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Veea Inc. - VEEA STOCK NEWS

Welcome to our dedicated page for Veea news (Ticker: VEEA), a resource for investors and traders seeking the latest updates and insights on Veea stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Veea's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Veea's position in the market.

Rhea-AI Summary

Veea (NASDAQ: VEEA) has partnered with O.N.E. Amazon and AECOM to launch the Internet of Forests (IoF), a hybrid edge-cloud computing solution aimed at protecting the Amazon rainforest. The initiative, supported by the Colombian government, will be demonstrated at the UN Biodiversity Conference in October 2024. The project will deploy advanced monitoring systems in Chiribiquete, Colombia's largest national park, using VeeaHub devices with satellite backhaul to collect and process data from ground sensors and cameras. The technology will enable real-time monitoring of wildfires, deforestation, and biodiversity while providing internet connectivity and sustainable business opportunities for local communities through Smart Farming, water management, and ecotourism.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.26%
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Rhea-AI Summary

Veea (NASDAQ: VEEA) has partnered with Inti Cakrawala Teknologi (ICT) to bring advanced connectivity solutions and asset tracking to mining operations in Southeast Asia. The first live installation is set for October 20, 2024. The partnership aims to address connectivity challenges in remote mining regions, enhancing asset management, security, and employee safety.

Key features of the deployment include:

  • Bi-Directional WiFi for uninterrupted communication
  • IoT Gateways and LoRaWAN Sensors for tracking and monitoring
  • Edge Computing for real-time data processing
  • IoT Meshing and Cloud Connectivity for extended network reach

Veea's solution provides comprehensive connectivity and IoT infrastructure, positioning mining companies to adapt to future technological advancements while reducing operational costs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.42%
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partnership
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Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
133.33%
Tags
partnership AI
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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FAQ

What is the current stock price of Veea (VEEA)?

The current stock price of Veea (VEEA) is $3.67 as of November 4, 2024.

What is the market cap of Veea (VEEA)?

The market cap of Veea (VEEA) is approximately 142.5M.

Veea Inc.

Nasdaq:VEEA

VEEA Rankings

VEEA Stock Data

142.48M
11.22M
68.71%
3.77%
0.16%
Information Technology Services
Services-computer Integrated Systems Design
Link
United States of America
SAN FRANCISCO,