Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 4

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 4
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eea’s Edge AI Platform seamlessly combines
networking, computing, artificial intelligence, and orchestration into a unified, intuitive ecosystem (“Total Fabric”). Our
platform simplifies the complexities of deploying, managing, and scaling intelligent edge solutions, enabling organizations of all sizes
to harness powerful local AI effortlessly. It Provides real-time decision-making, scalability, and enhanced performance for complex Edge
AI use cases. With distributed computing and mesh networking, the platform uniquely offers federated Learning with blockchain, which
is an efficient solution for building a cross-enterprise, cross-data, and cross-domain ecosphere for Edge AI with data privacy and big
data analytics.

2

Our
growth strategy centers on fostering strategic partnerships, expanding distribution channels, and securing partnerships with Network
Operators and Managed Service Providers to reduce churn in their clients relationships. We view ourselves not just as a vendor, but as
a comprehensive provider of services and solutions that address a wide range of our customers’ IT needs.  

Our
Target Markets

Fixed-line or 5G-based Fixed Wireless Broadband Access

STAX-5G is currently the only 5G CPE in the market that supports Multiaccess
Edge Computing (MEC) functionality with Wi-Fi 6 mesh router, IoT gateway, and networking/application mesh along with optional modules
supporting Non-Volatile Memory Express (NVMe) storage and Power-over-Ethernet (POE) with10 GbE interface. With a high level of integration
through a single PCBA implementation, it substantially reduces the production time and costs. Novel stackable mechanical design offers
the opportunity for a wide range of accessories (e.g., smart speakers). An Ericsson forecast provides that the total global Fixed Wireless
Access (FWA) subscriptions will grow at 19 percent year-on-year during the 2022 to 2028 period to reach more than 300 million devices
by 2028.

Currently, Veea has mostly completed the homologation process with one
of the largest global MNOs and is engaged in POCs with several other major MNOs and fixed-line telcos, with major roll-outs anticipated
starting in Q2/Q3 2025.

Unserved/Underserved
Communities 

As
noted in the GSMA Mobile Economy 2023 report, one-third of the world’s population lacks Internet access due to limited or no availability
to cost-effective network infrastructure and services. The Wi-Fi Alliance estimated in their 2021 Global