Veea Inc. and Plum Acquisition Corp. I Announce Closing of Business Combination

Quick Summary:

"Demand for hyperconverged edge computing and network connectivity solutions for enterprises and consumer markets with cybersecurity and secure connectivity continues to grow rapidly, and Veea's transformative new product category is well positioned to deliver containerized applications supported by edge AI, groundbreaking cellular-like managed Wi-Fi and IoT devices, and a slew of other product capabilities at the edge".

Veea's Edge Platform, with VeeaHub® products and VeeaWare software, enables private network "Cloud-in-a-Box" solutions at the edge of the network, that not only accelerates the move of AI processing to the edge, but champions digital transformation across many vertical industries that require edge infrastructure solutions.

Veea offers turnkey full-stack hybrid edge-cloud computing with its Veea Edge PlatformTM that integrates multiaccess network connectivity, computing, storage, containerized cybersecurity with secure connectivity and Edge AI where people, places, machines and things connect to the Internet.

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Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets: United StatesCayman IslandsIndonesiaTurkey

Topics: VEEA News Press Releases IPOs VEEAW

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 12:30:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1758 words

Reading Time: 10 minutes read

Sentences: 51 lines

Sentence Length: 35 words per sentence (average)

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

Copyright Owner: © Benzinga

News ID: 22541318

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Official Website: benzinga.com

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