Userful is a Calgary, AB–based provider of a Visual Networking Platform delivering a platform-as-a-service for the Enterprise AV-over-IP market. Its PaaS offers a suite of integrated AV applications—digital signage, control-room solutions, streaming platforms and data metrics—with secure SSO and a centrally managed UI for enterprise IT and functional departments. The company positions its solutions as enabling modernized business operations for employee and customer engagement worldwide. The article cites the Enterprise AV-over-IP segment is forecast to grow from $3B today to $51B by 2027. Userful closed $10M in new funding following earlier $3M in seed financings. The company intends to use the investment to accelerate growth via sales and marketing expansion, new product development, and ecosystem partnerships. Userful offers a Visual Networking Platform that enables IT teams to display content from any source on any screen at any time for enterprise-wide communication and collaboration. The platform comprises software, a cloud platform, and apps that allow AV/IT teams to make visual content available on a virtually unlimited number of screens. Userful says its solution can improve an organization’s operating efficiency by up to 80 percent and reduce total cost of ownership by 40 percent or more. Its products are deployed in more than 100 countries and on more than 1 million screens. The company focuses on AV-over-IP solutions across industries such as telecommunications and transportation to improve operating performance. Recent funding is intended to accelerate development of its enterprise AV-over-IP solutions, and Userful added three new board members as part of the announcement.

Total raised

$10M

Funding rounds

2

Latest round

Equity

Latest activity

May 2022