Company: VEEAW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078177
Chunk: 260

Company: VEEA INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 260
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VeeaHub products, about the size of
a typical Wi-Fi Access Point, are offered in variety of form factors with different capabilities for indoor and outdoor coverage and are
both locally- and cloud-managed. VeeaONE architecture and business model, VeeaHub and third-party devices on VeeaONE platform with Hybrid
Edge-Cloud Computing and AI-enabled applications and services.

The VeeaONE platform 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 and 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, Multiple System Operators, Internet Service Providers and other types of Managed Service
Providers. 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 the Company 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 the Company as one of the top 10 Edge AI solution providers alongside of IBM, Microsoft, Amazon
Web Services and others.

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