Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1
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 offered as a Platform-as-a-Service (“ePaaS”)
capability, empowering 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 (AP), are offered in variety of form factors 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, to a certain
degree is similar to Android OS platform architecture and business model for Android devices.

The VeeaEdge PlatformÔ
offers 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. The benefits 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.

Our products and services have
been deployed across multiple countries and industries; however, we are focused on high-growth market segments such as fixed-line or 5G-based
fixed wireless broadband access, and subscription-based managed Wi-Fi for unserved / underserved communities. In both cases, broadband
or Internet connectivity services are offered with a variety of Edge applications and value-added services, including advanced AI-driven
cybersecurity, through Mobile Network Operators (“MNOs”), Multiple System Operators (MSOs), Internet Service Providers (“ISPs”)
and other types of Managed Service Providers (“MSPs”). The industrial applications include climate smart buildings, smart
farming with precision agriculture, smart warehouses and smart retail as cloud-managed converged private networks.

Gartner recognized the innovativeness
and capabilities of the platform by naming Private Veea a Leading Smart Edge Platform in 2023 and Cool Vendor in Edge Computing in 2021.
Market Reports World in its research report published in October 2023 named Private Veea as one of the top 10 Edge AI solution providers
alongside of IBM, Microsoft, Amazon Web Services (“AWS”) and others.