Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 11

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 11
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 products
that fully integrate hardware, system software, technologies, and edge applications. We are demonstrating, globally, that the Platform
enables our partners and customers to champion digital transformations in multiple vertical markets.

Through our innovative Veea
Edge Platform, we have created a new product category that brings cloud capabilities close to the user, as an alternative to cloud computing,
with benefits in optimal latency, lower data transport costs, data privacy, security and ownership, Edge AI, “always-on”
availability at the edge for mission critical applications, and contextual awareness for people, devices and things connected to the
Internet. The Company was recognized in 2023 by Gartner for the innovativeness and capabilities of our Veea Edge Platfom and was named
a Leading Smart Edge Platform in 2023 and a Cool Vendor in Edge Computing in 2021. Veea was named in Market Reports World’s its
research report published in October 2023 as one of the top 10 Edge AI solution providers alongside of IBM, Microsoft, Amazon Web Services
(“AWS”) among others.

Veea earns revenue primarily from the sale of its VeeaHub® devices, licenses and subscriptions. Veea incurred net losses of approximately $33.3 million and $46.6 million for the three and nine months ended September 30, 2024, respectively; net income and losses of approximately $2.0 million and $9.4 million for the three and nine months ended September 30, 2023, respectively.

Veea was founded in 2014
by Allen Salmasi, our Chief Executive Officer and a pioneering wireless technology leader. Mr. Salmasi helped to drive industry transformation
through his contributions to the development of CDMA/TDMA-based OmniTRACS, the largest mobile satellite messaging and position reporting
system with integrated IoT solutions during the 1980s and in the 1990s; 2G/3G technology and products at Qualcomm in 1990s; 4G technology
and products at NextWave during the 2000s, and hyper-converged edge computing and communications during the 2010s; and beyond with Veea.
At Veea, Mr. Salmasi has assembled a talented and experienced management and engineering team that includes former senior executives
of leading technology, telecom, SaaS, and wireless companies that possess a deep understanding of wireless technologies, mesh networking
and edge computing.

The Company has five wholly
owned subsidiaries, VeeaSystems Inc