the world's leading hoteliers. Harman Singh Narula, CEO and Co-founder of Canary The announcement builds on Canary's accelerating growth and influence across the hospitality sector. Today, the company supports more than 20,000 hotels in over 100 countries and serves as the enterprise partner of choice for leading global brands, including Marriott, Wyndham, Best Western and many others. Canary has earned consistent recognition from industry experts—named the #1 Guest Experience Platform in consecutive years by HotelTechReport, and recognized by Deloitte, Fast Company and more. This milestone reflects our team's continued commitment to building solutions that elevate the industry. Our AI solutions are crafted in close partnership with customers, purpose-built for hospitality, and deeply inspired by hoteliers' day-to-day workflows. When our hotel partners dream of better service, smarter operations, or more delightful guest experiences, our team works hard to turn those dreams into reality with precision, scale and purpose. SJ Sawhney, President and Co-Founder of Canary Technologies Canary's scale and growth within the travel and hospitality sector are truly unprecedented. We're thrilled to partner with Harman, SJ, and the entire team as they accelerate their momentum and solidify their position as a category leader. Their dedication to delivering enterprise-grade, high-impact solutions for hoteliers positions them for long-term success and sustained global leadership. Kevin Magan, Partner at Brighton Park Capital About Canary Technologies Founded in 2018 by lifelong friends and hospitality experts Harman Singh Narula and SJ Sawhney, Canary Technologies was born out of a shared vision: to create intuitive, guest-centric technology that redefines the hospitality experience. Today, Canary serves properties of all sizes—from independent boutiques to global hotel brands—delivering a unified platform that modernizes hotel operations and transforms the guest journey, from pre-booking to checkout. For more information, visit About Brighton Park Capital Brighton Park Capital is a New York-based investment firm focused on entrepreneur-led, growth-stage software, healthcare and tech-enabled services companies. The firm invests in companies that provide highly innovative solutions in partnership with great management teams. Brighton Park brings purpose-built, value-add capabilities that match the unique requirements of each of its companies. For more information about Brighton Park Capital, please visit Amanda McDowell Content Marketing Manager View source
Yahoo
04-06-2025
- Business
- Yahoo
LandingAI utilizes FPT AI Factory to accelerate the Visual AI platform
LandingAI - founded by Dr. Andrew Ng (co-founder of Coursera and Google Brain) in Silicon Valley, is collaborating with FPT to harness AI Factory for developing Visual AI products capable of human-like visual recognition and understanding. HANOI, Vietnam, June 4, 2025 /PRNewswire/ -- As a pioneer in agentic vision technologies, LandingAI has built advanced technology platforms serving over 30,000 users, applying artificial intelligence to tackle unstructured data challenges across industries such as manufacturing, electronics, healthcare, logistics, and finance. LandingAI's tools use an agentic AI framework designed to help users solve complex visual tasks using unstructured data such as images and documents. This technology enables the system to automatically detect objects in images, extract information from documents, and analyze visuals in various contexts with high accuracy. To handle AI workloads that require deep processing, continuous learning, and adaptive performance, LandingAI needed a high-performance computing infrastructure to fine-tune its agentic AI models, implement reinforcement learning cycles, and continuously optimize system performance. LandingAI leverages FPT AI Factory's infrastructure, powered by NVIDIA H100 GPUs, to address performance challenges in product development. FPT AI Factory provides a powerful, scalable, and integrable infrastructure that enables efficient development of large-scale AI models with exceptional speed and performance. As a result, the platform significantly enhances multi-task visual processing capabilities, boosts new feature rollouts by up to 3X, and ensures stable AI system operations. "Thanks to the services provided by FPT AI Factory and the dedicated support from the FPT team, we were able to rapidly develop and integrate large-scale AI models into our solutions, significantly improving operational efficiency while optimizing both time and cost," said Mr. Dan Maloney, CEO of LandingAI. According to Mr. Le Hong Viet, CEO of FPT Smart Cloud, FPT Corporation, "FPT continuously invests in infrastructure and cutting-edge technology platforms to empower businesses to create breakthroughs in their AI development journey. Through FPT AI Factory, we equip businesses with the necessary tools and resources to accelerate innovation and foster effective, flexible, and sustainable AI adoption across all aspects of society." FPT AI Factory offers comprehensive solutions, fueled by thousands of high-performance processors and specialized software, to enable organizations and enterprises to effortlessly build, test, and deploy AI applications, progressively fortifying AI proficiency and sovereignty. Expert forecasts indicate that the AI Agent market will reach USD 52.6 billion by 2030, with remarkable growth rates. In an era where AI is becoming increasingly 'intelligent' and 'autonomous', having a powerful infrastructure like FPT AI Factory enables businesses to keep pace with trends and take the lead in the technology race. View original content to download multimedia: SOURCE FPT Corporation (FPT) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
