Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 15

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 15
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 offers the opportunity for a wide range of other accessories (e.g., smart speakers).

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Veea has been engaged with
a global MNO partner (the “MNO Partner”) since early 2024 and completed the homologation and carrier certification
process for STAX and STAX-5G in late 2024 with the MNO Partner. The MNO Partner soft-launched the SecureConnect services in its coverage
areas in March of this year. In May 2025, we signed a non-binding Strategic Commercial Alliance with the MNO Partner, outlining the high-level
principals of a strategic alliance between the parties towards a binding commercial agreement that has been drafted and pending execution.
The soft-launch of SecureConnect STAX-5G, with the MNO Partner at their enterprise customer locations, has been highly successful and
has demonstrated a fully commercialized product platform. The end-user feedback to the MNO Partner on the customer experience and quality
of service has been very positive. In working together with the MNO partner since earlier this year, the initial marketing campaign and
sales plans in support of our Go to Market plans have been largely developed. This includes the MNO Partner’s marketing webpage,
customer support and fulfillment portals, which are being trialed with the soft-launch customers. The MNO Partner’s end-user customer
contract is typically for 2 years with a Monthly Recurring Revenue (“MRR”) paid to the MNO Partner, which is
subject to revenue sharing between the parties.

We have also initiated a
substantial POC with an affiliate of the MNO Partner in another county for deployments in another region. STAX and STAX-5G products are
also going through the homologation and certification process with a major ISP. STAX-5G is also being evaluated by other network operators
and we expect to initiate homologation and carrier certification with those operators.

The Serviceable and Obtainable
Market (SOM) is a large percentage of TAM given the cybersecurity challenges faced by the SMBs/SMEs in the target markets. An Ericsson forecast provides that the total global Fixed Wireless Access (FWA) subscriptions will grow at
19 percent year-on-year during the 2022 to 2028 period to reach more than 300 million devices by 2028.

The Cybersecurity market
in the soft-launch country was valued at US$12.75 billion in 2023, and is expected to reach