MCN Build deployed Veea's Crowdkeep platform at Sidwell Friends School, enhancing construction management and safety through real-time data integration.
Quiver AI Summary
Veea Inc. announced the successful deployment of its Crowdkeep™ construction workforce and asset management platform at the Sidwell Friends School project in Washington, D.C., in collaboration with Genesys Impact, its certified systems integration partner. This marks the tenth successful implementation of Crowdkeep for MCN Build, enhancing jobsite visibility, safety, and operational efficiency through AI-driven management of workforce activities, subcontractors, equipment, and compliance. The platform, powered by Veea's edge computing technology and VeeaVision AI, centralizes complex workflows, providing real-time operational intelligence and improving decision-making in the construction sector. Both Veea and its partners emphasized the importance of digital transformation in construction, aiming to enhance project execution while maintaining high standards of safety and accountability.
Potential Positives
- Veea’s Crowdkeep™ platform has been successfully deployed at a prominent educational institution, showcasing its applicability and effectiveness in complex construction environments.
- The implementation of Crowdkeep facilitates enhanced digital management of construction workforce and operations, which could lead to increased demand for Veea’s solutions in the construction industry.
- This marks the tenth successful deployment of Crowdkeep by Genesys Impact for MCN Build, reinforcing Veea’s reputation as a reliable partner in delivering advanced construction technology.
- The adoption of Veea’s AI-driven edge technology supports improved operational efficiency, accountability, and safety standards, aligning with current market trends towards digital transformation in construction.
Potential Negatives
- Forward-looking statements highlight potential risks regarding Veea's ability to achieve growth, maintain financial resources, and market acceptance of its platform, which may indicate uncertainty in its business outlook.
- The reliance on partnerships for successful implementation with companies like Genesys Impact may suggest vulnerability if those partnerships do not yield expected results.
- The use of the phrase "cannot assure you that it will achieve or realize these plans" indicates a lack of guarantees for investors, which could affect investor confidence.
FAQ
What is Veea’s Crowdkeep platform?
Crowdkeep is Veea’s construction workforce and asset management platform that enhances project visibility and operational efficiency.
Where has Crowdkeep been deployed recently?
Crowdkeep has been recently deployed at the Sidwell Friends School project in Washington, D.C. by MCN Build.
What benefits does Crowdkeep provide to construction projects?
Crowdkeep improves jobsite visibility, safety, accountability, and operational efficiency through digital management of workforce activities.
Who partnered with Veea for the Crowdkeep implementation?
Genesys Impact is the certified systems integration partner that implemented the Crowdkeep platform for MCN Build.
What does Veea specialize in?
Veea specializes in AI-powered edge infrastructure, providing solutions that integrate connectivity, computing, and cybersecurity.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VEEA Revenue
$VEEA had revenues of $180.4K in Q1 2026. This is an increase of 1165.02% from the same period in the prior year.
You can track VEEA financials on Quiver Quantitative's VEEA stock page.
You can access data on VEEA stock through the Quiver Quantitative API.
$VEEA Hedge Fund Activity
We have seen 7 institutional investors add shares of $VEEA stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HRT FINANCIAL LP added 160,081 shares (+inf%) to their portfolio in Q1 2026, for an estimated $85,195
- GEODE CAPITAL MANAGEMENT, LLC added 118,154 shares (+57.0%) to their portfolio in Q1 2026, for an estimated $62,881
- JANE STREET GROUP, LLC removed 51,186 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $27,241
- CITADEL ADVISORS LLC added 49,566 shares (+inf%) to their portfolio in Q1 2026, for an estimated $26,379
- XTX TOPCO LTD removed 35,181 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $18,723
- VIRTU FINANCIAL LLC removed 33,719 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $17,945
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 27,610 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $14,694
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
WASHINGTON, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Veea Inc. (“Veea”) (NASDAQ: VEEA), a pioneer in AI-powered cybersecure distributed intelligence on hyperconverged heterogeneous edge-native infrastructure, today announced that MCN Build has deployed Veea’s Crowdkeep™ construction workforce and asset management platform at the Sidwell Friends School project in Washington, D.C. Implemented in collaboration with Genesys Impact, Veea’s certified systems integration partner, the project marks the tenth Crowdkeep deployment completed by Genesys Impact for MCN Build.
Crowdkeep is part of Veea’s portfolio of industry-specific applications and is delivered on Veea’s secure edge computing platform.
Powered by Veea’s secure edge computing platform, VeeaVision AI and AIoT, Crowdkeep platform enables construction teams to digitally manage workforce activity, subcontractors, equipment, visitors, and field operations while improving jobsite visibility, safety, accountability, and operational efficiency. VeeaVision AI provides for video surveillance of job sites with inferencing performed at the edge on a VeeaCloud-managed NVIDIA Jetson supporting several VLMs, such as YOLO26 with an integrated recursive self-improvement capability developed by Veea.
Large construction projects can involve hundreds of workers, subcontractors, deliveries, inspections and safety-critical activities. Veea’s Crowdkeep platform centralizes these workflows into a single digital platform, providing project teams with real-time operational intelligence, streamlined documentation, and enhanced collaboration among project stakeholders.
