Canopy Labs
Canopy Labs, a B2B analytics company based in New York, joined Drop Technologies Inc. in late 2018 and ceased operations in Q2 2019.
Company Background
Canopy Labs, based in New York, NY, USA, operated within the B2B analytics sector. The company was part of the Y-Combinator S12 batch. Canopy Labs applied machine learning to develop consumer-first predictive loyalty products. The company joined Drop Technologies Inc. in late 2018 and subsequently disabled its platform for existing users and customers in Q2 2019.
Locations
Canopy Labs was headquartered in New York, NY, USA. The company operated primarily within the United States and Canada. The team consisted of a small, focused group of 11 members.
Industry and Services
Canopy Labs functioned in the B2B analytics industry. The company specialized in leveraging machine learning technologies to develop predictive loyalty products aimed at improving consumer experiences. The platform targeted business clients looking to utilize advanced analytics for customer retention and engagement.
Merger with Drop Technologies Inc.
Canopy Labs announced it would join Drop Technologies Inc. in November 2018. This strategic decision led to the integration of their machine learning capabilities into Drop Technologies' offerings. By Q2 2019, Canopy Labs had concluded its services to existing users and officially disabled its platform as part of the merger.