Latest news with #VeeaInc
Yahoo
12-03-2025
- Business
- Yahoo
Veea to Participate in the 37th Annual Roth Conference
NEW YORK, March 12, 2025 (GLOBE NEWSWIRE) -- Veea Inc. (NASDAQ: VEEA), a pioneer in hyperconverged heterogenous Multiaccess Edge Computing (MEC) with AI-driven cybersecurity and edge solutions, today announced that Allen Salmasi, co-founder and CEO will participate in the 37th Annual Roth Conference, which will be held on March 16-18, 2025 in Dana Point, CA. The Company will host 1x1 investor meetings during the conference. To schedule a meeting with Veea, please contact your Roth representative. About VeeaVeea Inc. (NASDAQ: VEEA) was formed in 2014 and is headquartered in New York City with a rich history of major innovations in the development of advanced networking, wireless and computing technologies. Veea® has unified computing, communications, edge storage and cybersecurity solutions through fully integrated cloud- and edge-managed products. Veea's pioneering Multiaccess Edge Computing (MEC) product, developed from the ground up in several compact form factors, brings together the functionality typically provided for through any combination of servers, Network Attached Storage (NAS) devices, routers, firewalls, Wi-Fi APs, IoT gateways, 4G or 5G wireless access, and Cloud Computing by means of multiple hardware, software and systems integrated and maintained by IT/OT professionals. Veea Edge Platform™ is a cloud-managed full-stack platform designed to manage multi-vendor heterogeneous devices with a Linux server hosting VeeaWare stack to enable compute capabilities with any combination of GPUs, TPUs, and NPUs on a networking and computing mesh. VeeaHub products are hyperconverged, multi-access and multi-protocol devices that provide for control plane management of heterogeneous devices on any vMesh cluster. This leading-edge solution enables network slicing for seamless connectivity across diverse network environments with Network Function Virtualization (NFV) and advanced Software Defined Networking (SDN) with fixed-line and/or wireless WAN connection, including 5G. AI-driven cybersecurity and Zero Trust Network Access (ZTNA) provide for a highly simplified Secure Access Service Edge (SASE). Its integrated compute and storage support a virtualized software environment enabling cloud-native applications to run in Secured Docker™ containers. Veea Edge Platform provides for end-to-end cloud management of devices, applications and services. Veea Developer Portal and development tools provide for rapid development of edge applications. The combined capabilities with AI-driven intelligence enables unparalleled scalability, security, and operational efficiency for enterprises, IoT ecosystems, and next-gen AI applications. Veea has been recognized in 2021 and 2023 by Gartner for the innovativeness and capabilities of its Edge Computing platform. Veea was named a top 10 Edge AI solution provider alongside IBM, Microsoft, AWS and others in Market Reports in its research report published in October 2023. For more information, visit and follow us on LinkedIn. The Equity Group Devin SullivanManaging Directordsullivan@ Conor RodriguezAssociatecrodriguez@
Yahoo
17-02-2025
- Business
- Yahoo
VEEA® and VAPOR IO Announce a Strategic Partnership to Provide Turnkey AI-as-a-Service Pioneering Solutions for AI Inferencing, Federated Learning, Agentic AI and AIoT
Visit us at Mobile World Congress in Barcelona, Spain, March 3-6, 2025, for demonstrationsBy appointment (marketing@ in Hall 6, Stand 6A or on M37 Yacht in Port Vell, Barcelona NEW YORK, Feb. 17, 2025 (GLOBE NEWSWIRE) -- Veea Inc. (NASDAQ: VEEA), a pioneer in hyperconverged heterogenous Multiaccess Edge Computing (MEC) with AI-driven cybersecurity and edge solutions and Vapor IO, the leading developer of Zero Gap™ AI for zero-configuration data centers enabling comprehensive training utilizing a catalog of state of the art models, delivering ultra-low latency AI inferencing with private 5G networks across distributed edge locations, announced a partnership to offer turnkey AI-as-a-Service (AIaaS) to enterprises, municipalities and others without investing in capital-intensive edge devices, servers, networking equipment and data center facilities. For enterprise applications, such as Smart Manufacturing, Smart Warehouses, Smart Hospitals, Smart Schools, Smart Construction, Smart Infrastructure, and many others, Veea Edge Platform™ collects and processes the raw data at the Device Edge, where user devices, sensors and machines connect to the network, most importantly, for reasons of low-latency, data privacy and data sovereignty. VeeaWare® full stack software running on VeeaHub® devices and on third-party hardware solutions with GPUs, TPUs or NPUs, such as NVIDIA AGX Orin and Qualcomm Edge AI Box-based hardware on a Veea computing mesh, provide for the full gamut of AI inferencing with cloud-native edge applications and