VEEA® Announces Acquisition of AI-Enabled Smart Spaces Provider Crowdkeep
Veea (NASDAQ: VEEA), an edge computing and AI solutions company, has acquired Crowdkeep's technology for shares of common stock and other consideration. Crowdkeep's enterprise IoT platform will be integrated with Veea's Edge Platform to enhance workplace operations management across various sectors including schools, hospitals, hotels, and manufacturing centers.
The combined solution offers real-time management capabilities with features including edge AI, 5G communications, distributed storage, and enterprise-grade cybersecurity. The acquisition strengthens Veea's position in hybrid edge-cloud computing and expands its global market presence.
As part of the acquisition, Helder Antunes, Crowdkeep's CEO and Veea board member, will join Veea as Executive Vice President and Chief Revenue Officer. Antunes brings over 20 years of executive experience at Cisco Systems and was the founding Chairman of the OpenFog Consortium.
Veea (NASDAQ: VEEA), azienda specializzata in soluzioni di edge computing e intelligenza artificiale, ha acquisito la tecnologia di Crowdkeep in cambio di azioni ordinarie e altre forme di compenso. La piattaforma IoT enterprise di Crowdkeep sarà integrata con la Edge Platform di Veea per migliorare la gestione delle operazioni nei luoghi di lavoro in diversi settori, tra cui scuole, ospedali, hotel e centri di produzione.
La soluzione combinata offre capacità di gestione in tempo reale con funzionalità come edge AI, comunicazioni 5G, archiviazione distribuita e sicurezza informatica di livello enterprise. L'acquisizione rafforza la posizione di Veea nel computing ibrido edge-cloud e ne amplia la presenza sul mercato globale.
Come parte dell'acquisizione, Helder Antunes, CEO di Crowdkeep e membro del consiglio di amministrazione di Veea, entrerà in Veea come Vicepresidente Esecutivo e Chief Revenue Officer. Antunes porta con sé oltre 20 anni di esperienza dirigenziale in Cisco Systems ed è stato il presidente fondatore dell'OpenFog Consortium.
Veea (NASDAQ: VEEA), una empresa de soluciones de edge computing e inteligencia artificial, ha adquirido la tecnología de Crowdkeep a cambio de acciones ordinarias y otras consideraciones. La plataforma IoT empresarial de Crowdkeep se integrará con la Edge Platform de Veea para mejorar la gestión de operaciones en lugares de trabajo en diversos sectores, incluyendo escuelas, hospitales, hoteles y centros de manufactura.
La solución combinada ofrece capacidades de gestión en tiempo real con características como edge AI, comunicaciones 5G, almacenamiento distribuido y ciberseguridad de nivel empresarial. La adquisición fortalece la posición de Veea en la computación híbrida edge-cloud y expande su presencia en el mercado global.
Como parte de la adquisición, Helder Antunes, CEO de Crowdkeep y miembro del consejo de administración de Veea, se unirá a Veea como Vicepresidente Ejecutivo y Director de Ingresos. Antunes aporta más de 20 años de experiencia ejecutiva en Cisco Systems y fue presidente fundador del OpenFog Consortium.
Veea(NASDAQ: VEEA)는 엣지 컴퓨팅 및 AI 솔루션 기업으로, Crowdkeep의 기술을 보통주 및 기타 대가로 인수했습니다. Crowdkeep의 엔터프라이즈 IoT 플랫폼은 Veea의 엣지 플랫폼과 통합되어 학교, 병원, 호텔, 제조 센터 등 다양한 분야의 업무 운영 관리를 향상시킬 예정입니다.
통합 솔루션은 엣지 AI, 5G 통신, 분산 저장, 엔터프라이즈급 사이버 보안 등 실시간 관리 기능을 제공합니다. 이번 인수로 Veea는 하이브리드 엣지-클라우드 컴퓨팅 분야에서 입지를 강화하고 글로벌 시장 진출을 확대하게 되었습니다.
인수의 일환으로 Helder Antunes는 Crowdkeep의 CEO이자 Veea 이사회 멤버로서 Veea에 합류하여 부사장 겸 최고매출책임자(CRO)로 활동할 예정입니다. Antunes는 Cisco Systems에서 20년 이상의 경영 경험을 보유했으며, OpenFog Consortium의 창립 의장을 역임했습니다.
Veea (NASDAQ : VEEA), une entreprise spécialisée dans les solutions d'edge computing et d'intelligence artificielle, a acquis la technologie de Crowdkeep en échange d'actions ordinaires et d'autres contreparties. La plateforme IoT d'entreprise de Crowdkeep sera intégrée à la plateforme Edge de Veea afin d'améliorer la gestion des opérations sur le lieu de travail dans divers secteurs, notamment les écoles, les hôpitaux, les hôtels et les centres de fabrication.
La solution combinée offre des capacités de gestion en temps réel avec des fonctionnalités telles que l'IA en périphérie, les communications 5G, le stockage distribué et la cybersécurité de niveau entreprise. Cette acquisition renforce la position de Veea dans le cloud-edge hybride et étend sa présence sur le marché mondial.
