Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 169

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 169
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-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 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.

VeeaONE 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.

VeeaHub
products, about the size of a typical Wi-Fi Access Point, 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 VeeaONE 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.

Recent Developments

August 2025 Public Offering

On August 14, 2025, the Company closed a public offering of 9,189,096
shares of common stock and warrants to purchase up to 9,189,096 shares of common stock at a combined offering price of $1.00 per share
and accompanying warrant (the “