Veea Inc. · NASDAQ:VEEA
Veea — Plum Acquisition Corp. I — SPAC Merger (May 2024)
34 slides from Veea's SPAC merger presentation, May 29, 2024
Slide 1: Moving the Cloud & AI to the Device Edge
Moving the Cloud & AI to the Device Edge CONNECTIVITY + COMPUTING + SECURITY + EDGE AI First - to - Market with Hyperconverged Multiaccess Edge - to - Cloud Computing Ma y 20 24
Slide 2: Safe Harbor
This presentation is made solely for informational purposes, and no representation or warranty, express or implied, is made by Veea Inc. or any of its representatives as to the information contained in these materials or disclosed during any related presentations or discussions. In this presentation
Slide 3: Founded by Industry Pioneer who Led the Digital Transformation of Cellular
Founded by Industry Pioneer who Led the Digital Transformation of the Cellular Industry at Qualcomm with Continued Innovations in 2G / 3G / 4G / 5G Allen Salmasi Veea C o - fo unde r , Chairman & C E O Dot W i r e l e s s A 40 - year history of innovations across ever y gene r ation of wir e less i
Slide 4: Senior Leadership
Sen i o r Leadersh i p M a rk T u b inis C h ie f C o mme rcia l Office r Jeff Frie dma n Chief Finan cia l O f ficer Ja n ice K. S mi t h C h ie f Ope ra t ing Office r Rich Kerr S e n io r VP Produ ct D eve lo p m e n t 40 Y e a r s of T e a m Contribu tio n s to Wire l ess Industry Developments f
Slide 5: Veea: At a Glance
Ve e a: At a Glance P i o n ee r i n g D i g it al T r a n s f o r mat io n a t t he E d g e 2014 Ye a r F o rme d > $ 2 1 0 m Total Capital Raised 103 P a t en t s G r a n t e d 3 3 P e n d i n g & Provisional Major S t r a t egic Shareholders • NLabs Inc. • Korea Information & Communications Co •
Slide 6: Veea is Pioneering a First-to-Market Category
I N TE LLI G E N T L Y C O NN EC T E D 6 Sm art Po rt S m a rt M useum I N T E L L I G E N T L Y C O N N E C T E D Veea is Pioneering a First - to - Market Category: Hyperconverged Networks and Secure Edge - to - Cloud Computing … i n O ne T u r n k e y S o l u t i o n a nd P l a t f o r m !
Slide 7: Initially Targeting Four Primary Market Segments That Scale Rapidly
Initially Targeting Four Primary Market Segments That Scale Rapidly Focus on the primary markets have already created opportunities (extensions) in related industries Real Estate ESG & IoT Channel Partners: Honeywell Tridium, ES G D a t a Providers, S m a rt C i t ie s 2 S mart B uildin gs - Ener g
Slide 8: AI is Driving the Move to Compute Everywhere
AI is Driving the Move to Compute Everywhere… Not Just in the Cloud or Datacenters Data needs to be processed where it primarily proliferates and is captured - at the Edge BEFORE: Centralized Processing NOW: Decentralizing Intelligence T he D e v ice E d ge T he IT Wo r ld Source: Gartner – What Edg
Slide 9: Massive Opportunity for Edge Connectivity + Compute + Security
Massive Opportunity for Providing Edge Connectivity + Compute + Security Huge proliferation of Edge devices and data collected away from data centers and the Cloud Massive Increase in Number of Edge Devices (bn) 1 Massive Increase in Data Generated from Edge Devices (zb*) 3 30 24 20 1 9 2021 2023 20
Slide 10: Solutions Have Been Mainly Focused on Bloated Data Centers and the Cloud
Connectivity / Compute / Security Solutions Have Been Mainly Focused on Bloated Data Centers and the Cloud Edge - AI Use C a s e s W h a t E x i s t i n g S o l u t i o n s O ff e r I mp r actical & Ha r d to I mplement Point products requiring expert integration Compute done in Cloud makes real - t
Slide 11: Veea is Accelerating the Move of AI Processing to the Device Edge
Veea is Accelerating the Move of AI Processing to the Device Edge Unlocking the data that will fuel our digital future and AI C e n t r a l cloud Edge c l o u d O n d e v i c e a n d a t D e v i c e E d g e H y brid AI D e v i c e E d g e C onv e r g e nce o f : • Connectivity • H y b r i d E d g e
Slide 12: Veea Solves the Need for Connectivity + Compute + Security at the Edge
