Veea Inc. develops edge computing and communications infrastructure, offering an integrated platform that processes data locally while maintaining cloud connectivity. The company's core offering, its edge Platform-as-a-Service (ePaaS), comprises three primary product lines: VeeaHub converged computing and communications devices for indoor and outdoor deployment; VeeaWare, an edge operating system with associated tools; and VeeaCloud, a cloud-native system for hardware and software deployment. These products incorporate Wi-Fi access points, mesh routing, firewalls, IoT gateways, data storage, and 4G/5G connectivity modules.
The company targets applications requiring distributed computing across climate-controlled buildings, agricultural operations, warehouse logistics, and retail environments. Revenue streams include hardware sales of edge devices, subscription-based managed Wi-Fi services for underserved broadband markets, broadband and fixed wireless access connectivity, and managed services for AI-driven cybersecurity. The company serves mobile network operators, multiple system operators, internet service providers, and other managed service providers seeking to deploy edge computing infrastructure.
Veea operates at modest scale with approximately 45 full-time employees and is headquartered in New York. The company was incorporated in Delaware and is publicly listed on Nasdaq. The organization's geographic footprint and customer concentration remain limited, reflecting its early-stage maturity within the edge computing market.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $-1.88 | $-1.88 | — | |
| 2023 | — | — | — | |
| 2022 | — | — | — | |
| 2021 | — | — | — |