AI-driven cybersecurity with bespoked Agentic AI and AIoT for the specific use cases. Combined with its VeeaCloud management functions, AIoT platform and extension of network slicing through the LAN with SDN and NFV, Veea Edge Platform offers an unrivaled capability for AI inferencing for enterprise use cases at the edge. The core of Vapor IO's Zero Gap AI is built around Supermicro MGX servers with the NVIDIA GH200 Grace Hopper Superchip for high-performance accelerated computing and AI applications. The Zero Gap AI makes it possible to simultaneously deliver AI inferencing and train complex models while supporting 5G private networks, including NVIDIA Aerial-based 5G private network services. Through a PoC together with Supermicro and NVIDIA in Las Vegas, Vapor IO demonstrated how Zero Gap AI customers can receive the benefits of AI inferencing for a range of use cases including by those in mobile environments with the highest level of performance and reliability that may be achieved today. For low-latency use cases, Zero Gap AI is offered as high-performance micro data centers, strategically placed in close proximity where AI inferencing is delivered. Zero Gap AI offering provides for the AI tools, libraries, SDKs, pre-trained models, frameworks and other components that may optionally be employed to develop AI apps. 'AI represents a new class of software. Just as computing evolved from the client-server architectures to more decentralized models, for most enterprise applications AI will inevitably migrate to the edge sooner rather than later—driven by the need for data sovereignty, real-time processing, lower latency, enhanced security, and greater autonomy. The future of AI is on the edge, where intelligence meets efficiency,' stated Allen Salmasi, co-founder and CEO of Veea. 'As the first PCs brought general computing to business customers first, through the partnership with Vapor IO, we intend to accomplish the same by streamlining the application of AI where data is generated at the edge. By integrating scalable computing, storage, hyperconverged networking and AI-driven cybersecurity into a unified system with a cloud-native architecture at Device Edge and VeeaCloud management capabilities together with Vapor IO we have taken much of the uncertainty and friction out of the adoption of AI at the edge.' The combined capabilities of Veea Edge Platform and Zero Gap AI, offer a unified, automated platform with orchestration for seamless workload distribution, which enables a new class of collaborative, distributed AI applications as an AI-in-a-Box solution: VeeaCloud management of GPU clusters - Plays a crucial role in balancing performance, scalability, and efficiency for AI inferencing, while utilizing cloud orchestration for resource optimization, model updates, and intelligent workload distribution. Providing On-Demand AI Compute – Eliminates the need for enterprises to invest in costly on-prem AI hardware by offering scalable, GPU-accelerated AI compute at the edge. Enabling AI at Any Scale – Supports AI workloads ranging from lightweight IoT analytics to full-scale deep learning training, ensuring enterprises can adopt AI incrementally or at full scale. Harnessing Agentic AI – Integrates intelligent, autonomous decision-making capabilities that enable AI systems to adapt and optimize their performance in real-time, enhancing the effectiveness of applications across various edge environments. Facilitating Federated Learning – Supports collaborative model training across distributed edge devices while maintaining data privacy, allowing enterprises to leverage insights from decentralized data sources without compromising sensitive information. Supporting Model Hosting & AI Inference – Allows users to deploy, manage, and scale AI models in real-time, with low-latency inference APIs available across edge locations. Offering Bare Metal and Virtualized AI Instances – Users can lease dedicated AI hardware or deploy workloads in multi-tenant GPU/CPU environments, ensuring flexibility for both small and large-scale AI applications. Integrating Edge Storage & AI Data Management – Includes NVMe-based high-speed caching for inference and object storage for large-scale AI datasets, reducing reliance on cloud-based data transfers. Ensuring Seamless Connectivity Options – A range of ultra-low latency connectivity options to optimize AI data transfer between on-prem devices and Edge-to-Edge compute. Reducing AI Deployment Complexity – Automates AI workload orchestration, allowing businesses to expand, migrate, or failover AI models across distributed edge nodes without manual reconfiguration. Accelerating Time-to-Value for AI Deployments – Provides a pre-integrated solution that reduces AI setup time from months to minutes, allowing enterprises to launch AI-powered solutions with minimal friction and on-going maintenance. 