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Veea Issues Letter to Shareholders

GlobeNewswire LogoGlobeNewswire11h ago

Veea Issues Letter to Shareholders - GlobeNewswire

Quick Summary:

By providing managed AI inferencing services, we help our clients maintain a competitive edge, which in turn strengthens our market position.- Lower Total Cost of Ownership (TCO): Our managed services reduce the cost and complexity for customers, making it more attractive for businesses to adopt advanced AI without large upfront investments.- Global Scalability: The decentralized nature of Edge AI allows us to serve clients worldwide, expanding our reach and unlocking new markets without the limitations of traditional centralized data processing.- Rapid Innovation Cycle: Continuous improvements in AI algorithms, edge devices, and networking technologies create opportunities for us to innovate and offer enhanced services regularly, driving both customer retention and new customer acquisition.- Portable Software Stack: Our full stack software can run on third-party hardware (i.e., CPU-based or GPU-based servers, Access Points (APs), routers, etc.) with a Linux host that meet our minimum requirements, making our cloud-managed platform hardware agnostic.

A Unique Business Model Supported by Technology that Delivers Solutions to Real World ProblemsWhat sets Veea apart in this transformative era is our unique business model as a Managed Service Provider (MSP) that is delivering solutions such i) as 5G fixed wireless access through our VeeaHub edge computing products with AI-driven cybersecurity, and a range of value-added services currently being rolled-out by network operators to SMBs and SME, as one of its highly scalable use cases, and ii) Edge AI inferencing through our innovative AIaaS offering with complete turnkey hardware and software solutions (i.e., full stack).

Through the seamless integration of Edge AI, Edge Computing, and Hyperconverged Networking, all supported by Veea’s cloud-managed products, we are driving: - Innovation: Delivering cutting-edge products and services that meet the demands of the widest range of the rapidly evolving digital landscape.- Operational Efficiency: Reducing costs and improving performance for many industries.- Growth Opportunities: Expanding into new markets and sectors that are rapidly adopting AI inferencing and edge technologies.- Shareholder Value: Enhancing our competitive advantage, creating revenue streams, and supporting long-term financial performance.

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Article Details

Author / Journalist: Veea Inc.

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-04 @ 23:30:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 2003 words

Reading Time: 12 minutes read

Sentences: 56 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 25899390

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 92 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 10 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

Publisher Details

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  • URL: https://chronographically.beamstart.com/news/veea-issues-letter-to-shareholders-17387118688517

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