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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.
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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