'According to Gartner, 85% of all AI models/projects fail because of poor data quality or little to no relevant data. We have largely addressed this industry pain point most cost-effectively with much reduced complexity and little risk of disappointment through our Edge-to-Edge partnership with Veea,' explained Cole Crawford, Vapor IO's founder and CEO. 'With our substantial ecosystem of major partners and developers, we are well positioned to offer one of the most competitive turnkey real-time AI inferencing capabilities in the market with federated learning, Agentic AI and AIoT to public and private enterprises.' About Veea Veea Inc. (NASDAQ: VEEA) was formed in 2014 and is headquartered in New York City with a rich history of major innovations in the development of advanced networking, wireless and computing technologies. Veea® has unified computing, communications, edge storage and cybersecurity solutions through fully integrated cloud- and edge-managed products. Veea's pioneering Multiaccess Edge Computing (MEC) product, developed from the ground up in several compact form factors, brings together the functionality typically provided for through any combination of servers, Network Attached Storage (NAS) devices, routers, firewalls, Wi-Fi APs, IoT gateways, 4G or 5G wireless access, and Cloud Computing by means of multiple hardware, software and systems integrated and maintained by IT/OT professionals. Veea Edge Platform™ is a cloud-managed full-stack platform designed to manage multi-vendor heterogeneous devices with a Linux server hosting VeeaWare stack to enable compute capabilities with any combination of GPUs, TPUs, and NPUs on a networking and computing mesh. VeeaHub products are hyperconverged, multi-access and multi-protocol devices that provide for control plane management of heterogeneous devices on any vMesh cluster. This leading-edge solution enables network slicing for seamless connectivity across diverse network environments with Network Function Virtualization (NFV) and advanced Software Defined Networking (SDN) with fixed-line and/or wireless WAN connection, including 5G. AI-driven cybersecurity and Zero Trust Network Access (ZTNA) provide for a highly simplified Secure Access Service Edge (SASE). Its integrated compute and storage support a virtualized software environment enabling cloud-native applications to run in Secured Docker™ containers. Veea Edge Platform provides for end-to-end cloud management of devices, applications and services. Veea Developer Portal and development tools provide for rapid development of edge applications. The combined capabilities with AI-driven intelligence enables unparalleled scalability, security, and operational efficiency for enterprises, IoT ecosystems, and next-gen AI applications. Veea has been recognized in 2021 and 2023 by Gartner for the innovativeness and capabilities of its Edge Computing platform. Veea was named a top 10 Edge AI solution provider alongside IBM, Microsoft, AWS and others in Market Reports in its research report published in October 2023. For more information, visit and follow us on LinkedIn. About Vapor IOVapor IO stands at the forefront of the AI revolution, delivering ultra-fast and ultra-low latency solutions on- premises and across distributed edge locations with AI and private 5G networks. The company's Zero Gap™ AI platform uniquely delivers on-demand GPUs and AI services directly to the locations where it's needed and through Network-Delivered AI services in 36 key U.S. markets, including cities like Dallas, Las Vegas, and Seattle. Zero Gap AI uses Vapor IO's Kinetic Grid® infrastructure, Supermicro's AI-optimized servers, and NVIDIA's groundbreaking AI silicon, including NVIDIA Aerial 5G private networks, to offer on-demand AI services in top U.S. markets. Zero Gap AI is a uniquely cost-effective way for enterprises, municipalities, and cloud providers to implement or expand their AI capabilities without investing in capital-intensive servers, networking equipment and data center facilities. Multiple AI access points in each market can be configured as availability zones, allowing for nearly unlimited degrees of resilience and continuous operating without interruption. Uniquely packaged with spectrum, highly optimized NVIDIA Aerial 5G private network services extend Zero Gap AI services to wherever they're needed in many markets. Vapor IO's extensive partner ecosystem can deliver specialized AI solutions built around the Zero Gap platform. From Smart City to Smart Retail, network of partners has the industry know how to build best-in-class solutions. Discover the difference Vapor IO can make with Network-Delivered AI solutions that fit your specific needs. Visit to learn more. Zero Gap, Vapor, Kinetic Edge, Kinetic Grid, and Kinetic Edge Exchange are registered trademarks or trademarks of Vapor IO, Inc. Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act") as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "would," "could," "seek," "intend," "plan," "goal," "project," "estimate," "anticipate," "strategy," "future," "likely" or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company's strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company's actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: the Company's business strategies, and the risk and uncertainties described in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Cautionary Note on Forward-Looking Statements" and the additional risk described in Veea's Form 10-Q for the fiscal quarter ended September 30, 2024 and any subsequent filings which Veea makes with the U.S. Securities and Exchange Commission. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in the press release relate only to events or information as of the date on which the statements are made in the press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by law. You should read this press release with the understanding that our actual future results may be materially different from what we expect. The Equity Group Devin SullivanManaging Directordsullivan@ Conor RodriguezAssociatecrodriguez@ in to access your portfolio
Yahoo
06-02-2025
- Business
- Yahoo
Veea Announces Upcoming Industry Conference Schedule
NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Veea Inc. (NASDAQ: VEEA), a pioneer in edge computing and AI-driven solutions, today announced the Company's upcoming conference presentation schedule. The Company will be offering attendees the opportunity to learn more about the Veea Edge Platform™ and its broad range of applications across end markets. OATSCON25 February 6-7, 2025 An annual gathering of experts to address some of the most promising avenues for sustainable food-ag system improvements, from novel applications of sensing, networking, and computation to big data science, visualization, and analytics. Veea has deployed its hyperconverged Edge Platform in use cases that promote precision agriculture. Presenter: Tom Williams, Veea's Vice President Worldwide Sales & MarketingTopic: Connectivity in Rural SpacesTitle: 'Connecting Rural Communities' Day: Thursday, February 6, 2025 Time: 2:00 pm Location: Purdue University, West Lafayette, IN AHR ExpoFebruary 10-12, 2025Orlando, Florida The International Air-Conditioning, Heating, Refrigerating Exposition (AHR Expo), which started in 1930 as a heating and ventilation show, has grown into the largest event in the world exclusively focused on the HVACR industry. The 2025 Show will host industry professionals from all across the United States and worldwide. Attendees can learn about Veea's Edge Platform - a highly flexible, cloud-connected platform that ensures seamless integration with third-party hardware and software to enable building owners and operators to easily add new data sets to their platforms allowing for improved control and monitoring while supporting their digital transformation journey. MWC Barcelona 2025March 3-6, 2025Barcelona, Spain Hall 6 Mobile World Congress (MWC) Barcelona, the world's largest and most influential connectivity event, is attended by global mobile operators, device manufacturers, technology providers, vendors and content owners. Attendees are encouraged to learn more about how the Veea Edge Platform and Veea's Trusted Broadband Access (vTBA) can provide a path towards 5G/Wi-Fi Fixed Mobile Convergence. About Veea Veea Inc. (NASDAQ: VEEA) was formed in 2014 and is headquartered in New York City with a rich history of major innovations in the development of advanced networking, wireless and computing technologies. Veea makes living and working at the edge simpler and more secure. Veea has unified multi-tenant computing, multiaccess multiprotocol communications, edge storage and cybersecurity solutions through fully integrated cloud- and edge-managed products. Veea's fully integrated turnkey solution offers end-to-end cloud management of devices, applications and services with Zero Trust Network Access (ZTNA), optionally with a highly simplified plug and play 5G-based Secure Access Service Edge (SASE) offering. Veea Edge Platform™ enables direct connections from the wide area optical fiber, cellular and satellite networks to devices on the local area networks created by a VeeaHub® mesh cluster over network-managed Wi-Fi and IoT devices - a unique patented capability called Multiprotocol Private Network Slicing (MPNS) for ISPs to offer subscription-based services for one or a group of endpoints. Veea Developer Portal and development tools provide for rapid development of edge applications including federated learning with pre-trained models for inferencing to cost-effectively enable Edge AI for most enterprise use cases. Veea was recognized in 2023 by Gartner as a Leading Smart Edge Platform for the innovativeness and capabilities of our Veea Edge Platform™ and a Cool Vendor in Edge Computing in 2021. Veea was named in Market Reports World's in its research report published in October 2023 as