Veea Inc. (NASDAQ: VEEA) was formed in 2014. We're dedicated to simplifying the journey towards highly secure, simplified and intelligent networks serving every use case with distributed computing from the edge to cloud with AI. Headquartered in New York City, our team combines deep expertise in advanced networking and wireless technologies, cloud-native edge-cloud computing, security, content delivery and AI. With a rich history of innovations and over 117 patents in related technology areas, Veea stands at the forefront of AI-driven hyperconverged computing. We don't just provide technology solutions; but are committed to transforming businesses and their business models cost-effectively and future-proofed. 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.

Our Multiaccess Edge Computing (MEC) platform redefines connectivity and computing at the edge by integrating functions of servers, Network Attached Storage (NAS), routers, firewalls, Wi-Fi Access Points, IoT gateways, and both 4G and 5G connections into one compact solution. Developed from the ground up, this pioneering platform simplifies the complexity typically handled by multiple hardware and software systems, ensuring easier installation, operation, and maintenance. Veea Edge Platform enhances application responsiveness, strengthens cybersecurity, ensures data privacy, and improves context awareness while reducing data transport costs and overall ownership expenses.

"Around 10% of enterprise-generated data is created and processed outside a traditional centralized data center or cloud. By 2025, Gartner predicts this figure will reach 75%"

We're also committed to delivering the promise of Decentralized Physical Infrastructure (DePIN) over multiple partner networks today with edge computing, multi-protocol communications, Edge AI and blockchain that will eventually realize Web 3 for ubiquitous access to data and predictive intelligence with more privacy, security, transparency and personalization.

Veea proudly aligns with the United Nations' Sustainable Development Goals. We believe that technological progress should complement efforts to enhance health, education, and economic growth, while tackling climate change and conserving natural resources. Our dedication extends beyond our business goals to embrace a global partnership for sustainable development, underscoring our commitment to building a better, more equitable world.