Veea Solves the Need for Connectivity + Compute + Security at the Edge C o n ta i n e r i zat i o n Ve e a C o n t ro l C e n t e r Ve e a Hub M a n a ge r S e r v ic e s C O MPUTE SECU R E C O N N ECT ST OR E Integrated platform increases ecosystem value over time Plat f orm St ack VeeaHub Net wor
Slide 13: Secret Sauce #1: Ability to Create a Private Network
Veea’s Secret Sauce #1 : Ability to Create a Private Network: “Cloud - in - a - Box” New Product Category Includes a range of highly unique and m o n e t iza b le clo u d - m a n a ge d A I - dri v e n a pp lica t i o n s a n d v a l u e - a d d e d s e r v ic e s I N TE LLI G E N T L Y C O NN EC T
Slide 14: Secret Sauce #2: Architected for Hyperconvergence
Veea’s Secret Sauce #2 : Architected for Hyperconvergence at the Device Edge E d g e - to - Clou d H y pe r con v e rged I nfr a struct u re VIRTUAL CO MP U T E VIRTUAL M E MO R Y VIRTUAL ST O R A G E VIRTUAL VIRTUAL N E T W OR K MANAG E M ENT ▪ VeeaHub products’ Linux Server provides for a Virtuali
Slide 15: Secret Sauce #3: VeeaWare Software Platform
Veea’s Secret Sauce #3 : VeeaWare Software Platform Enables Critical Apps Running Independently at the Edge Distributed Micro - Cloud Computing at the Device Edge ▪ Linux server with high - performance quad - core CPU and virtualized software environment ▪ API and microservice driven software archit
Slide 16: Secret Sauce #4: Open Software Development Environment
Veea’s Secret Sauce #4 : Container - level Open Software Development Environment Extended to a Very Large Developer Community v B u s Loc a l N e t w or k Veea Developer Portal with advanced self - serve tools to develop Cloud - managed apps ( developer.veea.com ) T appi ng i nt o a l a rg e e x is
Slide 17: Secret Sauce #5: Network Slicing Across LANs
Veea’s Secret Sauce #5 : Network Slicing Across Local Area Networks (LANs) Extends 5G network slicing from Wide Area Networks (WANs) to LANs Groun d b r ea k in g vi r tu a l T r u sted B roa d band A ccess ( v T B A ) x Co - developed with CableLabs (Global Cable Industry R&D Labs) Offers “cellular
Slide 18: Secret Sauce #6a: Ability to Run Transformative AI at the Edge
Veea’s Secret Sauce #6a : Ability to Run Transformative AI at the Edge I N TE LLI G E N T L Y C O NN EC T E D 18 W h e r e i t c a n m a k e t he b i g gest d i ff e r e n c e t o d a y D a ta Co l l e c t ed by Se n sors at t h e Edge AI / ML Run Models at the Edge Data Does n’ t Ha v e to be Sent
Slide 19: Secret Sauce #6b: Enabling AI On-Device Learning
Veea’s Secret Sauce #6b : Enabling AI On - Device Learning Combining Edge Computing with AI will drive transformation across industries Few - shot learning Adapt the model to a few labeled s a m ple s Continuous learning I N TE LLI G E N T L Y C O NN EC T E D 19 with unlabeled data Use unlabeled dat
Slide 20: Secret Sauce #7: Apps & Services Accelerating the Edge Ecosystem
Veea’s Secret Sauce #7 : Apps & Services Accelerating the Edge Ecosystem 3 rd Party Mobile A P P E n a b lement I o T G a t eway a n d D eve lo p me n t To o ls – S t a n da lone o r Integrated with Microsoft Azure IoT & AWS IoT Greengrass V2 I N TE LLI G E N T L Y C O NN EC T E D 20 4G /5G SD - W A
Slide 21: End Result: Turnkey Cloud-to-Edge Solutions Platform
End Result : An Unparalleled Turnkey Cloud - to - Edge Solutions Platform Veea Edge Platform with 5G & AI holds the same promise as the smartphone did for personal computing Core B e n efi t s ▪ M i nim i z e la tency and raw da ta transport to the Cloud, ▪ Pr i vac y , s ec u ri t y , da ta o wners
Slide 22: Veea Monetizes Every Part of the Value Chain
Veea Monetizes Every Part of the Value Chain Directly and Through Partners Integrated - platform increases ecosystem value over time Veea T ech n ology & Chan n el Pa r tn er s Edge Platform - as - a - Service (Subscription ePaaS) $ H a r d w a r e L i c e n s e s Take Rate % D a t a - a s - a - S e
Slide 23: Veea is Leading the Way in Solutions-as-a-Service Categories
