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Crowdkeep and Veea (NASDAQ: VEEA) have announced a strategic partnership to integrate their technologies into a unified AI-enabled multiaccess edge computing platform. This collaboration combines Crowdkeep's IoT platform for asset, people, and condition tracking with Veea's Edge Platform, offering tailored solutions for construction, healthcare, logistics, and education sectors.
The integrated platform provides comprehensive capabilities including employee/student tracking, asset management, environmental monitoring, and emergency response systems. It utilizes advanced technologies such as Edge AI, computer vision, and neural reasoning to deliver actionable insights and automate various processes. The solution aims to optimize operational efficiencies, maximize safety, and streamline management across different industries.
Veea Inc. and Plum Acquisition Corp. I have successfully completed their business combination, approved on June 4, 2024. The combined company, named Veea Inc., will begin trading on the Nasdaq Capital Market under the ticker symbols 'VEEA' for common stock and 'VEEAW' for warrants on September 17, 2024.
Veea offers the Veea Edge Platform™, providing full-stack hybrid edge-cloud computing solutions. The transaction implies a total enterprise value of approximately $335 million, including $36 million raised in a private placement and an additional $15 million subscribed concurrent with the closing.
The company aims to accelerate digital transformation across various industries with its edge infrastructure solutions, combining connectivity, security, AI, and computation into a single platform.
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