Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 218

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 218
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,044,249 |     |      |  7,337,593 |
| Total                                |     |                          | 101,620,153 |     |      | 88,052,571 |

<div align='center'>F-32

Veea Inc. and Subsidiaries
Notes to Consolidated Financial Statements
Years Ended December 31, 2023 and 2022</div>

14 - SEGMENTATION

As described in Note 3,
the Company operates as one reportable segment - sale of smart computing hubs and related subscriptions and licenses.

The following table summarizes
revenues by geographic area and as a percentage of revenue:

|                    |     | Years Ended December 31, 
 2023                     
 Amount                   |           |     | Percent |     |   |     | 2022   
 Amount |         |     | Percent |       |   |
|:-------------------|:----|:-------------------------|----------:|:----|:--------|----:|:--|:----|:-------|--------:|:----|:--------|------:|:--|
| Americas           |     | $                        |    52,133 |     |         |   1 | % |     | $      | 175,327 |     |         | 78.30 | % |
| EMEA               |     |                          |     1,275 |     |         |   0 | % |     |        |  14,363 |     |         |  6.40 | % |
| APAC               |     |                          |    18,721 |     |         |   0 | % |     |        |  34,362 |     |         | 15.30 | % |
| Hong Kong          |     |                          | 9,000,000 |     |         |  99 | % |     |        |       - |     |         |     - |   |
| Total revenue, net |     | $                        | 9,072,129 |     |         | 100 | % |     | $      | 224,052 |     |         |   100 | % |

Major Customers

For the year ended December 31,
2023 one customer accounted for 99.5% of the Company’s revenue. For the year ended December 31, 2022, no customer accounted
for 10% or more of the Company’s