Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 987

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 987
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 a mesh router, a firewall, an IoT gateway, NVMe data storage and
4G/5G modules, referred to as the “VeeaHub” product. With an extensive patent portfolio of 125 granted patents and 25 pending
patent applications that cover 26 patent families, our end-to-end Hybrid Edge-Cloud Computing platform represents a new product category
that has the potential for wide scale customer adoption in large segments of consumer and enterprise markets.

Veea Edge Platform’s products,
applications, and services with a distributed computing architecture, offered as a Platform-as-a-Service capability, empower companies
to capitalize on the transformative potential of Edge AI, where most of the data from smartphones, tablets, laptops, cameras, sensors,
and other devices is generated, with data privacy and sovereignty, reliability, low latency for real-time decisions, bandwidth efficiency,
scalability, and reduced costs compared to alternatives.

VeeaHub products, about the size
of a typical Wi-Fi Access Point (AP), are offered in variety of forms with different capabilities for indoor and outdoor coverage and
are both locally- and cloud-managed. Veea Edge Platform architecture and business model, VeeaHubÒ
and third-party devices on Veea Edge Platform with Hybrid Edge-Cloud Computing and AI-enabled applications and services resemble the Android
OS platform architecture and business model for Android devices.

The Veea Edge Platform offers
a complement, and in some cases 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. Benefits of the Veea Edge Platform
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.

leading technology, telecom,

Veea earns revenue primarily
from the sale of its VeeaHub® devices, licenses and subscriptions.

Recent
Developments

Business
Combination

On September 13, 2024 Plum Acquisition Corp. I. (“Plum”)
(NASDAQ: PLMI), a special purpose acquisition company, Private Veea consummated its previously announced Business Combination. In connection
with the consummation of the Business Combination (the “Closing”) (i) Plum de-registered from the Register of Companies in
the Cayman Islands by way of continuation out of the Cayman Islands and into the