one of the top 10 Edge AI solution providers alongside IBM, Microsoft, Amazon Web Services among others. For more information about Veea and its product offerings, visit and follow us on LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act") as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "would," "could," "seek," "intend," "plan," "goal," "project," "estimate," "anticipate," "strategy," "future," "likely" or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company's strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company's actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: the Company's business strategies, and the risk and uncertainties described in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Cautionary Note on Forward-Looking Statements" and the additional risk described in Veea's Form 10-Q for the fiscal quarter ended September 30, 2024 and any subsequent filings which Veea makes with the U.S. Securities and Exchange Commission. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in the press release relate only to events or information as of the date on which the statements are made in the press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by law. You should read this press release with the understanding that our actual future results may be materially different from what we expect. The Equity GroupDevin SullivanManaging Directordsullivan@ Conor RodriguezAssociatecrodriguez@
Associated Press
05-02-2025
- Business
- Associated Press
Veea Issues Letter to Shareholders
NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Veea Inc. (NASDAQ: VEEA), a pioneer in edge computing and AI-driven solutions, today issued a Letter to Shareholders from Founder and Chief Executive Officer Allen Salmasi. Dear Fellow Shareholders, On the occasion of Veea ringing the Nasdaq Opening Bell on February 5, I want to welcome our shareholders and share our insights with respect to our vision, strategy, and the opportunities that lie ahead. Connecting the World at the Edge I am thrilled to share with you that a monumental shift in technology has occurred, one that now directly aligns with our vision of the future dating back to the founding of the company ten years ago. This transformation is the convergence of Edge Computing, Hyperconverged Networks, and the application of Artificial Intelligence (AI) at the very edge that all things connect to the network, commonly referred to as Edge AI. We have developed a portfolio of fully integrated, scalable, and turnkey wireless and wired communications and computing devices and services - VeeaHub products, VeeaWare, and VeeaCloud – that deliver cloud-to-edge solutions and allow businesses to manage high volumes of data to enable real-time applications and maintain system reliability. Our solutions have been iterated over the last several years to minimize production costs, reduce installation expenses, and deliver scalability with easy integration to third party solutions, resulting in a lower total cost of ownership compared to typical edge computing solutions. We possess more than 100 exclusively-owned patents covering 26 patent families, and a significant partner ecosystem. Our products have been deployed to enterprises and SMB/SMEs across several countries, providing real-world solutions across various end markets. We are transforming lives from remote villages in Indonesia, where Veea's mesh network is empowering internet connectivity in health, education, and agriculture, to retailers in Mexico, farms in North America, a campus in Hong Kong, and a 21-acre commercial building complex in Orlando, Florida where our Veea Edge Platform is enabling common indoor and outdoor common area Wi-Fi. Well Positioned to Support the 5th Industrial Revolution Significant advances in AI technologies are now driving the 5th Industrial Revolution, fundamentally reshaping how we live, work, and interact. Unlike previous industrial revolutions driven by mechanization, electricity, computing, and automation, the 5th Industrial Revolution is characterized by the seamless integration of AI and human intelligence to enhance decision-making, improve productivity, and drive innovation across every sector. This is not just a technological trend; it is a pivotal force shaping the future of industries, economies, and our organization. AI inferencing is at the heart of this revolution, driving a new business paradigm that demands a fresh approach to technology infrastructure and service delivery. AI inferencing refers to the process where a trained AI model applies its learned knowledge to analyze new, unseen data and generate predictions or decisions based on the patterns it has identified during training; essentially, it's the 'action' of using an AI model to make sense of 'new information' and draw conclusions from it. For many enterprise and consumer use cases massive amounts of data must be collected and processed at the edge. Among