Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1186

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1186
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 easily accessible, private clouds and networks across one or multiple user(s)
or enterprise location(s) across the globe. We have redefined and simplified edge computing and connectivity with Veea Edge Platform™,
easily deployable products that fully integrate hardware, system software, technologies, and edge applications. We are demonstrating,
globally, that the Veea Edge 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 as a Leading Smart Edge Platform for the innovativeness and capabilities of our
Veea Edge Platform and a Cool Vendor in Edge Computing in 2021. Veea was named in Market Reports World’s in its research report
published in October 2023 as one of the top 10 Edge AI solution providers alongside of IBM, Microsoft, Amazon Web Services among others.

On September 13, 2024 Plum Acquisition Corp. I. (“Plum”),
a special purpose acquisition company, Veea Inc., a Delaware corporation (“Private Veea”) consummated its previously announced
Business Combination, pursuant to that certain Business Combination Agreement, dated November 27, 2023 (as amended on June 13, 2024 and
September 13, 2024, the “Business Combination Agreement”), between Plum, Private Veea, and Plum Merger Sub, a Delaware corporation)
(“Plum Merger Sub”). In connection with the consummation of the Business Combination (the “Closing”) (i) Plum
de-registered from the Register of Companies in the Cayman Islands by way of continuation out of the Cayman Islands and into the State
of Delaware, migrating to and domesticating as a Delaware corporation (the “Domestication”), and (ii) the merger (the “Merger”)
of Plum Merger Sub with and into Private Veea was completed and the separate corporate existence of Plum Merger Sub ceased, with Private
Veea as the surviving corporation becoming a wholly owned subsidiary of Plum. Following the Closing Plum changed its name from “Plum
Acquisition Corp. I”