2021: Building a foundation for unprecedented growth

Updated: Mar 25

After another unpredictable year, we are taking a moment to reflect on the learning experiences and new opportunities that emerged. From our $7.4 million Series A funding, to adding 23 new team members, to receiving two new security certifications, it was a year of client success, exciting new growth across the VEERUM organization, and innovative product development. We remained focused on our commitment to bringing total visibility to asset data, reducing our client’s site exposure, and delivering projects on time and under budget. We’re proud to have supported the safety, efficiency, and security of over $225 billion unified assets around the world.

As 2021 winds down, here we present a glimpse into VEERUM’s most exciting year yet.


VEERUM raises $7.4 million in Series A funding

We were incredibly proud to announce $7.4 million in Series A funding led by BDC Industrial Innovation Venture and Builders VC, as well as continued participation from Brick & Mortar Ventures, Evok Innovations, InterGen and Creative Venture.

Our Series A funding was the catalyst that enabled a wave of momentum for the company as a whole. We doubled our team, tripled our revenue, and advanced our application to a point that we didn’t even see as possible before.”

—David Lod, CEO


VEERUM participates in a step challenge for Accessible Housing Society

How did the VEERUM team stay connected while working apart? We found a solution by participating in a virtual step challenge for Accessible Housing Society, a Calgary non-profit organization that provides safe, affordable housing for those struggling with chronic homelessness, limited mobility, and disability.

We took 4 million steps and raised $4,280 in donations.

This year I’m super proud of the team for staying invested in our culture, advancing our technology, and supporting our clients despite being physically disconnected due to the ongoing global pandemic.”

—Rob Southon, CTO


Sap Basu joins the team as VP of Product Management

In March, we welcomed Sap Basu as VEERUM’s first ever VP of Product Management, bringing with him over 20 year's experience in building, operationalizing, and leading multibillion dollar product portfolios. Sap’s diverse industry experience and leadership were essential to our continued growth and success throughout 2021.

“In 2021, I am proud of how we fostered a product-focused view around everything we do. From creating meaningful backlogs by incorporating stories directly from client’s requests, to bringing the voice of the customer into product roadmap and marketing planning, we set out to prioritize our product in a very disciplined manner.”

—Sap Basu, VP of Product Management

Along with Sap, VEERUM added 23 new positions to the company throughout 2021.

“I’m incredibly proud of the culture we’ve built and our low turnover rate. I’m thrilled to see how many talented people we’ve added to our team. It truly is a validation of our culture and product.”

—Chris Bacon, Director of Finance


VEERUM is now available on AWS Marketplace

At VEERUM, we are always looking for ways to make adoption easier for our clients. That’s why we joined AWS Marketplace to make it even simpler to source, deploy, and adopt our solution. Read more about VEERUM on AWS Marketplace here.


Our CEO, David Lod is named a finalist in the EY Entrepreneur of the Year program

The EY Entrepreneur Of The Year® is a global awards program that shines a spotlight on entrepreneurs across the country that are transforming our world through unbounded innovation. This year, we were incredibly proud that our CEO, David Lod had been named a finalist in the EY Entrepreneur Of The Year® 2021 Prairies program.


VEERUM hosts first Client Advocacy Group

VEERUM is a listening organization and we always look for opportunities for clients to voice their successes, pain points, and areas for improvement with the VEERUM solution. Throughout the year, we invited a core group of clients together to share, influence and advise VEERUM on our product. We look forward to hosting our third Client Advocacy Group by the end of the financial year.

“One of the biggest highlights of the year is attending the Client Advocacy group and hearing our tier 1 clients give high reviews of our solutions team. I’m incredibly proud of how invested our solutions team is in the success of our clients, and it’s been amazing to watch them grow together.”

—Trevor MacMaster, CCO