many of its utilities, this is what Veea Edge Platform does most efficiently. Veea's unique implementation of Edge AI brings the power of AI closer to where data is generated—at the 'edge' of networks. This means faster decision-making, reduced latency, enhanced security, increased reliability, data privacy and sovereignty, and real-time insights without the dependency on centralized cloud infrastructure. Edge Computing complements this by processing data locally, significantly improving efficiency and reducing bandwidth costs. Edge Computing is not just a supporting technology—it is the core capability that enables AI inferencing to deliver real-time, context-aware insights to both enterprises and consumers alike. By processing data closer to the source, Edge Computing ensures that AI applications are responsive, resilient, and efficient. This shift requires businesses to adopt new operational models, emphasizing agility, scalability, and decentralized intelligence. AI-as-a-Service (AIaaS) At Veea, we are at the forefront of this transformation, leveraging Edge Computing to power our AI-as-a-Service (AIaaS) offerings. Traditional business models are no longer sufficient to support the speed, scale, and complexity required by broadly adopted AI-driven applications. Some believe that AI Agents will eventually replace SaaS solutions. Hyperconverged Networking (HCN) is the backbone that supports this rapid data processing and AI-driven environment. By integrating computing, storage, and networking into a unified system, HCN enhances scalability, simplifies IT infrastructure, and ensures robust data flow between edge devices and core systems. Veea's virtualized software environment, supporting cloud-native applications, together with one of the most advanced HCN implementations, positions us very well to lead in the delivery of highly optimized solutions in this new era, creating unparalleled value for our customers and sustainable growth for our shareholders. Through the seamless integration of Edge AI, Edge Computing, and Hyperconverged Networking, all supported by Veea's cloud-managed products, we are driving: - Innovation: Delivering cutting-edge products and services that meet the demands of the widest range of the rapidly evolving digital landscape. - Operational Efficiency: Reducing costs and improving performance for many industries. - Growth Opportunities: Expanding into new markets and sectors that are rapidly adopting AI inferencing and edge technologies. - Shareholder Value: Enhancing our competitive advantage, creating revenue streams, and supporting long-term financial performance. A Unique Business Model Supported by Technology that Delivers Solutions to Real World Problems What sets Veea apart in this transformative era is our unique business model as a Managed Service Provider (MSP) that is delivering solutions such i) as 5G fixed wireless access through our VeeaHub edge computing products with AI-driven cybersecurity, and a range of value-added services currently being rolled-out by network operators to SMBs and SME, as one of its highly scalable use cases, and ii) Edge AI inferencing through our innovative AIaaS offering with complete turnkey hardware and software solutions (i.e., full stack). This model allows us to deliver AI-powered applications and insights at scale without requiring the end-users to invest heavily in infrastructure or specialized talent. Through our AIaaS platform, we provide end-to-end management of AI workloads, from deployment and optimization to continuous monitoring and maintenance. This approach offers several key differentiators: - Scalability: Clients can easily scale their AI capabilities as their business grows, without the complexities of managing hardware and software. - Cost Efficiency: By offering AI on a subscription basis, we lower the barriers to entry, making advanced AI accessible to organizations of all sizes. - Agility: Our managed services enable rapid deployment and iteration, allowing businesses to adapt quickly to changing market demands. - Expertise: Clients benefit from our deep expertise in AI, edge computing, and hyperconverged networking, ensuring optimal performance and reliability. AI inferencing supported by Edge AI represents a compelling business model and a significant growth opportunity for several reasons: - Explosive Market Demand: The global demand for real-time, data-driven decision-making is rising across industries including retail, healthcare, manufacturing, smart buildings, smart cities, and smart farming. Organizations need solutions that process data instantly, making Edge AI inferencing critical. - Recurring Revenue Streams: The MSP and AIaaS business models enable predictable, recurring revenue through subscription-based offerings. This stabilizes our financial outlook and supports sustainable growth. - Competitive Advantage: Edge AI allows businesses to differentiate themselves through