2024 Revenue
$6.7M(Est.)
Funding
$0
Team
57
Founded
2014
VEERUM Revenue (2024)
Developer of an industrial Internet of Things technology system designed to improve the viability of energy projects. The company's system eliminates rework from industrial projects through creation of exact replica of project site, virtual fabricated parts, logistics management and construction monitoring, enabling clients to finish their projects safely, on time and within budget.
Last updated
VEERUM Revenue
In 2024, VEERUM's revenue reached $6.7M. The company previously reported $4.4M in 2023. Since its launch in 2014, VEERUM has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | VEERUM Hit $6.7m revenue in October 2024 | Estimated |
| 2023 | VEERUM Hit $4.4m revenue in December 2023 | Estimated |
| 2021 | VEERUM Hit $2.9m revenue in April 2021 | |
| 2014 | Launched with $0 revenue |
VEERUM Valuation, Funding Rounds
Explore the complete funding history and valuation milestones for this company. Below you will find information about each funding round and key financial metrics that shaped the company's growth trajectory.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|
Founder / CEO
David Lod
CEO
David Lod was appointed CEO of VEERUM in late 2018, four years after the Calgary company was founded by Amit Varma and Scott Benesh. VEERUM builds digital-twin technology that gives heavy-industry teams a remote, exact replica of project sites for asset management and construction monitoring. Lod previously ran data centre facilities as a VP at Shaw Communications, led enterprise sales at Rogers Communications, and was co-owner and executive vice president of Pivot Data Centres, acquired by Rogers in 2013.
Q&A
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Customers
We do not have customer count information for VEERUM yet.
VEERUM Employees & Team Size
VEERUM employs approximately 57 people as of 2026, down from 60 in 2023, including 3 sales reps that carry a quota.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 57 employees (December 2024) | |
| 2024 | Reached 64 employees (October 2024) | |
| 2023 | Reached 60 employees (December 2023) | |
| 2022 | Reached 57 employees (December 2022) | |
| 2021 | Reached 48 employees (December 2021) | |
| 2021 | Reached 35 employees (April 2021) |
Frequently Asked Questions about VEERUM
What is VEERUM's revenue?
VEERUM generates an estimated $6.7M in annual revenue.
Who founded VEERUM?
VEERUM was founded by David Lod.
Who is the CEO of VEERUM?
The CEO of VEERUM is David Lod.
How many employees does VEERUM have?
VEERUM has 57 employees.
Where is VEERUM headquarters?
VEERUM is headquartered in Calgary, Alberta, Canada.
Compare VEERUM to the industry
VEERUM operates across multiple industries. Browse revenue, funding, and growth data for VEERUM in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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