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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
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.
VEERUM is a bootstrapped Digital Twin Software startup. Founded in 2014, VEERUM has grown to $6.7M in revenue without raising any venture capital or outside funding.
As a self-funded Digital Twin Software SaaS company, VEERUM has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Source |
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We do not have customer count information for VEERUM yet.
VEERUM employs approximately 57 people as of 2026, down from 60 in 2023, including 3 sales reps that carry a quota.
VEERUM generates an estimated $6.7M in annual revenue.
VEERUM was founded by David Lod.
The CEO of VEERUM is David Lod.
VEERUM is bootstrapped and has not raised outside funding.
VEERUM has 57 employees.
VEERUM is headquartered in Calgary, Alberta, Canada.
VEERUM operates across multiple industries. Browse revenue, funding, and growth data for VEERUM in each sector below.
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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2024 Revenue
$6.7M(Est.)
Funding
$0
Team
57
Founded
2014
| 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 |
| 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) |
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