Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 238

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 238
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 failures, defects, or bugs in Veea’s platforms could adversely affect its results of operations and growth
prospects.

Because
Veea offers very complex technology platforms, undetected errors, defects, failures, or bugs have occurred and may in the future occur,
especially when platforms or capabilities are first introduced or when new versions or other product or infrastructure updates are released.
Veea’s platforms are often installed and used in large-scale computing environments with different operating systems, software
products and equipment, and data source and network configurations, which may cause errors or failures in Veea’s platforms or may
expose undetected errors, failures, or bugs in its platforms. Despite testing by Veea, errors, failures, or bugs may not be found in
new software or releases until after commencement of commercial shipments. In the past, errors have affected the performance of its platforms
and can also delay the development or release of new platforms or capabilities or new versions of platforms, adversely affect its reputation
and its customers’ willingness to buy platforms from Veea and adversely affect market acceptance or perception of Veea’s
platforms. Many of Veea’s customers use its platforms in applications that are critical to their businesses or missions and may
have a lower risk tolerance to defects in Veea’s platforms than to defects in other, less critical, software products. Any errors
or delays in releasing new software or new versions of platforms or allegations of unsatisfactory performance, errors, defects, or failures
in released software could cause Veea to lose revenue or market share, increase Veea’s service costs, cause Veea to incur substantial
costs in redesigning the software, cause Veea to lose significant customers, subject Veea to liability for damages and divert Veea’s
resources from other tasks, any one of which could materially and adversely affect Veea’s business, results of operations and financial
condition. In addition, Veea’s platforms could be perceived to be ineffective for a variety of reasons outside of its control.
Hackers or other malicious parties could circumvent Veea’s or Veea’s customers’ security measures, and customers may
misuse Veea’s platforms resulting in a security breach or perceived product failure.

Real
or perceived errors, failures, or bugs in our platforms and services, or dissatisfaction with Veea’s services and outcomes, could
result in customer terminations and/or claims by customers for losses sustained by them. In such an event, Veea may be required, or Veea
may