Dans le cadre de cette acquisition, Helder Antunes, PDG de Crowdkeep et membre du conseil d'administration de Veea, rejoindra Veea en tant que vice-président exécutif et directeur des revenus. Antunes apporte plus de 20 ans d'expérience en direction chez Cisco Systems et a été le président fondateur de l'OpenFog Consortium.
Veea (NASDAQ: VEEA), ein Unternehmen für Edge-Computing- und KI-Lösungen, hat die Technologie von Crowdkeep im Austausch gegen Stammaktien und weitere Gegenleistungen erworben. Die Enterprise-IoT-Plattform von Crowdkeep wird in Veeas Edge-Plattform integriert, um das Management von Arbeitsabläufen in verschiedenen Bereichen wie Schulen, Krankenhäusern, Hotels und Fertigungszentren zu verbessern.
Die kombinierte Lösung bietet Echtzeit-Managementfunktionen mit Merkmalen wie Edge-KI, 5G-Kommunikation, verteiltem Speicher und unternehmensgerechter Cybersicherheit. Die Übernahme stärkt Veeas Position im hybriden Edge-Cloud-Computing und erweitert seine globale Marktpräsenz.
Im Rahmen der Übernahme wird Helder Antunes, CEO von Crowdkeep und Vorstandsmitglied von Veea, als Executive Vice President und Chief Revenue Officer zu Veea wechseln. Antunes bringt über 20 Jahre Führungserfahrung bei Cisco Systems mit und war Gründungsvorsitzender des OpenFog Consortiums.
- Strategic acquisition enhances Veea's edge computing capabilities with Crowdkeep's IoT platform
- Integration expands Veea's addressable markets across multiple sectors (schools, hospitals, hotels, manufacturing)
- Addition of experienced executive Helder Antunes as EVP and Chief Revenue Officer
- Enhanced product offering with real-time management, AI-driven cybersecurity, and analytics capabilities
- Potential dilution for existing shareholders due to stock-based acquisition
- Integration risks of combining two different technology platforms
- Acquisition costs and terms not disclosed
Insights
Veea's acquisition of Crowdkeep strengthens its edge computing portfolio with complementary IoT capabilities, expanding market reach with minimal integration risk.
This strategic acquisition combines Veea's Edge Platform with Crowdkeep's IoT platform to create a more comprehensive solution for smart spaces. The technology integration creates significant synergies by merging Veea's edge computing infrastructure with Crowdkeep's real-time data collection capabilities across multiple environments including schools, hospitals, and construction sites.
The deal structure involves shares of Veea's common stock plus unspecified additional consideration, suggesting a stock-based transaction that preserves cash resources. This structure typically indicates confidence in combined entity value and alignment of long-term interests between both companies.
A key asset in this acquisition is Helder Antunes, Crowdkeep's CEO and already a Veea board member, who brings valuable executive experience from his 20+ years at Cisco and leadership in the OpenFog Consortium. His appointment as EVP and Chief Revenue Officer creates immediate leadership continuity while adding proven sales expertise.
The technology fit appears highly complementary - Crowdkeep's data collection and analytics capabilities will be enhanced by Veea's edge computing, 5G capabilities, and distributed storage architecture. This combination enables real-time processing at the edge while maintaining enterprise-grade cybersecurity.
Strategically, this acquisition positions Veea more comprehensively in the growing smart spaces market, allowing it to deliver complete solutions rather than components. The integration of Crowdkeep's technology should accelerate Veea's product development timeline while expanding its addressable markets across industrial, commercial, and institutional sectors.
Strategic Acquisition Adds Highly Complementary Business
NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Veea Inc. (NASDAQ: VEEA), a pioneer in edge computing and AI-driven solutions, announced today that it has acquired substantially all of the technology of Crowdkeep, Inc., a Delaware corporation (“Crowdkeep”) for shares of Veea’s common stock and other consideration.
Crowdkeep develops and sells a comprehensive enterprise Internet of Things (IoT) platform that disrupts the traditional ways that organizations operate with a technology platform that collects real-time data to help improve the speed and accuracy of critical workplace operations, including schools, hospitals, hotels, manufacturing centers, office towers, construction sites, and virtually any building or campus that need to make fast and informed data-driven decisions about people, assets, and environments.
Crowdkeep’s software platform will be integrated with Veea’s Edge Platform and utilize VeeaHub products, cameras and sensors with edge AI facilitating the tracking of valuable on-site assets, monitoring of equipment condition, eliminate manual processes associated with managing the workplace environment, while accounting for workers’ time, location, attendance and safety. With converged computing, communications, including 5G, AI inferencing and federated learning, distributed NVMe storage, real-time anomaly detection with ML toolchain, and scalable analytics with a serverless data warehouse platform, the combined solution provides for real-time management of the entire network with data privacy and enterprise-grade cybersecurity for both data-at-rest and data-in motion, as well as massive scalability for construction sites, hospitals, schools, smart buildings, hospitality, industrial warehouses and shipping yards, and many more market segments.
