Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 80

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 80
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), 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’s ePaaS architecture and business model is similar to Apple’s platform architecture and business model for iPhones and
iPads but extended to hyperconverged VeeaHub devices offered by Veea.

Veea Edge Platform 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 Platform, easily deployable products that fully integrate
hardware, system software, technologies, and edge applications. We are demonstrating, globally, that the Platform enables 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. Gartner
has recognized the innovativeness and capabilities of the platform by naming Veea 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 Veea as one of the top 10 Edge
AI solution providers alongside of IBM, Microsoft, Amazon Web Services (“AWS”) and others.

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 in the 1990s; 2G/3G technology and products at Qualcomm in 1990s; 4G technology and products at NextWave
during the 2000s, and hyper-converged edge computing and communications during the 2010s; and beyond with