Company: VEEAW
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001213900-25-046124
Chunk: 130

Company: VEEA INC.
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 2
Chunk 130
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 for heterogenous networks. Such networks are given rise through
any combination of our developed devices and third-party devices, with CPUs, GPUs, TPUs, DPUs and/or NPUs, that run the Veea Edge PlatformÔ
software stack.

Veea has developed several
generations of highly integrated all-in-one devices that incorporate a Linux server, with a virtualized software environment, supporting
our patented secured docker containers, together with a Wi-Fi Access Point (AP) with a mesh router, a firewall, an IoT gateway, NVMe
data storage and 4G/5G modules, referred to as the “VeeaHub” product. With an extensive patent portfolio of approximately
125 granted patents and 25 pending patent applications that cover 26 patent families, our end-to-end Hybrid Edge-Cloud Computing platform
represents a new product category that has the potential for wide scale customer adoption in large segments of consumer and enterprise
markets.

Veea Edge Platform’s
products, applications, and services with a distributed computing architecture, offered as a Platform-as-a-Service capability, empower
companies to capitalize on the transformative potential of Edge AI, where most of the data from smartphones, tablets, laptops, cameras,
sensors, and other devices is generated, with data privacy and sovereignty, reliability, low latency for real-time decisions, bandwidth
efficiency, scalability, and reduced costs compared to alternatives.

24

VeeaHub products, about
the size of a typical Wi-Fi Access Point (AP), are offered in variety of forms with different capabilities for indoor and outdoor coverage
and are both locally- and cloud-managed. Veea Edge Platform architecture and business model, VeeaHubÒ
and third-party devices on Veea Edge Platform with Hybrid Edge-Cloud Computing and AI-enabled applications and services resemble the
Android OS platform architecture and business model for Android devices.

The Veea Edge Platform offers
a complement, and in some cases an alternative, to cloud computing by enabling the formation of highly secure, but easily accessible,
private clouds and networks across one or multiple user(s) or enterprise location(s) across the globe. Benefits of the Veea Edge Platform
include optimal latency, lower data transport costs, data privacy, security and ownership, Edge AI, as well as “always-on”
availability for mission critical applications, and contextual awareness for people, devices and things connected to the Internet.

Veea earns revenue primarily
from the sale of its VeeaHub® devices, licenses, and subscriptions.

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