According to filings with the U.S. Securities and Exchange Commission, Veea is raising $70,000,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Allen Salmasi played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Veea
Veea Inc. is a global leader in smart edge solutions. Veeas Edge Platform is the ideal solution for building and delivering Industry 4.0 applications; with its comprehensive suite of features and capabilities, it is designed to meet the needs of todays businesses and organizations. Driven by advances in connectivity, data and new technologies such as AI/ML, IoT and V/AR, industry, economics, and society are transforming. Cloud-centric architectures now face challenges due to the sheer quantity of data being generated, processed and stored, as well as the growth in demand for these services. Edge Computing is the key to addressing these challenges. Veeas Edge Platform offers a unified solution that integrates connectivity, communications, and computing at the edge. With simplified installation, integration and operation, the Platform enables efficient operational processes with reduced complexity, risk, and costs by reducing latency and bandwidth requirements while enhancing security, privacy, scalability and reliability.

To learn more about Veea, visit http://www.veea.com/

Contact:
Allen Salmasi, Chief Executive Officer
212-535-6050
https://www.linkedin.com/in/asalmasi/

SOURCE: http://www.intelligence360.io
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