Company: VEEAW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111013
Chunk: 89

Company: VEEA INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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Veea Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial
Statements 

1 - DESCRIPTION OF BUSINESS 

The Company is dedicated to simplifying
the journey towards creating a world in which virtually everyone and everything is intelligently connected, while bringing applications
and artificial intelligence to the edge of the network. Most service providers, equipment suppliers, system integrators and even hyperscalers
have adopted or advocated for similar solutions to various degrees either independently or in collaboration with the Company. However,
to our knowledge, we are the first to market with patented technologies that (a) bring virtualized data center capabilities to the far
edge of the network, commonly referred to as the Device Edge, where all wired and wireless devices connect to the network, (b) spawns
hyperconvergence of computing, multiaccess communications and storage, (c) provides for Cloud-managed applications at the Edge (“Hybrid
Edge-Cloud Computing”), and (d) enables machine learning with AI training, inferencing, and agentic AI at the edge (“Edge
AI”) including AI-driven cybersecurity for heterogenous networks. Such networks have given rise through any combination of our developed
devices and third-party devices, with CPUs, GPUs, TPUs, DPUs and/or NPUs, that run on the VeeaONE platform’s software stack. Our
end-to-end edge-cloud platform is referred to as VeeaONETM (“VeeaONE”) platform.

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 with a mesh router, a firewall, an IoT gateway, NVMe data storage and 4G/5G
modules. With an extensive patent portfolio of 123 granted patents and 32 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, 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.