Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 237

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 237
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 Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Three and Nine Months Ended September 30, 2024 and 2023</div>

1 - DESCRIPTION OF BUSINESS

The Company is a provider of edge
computing and communications devices (i.e., “VeeaHub®” devices), applications and services hosted on its edge Platform-as-a-Service
(“ePaaS”). Veea Edge Platform ePaaS is an end-to-end platform that is both locally- and cloud-managed. VeeaHub® products
are converged computing and communications (i.e., hyperconverged) indoor and outdoor devices, about the size of a Wi-Fi Access Point
(AP), that provide for networking and computing solutions for AI-assisted applications and solutions at the edge where people, places,
and things connect to the network.

Veea Edge PlatformÔ provides for highly secure connectivity, computing, and IoT solutions through full stack platform for digital transformation of industries as well as unserved or underserved communities that lack Internet connectivity and essential applications and services. It further enables 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. We have redefined and simplified edge computing and connectivity with Veea Edge PlatformÔ, easily deployable products that fully integrate hardware, system software, technologies, and edge applications. We are demonstrating, globally, that the Veea Edge PlatformÔenables our partners and customers to champion digital transformations in multiple vertical markets.

Through our innovative Veea Edge Platform,
we have created a new product category that brings cloud capabilities close to the user, as an alternative to cloud computing, with benefits
in optimal latency, lower data transport costs, data privacy, security and ownership, Edge AI, “always-on” availability at
the edge for mission critical applications, and contextual awareness for people, devices and things connected to the Internet. The Company
was recognized in 2023 by Gartner as a Leading Smart Edge Platform for the innovativeness and capabilities of our Veea Edge Platform
and a Cool Vendor in Edge Computing in 2021. Veea was named in Market Reports World’s in its research report published in October
2023 as one of the top 10 Edge AI solution providers alongside of IBM, Microsoft, Amazon Web Services among others.

On
September 13, 2024 Plum Acquisition Corp. I. (“Plum”), a special purpose acquisition
company, V