Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 32

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 32
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 budgets, anticipated cost savings from the implementation
of our platforms, potential preference for such customer’s internally-developed solutions, perceptions about Veea’s business
and platforms, more favorable terms offered by potential competitors, and previous technology investments. In addition, certain decision
makers and other stakeholders within Veea’s potential customers tend to have vested interests in the continued use of internally
developed or existing solutions, which may make it more difficult for us to sell our platforms and products. As a result of these and
other factors, Veea’s sales efforts typically require an extensive effort throughout a customer’s organization, a significant
investment of human resources, expense and time, including by its senior management, and there can be no assurances that it will be successful
in making a sale to a potential customer. If Veea’s sales efforts to a potential customer do not result in sufficient revenue to
justify Veea’s investments, including in its growing direct sales force, its business, financial condition, and results of operations
could be adversely affected.

Veea’s ability to sell its platform and satisfy its customers is dependent on the quality of its services, and its failure to offer high quality services could have a material adverse effect on its sales and results of operations.

Once Veea’s platforms
are deployed and integrated with our customers’ existing information technology investments and data, Veea’s customers depend
on our support and maintenance services to resolve any issues relating to our platforms. Increasingly, Veea’s platforms have been
deployed in large-scale, complex technology environments, and Veea believes its future success will depend on its ability to increase
sales of its platforms for use in such deployments. Further, its ability to provide effective ongoing services, or to provide such services
in a timely, efficient, or scalable manner, may depend in part on its customers’ environments and their upgrading to the latest
versions of its platforms and participating in its centralized platform management and services.

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In addition, Veea’s
ability to provide effective services is largely dependent on our ability to attract, train, and retain qualified personnel with experience
in supporting customers on platforms such as Veea’s platforms. The number of Veea’s customers has grown significantly, and
that growth has and may continue to put additional pressure on its services teams. Veea may be unable to respond quickly enough to accommodate
short-term increases in customer demand for its support and maintenance services. Veea also may be unable to modify the future scope
and