This strategic acquisition will strengthen Veea’s market position as a leader in hybrid edge-cloud computing and communications solutions by enhancing its ability to deliver a more comprehensive end-to-end solution with AI-driven cybersecurity and cloud-based data and analytics platform allowing users to store, manage, report and analyze large volumes of data with time-to-insights and event notification for Smart Spaces and a wide range of digital transformations at the edge, ultimately benefitting Veea’s current customers and expanding Veea’s global market presence.
Following the acquisition, Helder Antunes, the current CEO of Crowdkeep and a member of Veea’s board, will be joining Veea’s management team as an Executive Vice President and Chief Revenue Officer. Prior to Crowdkeep, Mr. Antunes was an executive of Cisco Systems for over twenty years, founder and first Chairman of the OpenFog Consortium. Mr. Antunes will drive the sales and marketing activities at Veea while overseeing a portfolio of strategic accounts with a focus on ensuring accurate and timely revenue recognition, aligning financial reporting with contractual obligations in close collaboration with the finance team.
“This is an important transaction for both Veea and Crowdkeep, marking the beginning of an exciting new chapter. This transformative acquisition underscores Veea’s mission to provide innovative solutions that unlock the full potential of edge computing and AI, bridging the gap to a more connected, secure, and intelligent world,” said Allen Salmasi, Chief Executive Officer. “Together, we are combining our strengths to accelerate product innovation, expand our capabilities and addressable markets, while delivering unique capabilities that we believe no other platform currently offers.”
“The need for massive data collection at the edge to safely, efficiently, and proactively manage today’s workplace is rapidly increasing,” said Helder Antunes, Chief Executive Officer of Crowdkeep. “The combined capabilities of Crowdkeep and Veea will provide users with real-time insights and actionable data at the edge that will enhance situational awareness, allow for quick decision-making, and enhance safety with AI-powered predictive intelligence.”
About Veea
Veea® has unified multi-tenant computing, multiaccess multiprotocol communications, edge storage and cybersecurity solutions through fully integrated cloud- and edge-managed products. Veea’s pioneering Multiaccess Edge Computing (MEC) product, developed from the ground up in several compact form factors, brings together the functionality typically provided for through any combination of servers, Network Attached Storage (NAS) devices, routers, firewalls, Wi-Fi Access Points (APs), IoT gateways, 4G or 5G wireless access, and cloud management by means of multiple hardware, software and systems integrated and maintained by IT/OT professionals. Veea Edge Platform offers application responsiveness, bolsters cybersecurity, data privacy and context awareness, and lowers data transport costs as well as total cost of ownership, while providing for easy installation, operations, monitoring and maintenance of edge networks.
With Software Defined Networking (SDN), Network Function Virtualization (NFV), and network slicing over LAN, VeeaWare full-stack platform software uniquely provides for cellular-like subscription-based network-managed Wi-Fi and IoT devices over a connectivity and computing mesh network. It also enables application environment for a range of third-party ARM-based, x86-based and CUDA-based products that may incorporate GPUs, TPUs, DPUs, and/or NPUs that are all edge-managed through VeeaCloud.
Veea was formed in 2014 and is headquartered in New York City with a rich history of major innovations in the development of advanced networking, wireless and computing technologies, along with over 122 granted and 25 pending patents in key aspects of hyperconverged edge computing technologies. For more information, visit veea.com and follow us on LinkedIn.
About Crowdkeep
Crowdkeep is an Internet of Things (IoT) platform that empowers users with real-time people and asset positioning to make fast, informed decisions about people, assets, and conditions throughout the workplace. Created out of a desire to introduce a comprehensive IoT platform that enables a safer and more efficient workplace, Crowdkeep looks to the future with agility and confidence to pioneer technologies that have staying power in the constantly evolving digital world.
Crowdkeep is proud to lead a wave of digital transformation technologies that are changing the way businesses and organizations operate and make decisions. Crowdkeep takes aim at the ineffective and obsolete ways of doing things and offers customers cost effective solutions that are less complex, easy to deploy, and lead to insights and intelligent analysis that help the workplace become more productive and run safer. For more information visit crowdkeep.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act") as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "would," "could," "seek," "intend," "plan," "goal," "project," "estimate," "anticipate," "strategy," "future," "likely" or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company's strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company's actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: the Company's business strategies, and the risk and uncertainties described in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Cautionary Note on Forward-Looking Statements" and the additional risk described in Veea’s Form 10-K for the year ended December 31, 2024 and any subsequent filings which Veea makes with the U.S. Securities and Exchange Commission. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in the press release relate only to events or information as of the date on which the statements are made in the press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by law. You should read this press release with the understanding that our actual future results may be materially different from what we expect.
The Equity Group
Devin Sullivan
Managing Director
dsullivan@equityny.com
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Associate
crodriguez@equityny.com
FAQ
What did Veea acquire from Crowdkeep in May 2025?
Who is Helder Antunes and what role will he have at VEEA?
How will the Crowdkeep acquisition benefit VEEA's business?
What technologies are included in the combined Veea-Crowdkeep solution?
What markets will VEEA target with the Crowdkeep acquisition?
