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Veea Inc. (NASDAQ: VEEA) and Vapor IO have announced a strategic partnership to provide turnkey AI-as-a-Service solutions. The collaboration combines Veea's Edge Platform™ with Vapor IO's Zero Gap™ AI technology to offer enterprise-grade AI solutions without requiring capital-intensive infrastructure investments.
The partnership leverages VeeaWare® software running on VeeaHub® devices and third-party hardware with GPUs, TPUs, or NPUs, enabling AI inferencing with cloud-native edge applications. Vapor IO's Zero Gap AI utilizes Supermicro MGX servers with NVIDIA GH200 Grace Hopper Superchip for high-performance computing.
The combined solution offers ten key capabilities, including VeeaCloud GPU cluster management, on-demand AI compute, federated learning, Agentic AI integration, and seamless connectivity options. The platform aims to reduce AI deployment complexity and accelerate time-to-value for enterprise AI implementations.
Veea Inc. (NASDAQ: VEEA), an edge computing and AI solutions provider, has announced its upcoming conference schedule for early 2025. The company will showcase its Veea Edge Platform at three major industry events:
1. OATSCON25 (Feb 6-7) at Purdue University, focusing on sustainable food-ag systems, where VP Tom Williams will present on rural connectivity
2. AHR Expo (Feb 10-12) in Orlando, the world's largest HVACR industry event, where Veea will demonstrate their platform's capabilities for building management and digital transformation
3. MWC Barcelona 2025 (March 3-6), the world's largest connectivity event, where Veea will present their Edge Platform and Trusted Broadband Access solutions for 5G/Wi-Fi Fixed Mobile Convergence
Veea Inc. (NASDAQ: VEEA) issued a shareholder letter highlighting its position in edge computing and AI-driven solutions. The company's technology portfolio includes VeeaHub products, VeeaWare, and VeeaCloud, delivering cloud-to-edge solutions with over 100 patents across 26 patent families.
The letter emphasizes Veea's role in the 5th Industrial Revolution, focusing on AI inferencing at the edge. Their business model as a Managed Service Provider (MSP) offers AI-as-a-Service (AIaaS) through a subscription-based model, providing scalable solutions for enterprises and SMBs.
Key differentiators include their hyperconverged networking implementation, portable software stack compatibility with third-party hardware, and deployments across various sectors from Indonesian villages to commercial complexes in Florida. The company's strategy focuses on delivering lower total cost of ownership compared to typical edge computing solutions while generating recurring revenue streams.
Veea (NASDAQ: VEEA), a technology company focused on edge computing and AI with smart connectivity solutions, announced it will ring the Opening Bell at the Nasdaq MarketSite in Times Square, New York City on February 5, 2025. The ceremony will feature CEO Allen Salmasi alongside board members, management team, SPAC sponsor Plum Acquisition Corp. I, and advisors.
Founded in 2014, Veea specializes in developing integrated wireless communication solutions that simplify and secure connectivity at the edge - where people, places, and things connect to the network. The bell-ringing ceremony will be broadcast live at 9:15 a.m. Eastern Time through Nasdaq's website.
MARQUEE Wireless and Veea (NASDAQ: VEEA) announced a strategic partnership to deploy innovative smart city solutions using MARQUEE's SMARTCELL™ platform integrated with Veea's Edge Computing technology. The collaboration aims to extend cellular networks with AI-driven edge applications. MARQUEE's SMARTCELL™ provides cellular coverage solutions with features like digital displays, EV charging, and surveillance cameras, supported by existing contracts with AT&T and Verizon. The partnership leverages Veea's MEC middleware for cybersecure networking and Edge AI capabilities, focusing on smart energy management and urban infrastructure optimization.
DeepGreenX and Veea (NASDAQ: VEEA) have announced a global strategic partnership to implement an AI-driven virtual energy grid. The initiative includes a US$140 billion lease-financed infrastructure over 5 years, with $2.8 billion allocated for Veea Edge Platform™ in 2025 as part of a $10 billion edge infrastructure investment. The partnership will transform sustainable energy sources into Real-World Assets through Veea's cybersecure edge computing platform, enabling trading on DeepGreenX's ECEx exchange. The platform will integrate blockchain, Edge AI OS, and energy management frameworks for virtual grid management.
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.
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.
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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