Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 2

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 2
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1

Private Veea was founded in 2014
by Allen Salmasi, our Chief Executive Officer and a pioneering wireless technology leader. Mr. Salmasi helped to drive industry transformation
through his contributions to the development of CDMA/TDMA-based OmniTRACS, the largest mobile satellite messaging and position reporting
system with integrated IoT solutions during the 1980s and 1990s; CDMA-based 2G/3G technologies and products at Qualcomm in 1990s; OFDMA-based
4G technologies and products at NextWave during the 2000s, and hyper-converged edge computing and communications during the 2010s; and
beyond with Veea. Mr. Salmasi has assembled a talented and experienced management and engineering team that includes former senior executives
of leading technology, telecom, SaaS, and wireless companies that possess a deep understanding of wireless technologies, networking edge
and cloud computing.

The Company has five wholly owned subsidiaries, VeeaSystems Inc., formerly
known as Veea Inc. a Delaware corporation, Veea Solutions Inc., a Delaware corporation, VeeaSystems Development Inc., formerly known as
Veea Systems Inc., a Delaware corporation, Veea Systems Ltd., a company organized under the laws of England and Wales and VeeaSystems
SAS, a French simplified joint stock company; and one majority owned subsidiary, VeeaSystems Mexico, S. de R.L. de C.V., a limited capital
company organized under the laws of Mexico (“VeeaSystems MX”). VeeaSystems MX is 95% owned by VeeaSystems Inc., and due to
local law requirements, the remaining 5% is held by the Company’s CEO. The Company is headquartered in New York City with offices
in the United States, Mexico and Europe.

Our Vision and Strategy

At the founding of Veea, we imagined
a world where powerful, secure, intelligent and fully networked computing simply works. We pictured a reality where transformative ideas
come to life quickly and effortlessly, without barriers created by technical complexity or infrastructure constraints. We envisioned
a future in which any business, no matter its size or technical expertise, can seamlessly deploy sophisticated software, real-time analytics,
and cutting-edge artificial intelligence directly within their own walls, at their own locations.

At the core of our mission is simplicity.
We empower our customers by delivering intuitive software and  unified hardware solutions that enable local computing, intelligent
networking, and advanced AI applications to work together seamlessly.