Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 98

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 98
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 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 STAX-5G products are
also going through the homologation and certification process with a major ISP. STAX-5G is also being evaluated by two other network
operators in several countries and we expect to initiate homologation and carrier certification with those operators.

The Serviceable and Obtainable
Market (SOM) is a large percentage of TAM given the cybersecurity challenges faced by the SMBs/SMEs in the target markets. The Cybersecurity
market in the soft-launch country was valued at US$12.75 billion in 2023, and is expected to reach US$23.13 billion by 2029, rising at
a CAGR of 10.27%. In the soft-launch market, SMBs (for up to 7 devices, such as POS, payment terminals, laptops per user)
spend between $200–$500 for a just a basic security package consisting of antivirus, firewall, vulnerability scanning,
and minimal monitoring. For full-featured package such as the one offered by SecureConnect that includes cybersecurity for data-at-rest
and data-in-motion, the monthly spent is significantly higher depending on the features included. The MNO Partner’s pricing total
of SecureConnect service offering, including the monthly rental fees for STAX-5G product together with VeeaCloud management, Cybersecurity
service and 5G airtime fees, is less than just the cost of the more popular cybersecurity services offered to SMBs by third-party vendors,
as just a cybersecurity software and/or cloud-based service, without the edge device and many of the features that are supported through
SecureConnect.

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To the best of our knowledge
from a cost performance perspective, range of features, including leading-edge cybersecurity service, and future-proofed