Veea is Leading the way in “Solutions” - as - a - Service Categories at the Edge I N TE LLI G E N T L Y C O NN EC T E D 23 Served by VeeaHub Product Portfolio and Veea Edge Platform Hardware - as - a - Service Categories Incorporated into VeeaHub Products* • Edge Co m put i ng f o r Ap p s & Servi c
Slide 24: Major Markets Served to Date
Major Markets Served to Date I N TE LLI G E N T L Y C O NN EC T E D 24 V ee a i s T r ansfo rming E n ti r e V e r t i cal I n dust r i e s ( e x plai n e r v i d e o ) ▪ Cost - effective last mile solutions with value - added services for Internet connectivity optimally suited for • One - third of
Slide 25: Appendix: Current Most Impactful Veea Projects Worldwide
Appendix C u rr e n t M o s t I m p a c t f ul V ee a P r o j e c t s W o r l d w i d e
Slide 26: Veea Brings a Cost-Effective Connectivity Solution to the Unserved World
26 I N TE LLI G E N T L Y C O NN EC T E D Source: ITU/World Bank h t t p s : / / O u r W o r l d l n D ata.o r g / te c hn o l o g i cal - chan g e https://datareportal.com/reports/digital - 2023 - global - overview - report Active Project Areas 6 25 Veea Brings a Cost - Effective Connectivity Solut
Slide 27: The world has a food problem
The world has a food problem 27 Veea Inc. Confidential & Proprietary I N T E L L I G E N T L Y C O N N E C T E D 27 I N T E L L I G E N T L Y C O N N E C T E D * World will need to produce about 98 percent more food by 2050 to feed an estimated 9 billion people.** Veea Edge Platform is expected to p
Slide 28: On-Farm Connectivity, Multi Cloud Support, Application Store
O n - F arm C o nn ect i vit y M ul t i Cl o ud Su pp o rt App l i c at i o n St o re Veea is providing network and value - added solutions to its channel partners, including major cloud service provid ers , IT s o l u ti o ns and s ervi ces companies and several rural telcos, in the US to roll - ou
Slide 29: Transforming the Amazon biome into a digital asset security
• Transforming the Amazon biome into a digital asset security for sustainable environmental impact through a partnership with O.N.E. Amazon, AE C OM , M IT M e d i a Labs, Col o m bi a n governm e nt , USAID, Goldman Sachs, UN agencies and others. • Mo nitori n g t h e rai nfo r e s t with In t erne
Slide 30: Building the Internet of Forests (IoF)
Building the Internet of Forests (IoF) Veea enables the IoF solution with hyperconverged Edge Computing infrastructure • The IoF architecture is based on large - scale LoRaWAN networks, utilizing sensors developed by MIT Media Labs and others, delivered through LoRaWAN gateways of VeeaHub products a
Slide 31: AI-Driven Neural Network for Our Planet
AI - Driven Neural Network for Our Planet A highly valuable open - source complement to IoF The Enterprise Neurosystem • An open - source AI research community, founded on the principle that all the species and ecosystems on this planet are part of a single system. • D e v el o ping a globa l - s c
Slide 32: Veea Edge Platform Provides for Critically Needed Solutions
Veea Edge Platform Provides for Critically Needed Solutions • Tele - education, tele - training and tele - health to make the farming community more productive and healthier • T he global cri s i s i n f oo d s u p p l i es, • Energy management, • Environmental monitoring and reporting, • Natural di
Slide 33: Containerized Honeywell Niagara Framework Enabled by VeeaHub
Containerized Honeywell Niagara Framework Enabled by VeeaHub products The only wired and wireless BMS/EMS solution supporting the full range of IoT and smart building protocols and use cases Monitoring, control and automation of any devi ce o r sy stem Su sta i n a bil i ty reporti n g for a ll syst
Slide 34: Creating a profitable business while saving our planet
Creating a profitable business while saving our planet We retain the required technical capabilities to address many of the global challenges resulting from the current climate emergency, pressing social issues, food insecurity, water pollution and essential health services most efficiently: x “Last