VEEA | Market Cap: $11.0M (07/13/26)
Industry:
Hardware Software

DESCRIPTION

Veea sells an edge computing platform that brings cloud-like computing, AI, storage, and networking capabilities to the "device edge" — the point where phones, sensors, cameras, and machines connect to a network. The core hardware product is the VeeaHub, a compact device that integrates a Linux server, Wi-Fi access point, mesh router, firewall, IoT gateway, storage, and 4G/5G modules into a single unit. VeeaHub devices run Veea's proprietary software stack and are managed via a cloud platform, forming an end-to-end hybrid edge-cloud system called VeeaONE. Veea sells to service providers, ISPs, and system integrators who deploy VeeaONE to their own end customers, including SMBs, real estate owners, rural communities, and enterprises. Veea packages VeeaONE into three service platforms: SecureConnect (an all-in-one broadband, cybersecurity, and AI solution for SMBs, deployed commercially by Telcel in Mexico), AirLynx (managed Wi-Fi for buildings and rural/remote communities, deployed across Latin America, Indonesia, and Uganda), and MetaLynx (a fuller IoT and AI solution for smart buildings, agriculture, retail, and healthcare, including a containerized deployment of Honeywell's Niagara building management system). Veea earns revenue from hardware sales, professional services, and recurring revenue-sharing fees tied to the subscriber bases of its channel partners. The business model is structured as PaaS, with partners signing multi-year agreements and Veea earning a share of the monthly fees they collect from end users.

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