Company: VEEAW
Filing Date: 2025-07-23
Form Type: S-1
Source: 0001213900-25-066815
Chunk: 97

Company: VEEA INC.
Filing Date: 2025-07-23
Form: S-1
Chunk 97
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 construction sites) and multimodal AI agents (e.g., context-aware insights fused together with network insights such as for location-based targeted advertising based on Veea’s AdEdge Ô , inventory management, and other applications) to Veea as a share of the revenue collected by the service provider. 53 For the aforementioned reasons, we expect this product and service offering to ramp up rapidly. In the regions currently served, 43% of cyberattacks are targeted at small businesses and only some SMBs/SMEs are adequately prepared to face cyberattacks. Based on the cyber intrusion data collected to date, we believe that the AI-driven cybersecurity solution offered with SecureConnect, providing protection for data-at-rest and data-in-motion, is a better solution for protecting against AI-driven cyberattacks than traditional approaches. Based on feedback from the service provider partners and SMBs/SMEs served as well as market data, Veea SecureConnect represents a highly cost-effective and affordable solution meeting their requirements with differentiated features for this market segment. 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 by late 2024 with the MNO Partner, which then soft-launched the SecureConnect services in their coverage areas as of 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