VEERUM is an Industrial Internet of Things (IIoT) company that matches digital technologies with capital project delivery to help our clients build a better world.
Founded in 2014, today we’re a super powered team based in Calgary, Canada.
Watch how we bring certainty to capital project delivery.
Why we exist
By 2040 the world needs to spend $94 trillion on infrastructure to meet global demand.
Currently 90% of capital projects go over budget resulting in $1.6 trillion waste each year. The fundamental cause of this waste is the inability to identify and resolve issues before they impact the project.
VEERUM technology enables project teams to predict and resolve issues in the virtual world before they impact cost and schedule in reality.
Our clients are helping accelerate the transition to viable capital project delivery, effectively creating and maintaining the critical infrastructure we all rely on to thrive.
The Digital Twin platform
The Digital Twin platform creates an exact digital replica of a project’s physical reality; includes dimensions and locations of all project components in a format that can compare digital objects with physical objects.
It’s essentially a bridge between physical and digital worlds.
Learn more about Digital Twin technology and how it improves operational performance and business processes.
What project professionals are saying
“VEERUM’s Digital Twin allowed us to rig up our frac trees, manifold and connections to wells, safely, efficiently – half the time it used to take – and accurately.”
Zeyad Al-Ssalmani, Production Engineer, GE
“Wood leveraged VEERUM’s Digital Twin to help us engineer an innovative well pad construction program. For our client we reduced wellhead capital costs by 30% and site installation costs by 43%.”
Dean Piquette, Wellhead Program Director, Wood