faster, smarter, and more secure operations. By providing managed AI inferencing services, we help our clients maintain a competitive edge, which in turn strengthens our market position. - Lower Total Cost of Ownership (TCO): Our managed services reduce the cost and complexity for customers, making it more attractive for businesses to adopt advanced AI without large upfront investments. - Global Scalability: The decentralized nature of Edge AI allows us to serve clients worldwide, expanding our reach and unlocking new markets without the limitations of traditional centralized data processing. - Rapid Innovation Cycle: Continuous improvements in AI algorithms, edge devices, and networking technologies create opportunities for us to innovate and offer enhanced services regularly, driving both customer retention and new customer acquisition. - Portable Software Stack: Our full stack software can run on third-party hardware (i.e., CPU-based or GPU-based servers, Access Points (APs), routers, etc.) with a Linux host that meet our minimum requirements, making our cloud-managed platform hardware agnostic. In Closing Our commitment to innovation and excellence, combined with a differentiated business model, not only strengthens our value proposition to customers but also positions us to develop a robust, recurring revenue stream that drives sustainable growth and profitability. We are committed to investing in these transformative technologies, fostering strategic partnerships, and continuing to lead in innovation. Our goal is to ensure that Veea remains at the forefront of this technological revolution, delivering growth and value to our shareholders. Thank you for your continued support and trust in our vision. Together, we are shaping the future. Warm regards, Allen Salmasi Founder & Chief Executive Officer About Veea Veea Inc. (NASDAQ: VEEA) was formed in 2014 and is headquartered in New York City with a rich history of major innovations in the development of advanced networking, wireless and computing technologies. Veea makes living and working at the edge simpler and more secure. Veea has unified multi-tenant computing, multiaccess multiprotocol communications, edge storage and cybersecurity solutions through fully integrated cloud- and edge-managed products. Veea's fully integrated turnkey solution offers end-to-end cloud management of devices, applications and services with Zero Trust Network Access (ZTNA), optionally with a highly simplified plug and play 5G-based Secure Access Service Edge (SASE) offering. Veea Edge Platform™ enables direct connections from the wide area optical fiber, cellular and satellite networks to devices on the local area networks created by a VeeaHub® mesh cluster over network-managed Wi-Fi and IoT devices - a unique patented capability called Multiprotocol Private Network Slicing (MPNS) for ISPs to offer subscription-based services for one or a group of endpoints. Veea Developer Portal and development tools provide for rapid development of edge applications including federated learning with pre-trained models for inferencing to cost-effectively enable Edge AI for most enterprise use cases. Veea was recognized in 2023 by Gartner as a Leading Smart Edge Platform for the innovativeness and capabilities of our Veea Edge Platform™ and a Cool Vendor in Edge Computing in 2021. Veea was named in Market Reports World's in its research report published in October 2023 as one of the top 10 Edge AI solution providers alongside IBM, Microsoft, Amazon Web Services among others. For more information about Veea and its product offerings, visit and follow us on LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ('Securities Act') as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as 'believe,' 'expect,' 'may,' 'will,' 'should,' 'would,' 'could,' 'seek,' 'intend,' 'plan,' 'goal,' 'project,' 'estimate,' 'anticipate,' 'strategy,' 'future,' 'likely' or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company's strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company's actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: the Company's business strategies, and the risk and uncertainties described in 'Risk Factors,' 'Management's Discussion and Analysis of Financial Condition and Results of Operations,' 'Cautionary Note on Forward-Looking Statements' and the additional risk described in Veea's Form 10-Q for the fiscal quarter ended September 30, 2024 and any subsequent filings which Veea makes with the U.S. Securities and Exchange Commission. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in the press release relate only to events or information as of the date on which the statements are made in the press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by law. You should read this press release with the understanding that our actual future results may be materially different from what we expect. The Equity Group Managing Director Conor Rodriguez Analyst
