About VEERUM
VEERUM is a company based in Calgary (Canada) founded in 2014 by Scott Benesh.. VEERUM has raised $23.1 million across 5 funding rounds from investors including Suncor, Cenovus and BDC. VEERUM offers products and services including VEERUM VisOps, VEERUM DigitalTWIN, and VEERUM 3DVAULT. VEERUM operates in a competitive market with competitors including Matterport, Hexagon, Cognite, Decisyon and Tignis, among others.
- Headquarter Calgary, Canada
- Founders Scott Benesh
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23.1 M (USD)
in 5 rounds
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Latest Funding Round
$9.3 M (USD), Series B
May 29, 2023
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Investors
Suncor
& 10 more
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Employee Count
Employee Count
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Products & Services of VEERUM
VEERUM offers a comprehensive portfolio of products and services, including VEERUM VisOps, VEERUM DigitalTWIN, and VEERUM 3DVAULT. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for operationalizing reality capture data in industrial settings.
Tool for creating and managing digital twins of industrial assets.
Secure system for storing and accessing 3D visual industrial data.
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Funding Insights of VEERUM
VEERUM has successfully raised a total of $23.1M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $9.3 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $9.3M
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First Round
First Round
(10 Apr 2018)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series B - VEERUM | Valuation | Idea Well Capital Partners | |
| Jan, 2022 | Amount | Grant - VEERUM | Valuation |
investors |
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| Feb, 2021 | Amount | Series A - VEERUM | Valuation | BDC , Builders VC |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in VEERUM
VEERUM has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Suncor, Cenovus and BDC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Investments are made in technologies that modernize industries like agriculture and construction.
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Founded Year | Domain | Location | |
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VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by VEERUM
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - VEERUM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Veerum Comparisons
Competitors of VEERUM
VEERUM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Matterport, Hexagon, Cognite, Decisyon and Tignis, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of cloud and AI-based virtual tour solutions for construction professionals
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| domain | founded_year | HQ Location |
Threat detection and vulnerability assessment for ICS/DCS/SCADA are provided.
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| domain | founded_year | HQ Location |
AI-based software for production data analysis and collaboration is provided.
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| domain | founded_year | HQ Location |
A platform for corporate performance management is provided.
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| domain | founded_year | HQ Location |
Provider of AI-powered process control solutions
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| domain | founded_year | HQ Location |
Cloud-based IoT solutions with monitoring and analytics are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Veerum
Frequently Asked Questions about VEERUM
When was VEERUM founded?
VEERUM was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is VEERUM located?
VEERUM is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of VEERUM?
David Lod is the current CEO of VEERUM.
Is VEERUM a funded company?
VEERUM is a funded company, having raised a total of $23.1M across 5 funding rounds to date. The company's 1st funding round was a Series A of $7.4M, raised on Apr 10, 2018.
What does VEERUM do?
Provider of digital twin based asset visualization tool for manufacturing units. It offers an AI and cloud based digital twin platform for predictive maintenance during construction. It enables 3D asset visualization solutions and enables to predict and resolve project issues. It interfaces with multiple sensors deployed on the site for creating a virtual replica of a physical project or environment that can be used to simulate, operate, and analyze the projects. It allows companies to upload, preview, manage, store, and distribute visual data directly from their web browser.
Who are the top competitors of VEERUM?
VEERUM's top competitors include Matterport, Cognite and Tignis.
What products or services does VEERUM offer?
VEERUM offers VEERUM VisOps, VEERUM DigitalTWIN, and VEERUM 3DVAULT.
Who are VEERUM's investors?
VEERUM has 11 investors. Key investors include Suncor, Cenovus, BDC, CRIN, and Idea Well Capital Partners.