The deployment at Sidwell Friends School supports:
- Digital workforce and subcontractor accountability
- Real-time jobsite visibility and operational reporting
- Digital safety documentation and compliance workflows
- Job safety and security
- Visitor and contractor management
- Incident reporting and audit trails
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Improved communication across project teams
By digitizing these critical construction processes, MCN Build is strengthening field operations while reducing administrative effort and enabling faster, more informed decision-making throughout the project lifecycle.
“Today’s construction projects require greater visibility, accountability, and operational intelligence than traditional processes can provide,” said Helder Antunes, Chief Revenue Officer at Veea . “Crowdkeep combines Veea’s intelligent edge platform with Edge AI, secure networking, IoT connectivity, and cloud management into a purpose-built solution for the construction industry. Working alongside Genesys Impact and MCN Build, we’re proud to help deliver technology that enhances project execution while supporting one of Washington’s premier educational institutions.”
As Veea’s implementation partner, Genesys Impact is responsible for deploying, configuring, integrating, and supporting the Crowdkeep platform, helping ensure rapid adoption and long-term customer success.
“This deployment marks our tenth successful implementation of Veea’s Crowdkeep platform for MCN Build,” said Jad Boustany, Chief Executive Officer of Genesys Impact . “Our continued collaboration demonstrates how intelligent construction technology can improve workforce accountability, strengthen safety practices, and provide project teams with real-time operational visibility. Together, we’re helping construction organizations embrace digital transformation with practical solutions that deliver measurable business value.”
For MCN Build, the deployment represents another important step in its ongoing investment in technology that improves project delivery while reinforcing its commitment to safety, accountability, and operational excellence.
“As our projects continue to grow in complexity, having real-time visibility into jobsite operations has become essential,” said Eric Impraim, Director of Technology at MCN Build. “Veea’s Crowdkeep solution provides our project teams with the digital tools needed to improve accountability, strengthen safety, and make informed decisions every day. The collaboration with Veea and Genesys Impact has enabled us to deploy a scalable technology platform that supports more efficient project execution while delivering greater transparency across the jobsite.”
Because Crowdkeep is powered by Veea’s distributed edge platform, project data is securely processed at the edge while providing centralized cloud visibility. This architecture reduces latency, enhances resiliency, and enables real-time decision-making across complex construction environments.
The Sidwell Friends School project extends MCN Build’s use of the Crowdkeep platform across its construction operations and demonstrates a repeatable deployment model in which Veea provides the edge technology, application platform and VeeaVision AI, Genesys Impact delivers implementation and support, and MCN Build applies the solution to improve project execution.
About Veea
Veea Inc. (NASDAQ: VEEA) is a global leader in AI-driven edge infrastructure. Founded in 2014 and headquartered in New York City, Veea enables enterprises, service providers, and public sector organizations to deploy AI-powered applications and services at the edge. Built on Veea-developed and third-party devices, the VeeaONE platform integrates connectivity, computing, cybersecurity, and storage into a unified, hyperconverged network solution, delivered through a full software stack spanning edge to cloud — bringing AI to deployments that range from SMBs to enterprise campuses, smart industries, and remote communities. With more than 123 patents across related technology domains, Veea has been recognized by Gartner for its innovations in edge computing. For more information, visit www.veea.com.
About Genesys Impact
Genesys Impact is a technology integration and digital transformation company specializing in intelligent infrastructure, connected buildings, physical security, networking, cloud technologies, and digital workforce solutions. As Veea’s implementation partner, Genesys Impact helps organizations successfully deploy innovative technologies that improve operational performance, workforce productivity, and business outcomes across commercial, education, healthcare, government, and enterprise markets.
About MCN Build
MCN Build is a premier general contractor serving the Washington, D.C. metropolitan region, delivering complex commercial, institutional, educational, and mission-critical construction projects. Through a commitment to innovation, quality, and safety, MCN Build leverages advanced technologies to improve collaboration, operational efficiency, and project delivery for its clients.
Media Contact:
Veea Inc.
Thomas Latiolais
Email:
[email protected]
Forward-Looking Statements
This press release contains forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995, including statements regarding, among other things, the plans, strategies and prospects, both business and financial, of Veea. These statements are based on the beliefs and assumptions of Veea. Although Veea believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, Veea cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, and any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These statements may be preceded by, followed by or include the words “anticipate,” “believe,” “could,” “continue,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “project,” “scheduled,” “seek,” “should,” “will” or similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements contained in this press release include, but are not limited to, statements about (i) Veea’s ability to maintain adequate operational and financial resources, including the ability to raise sufficient capital and/or generate sufficient cash flows; (ii) Veea’s ability to achieve its current growth strategy and its ability to grow revenue and become profitable; (iii) the market acceptance of Veea’s platform and products; (iv) Veea’s reliance on distribution and partnering arrangements; and (v) Veea’s ability to compete against industry competitors.
You are cautioned not to place undue reliance on forward-looking statements, which only speak as of the date made, are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of Veea. Veea expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations of Veea with respect thereto or any change in events, conditions or circumstances on which any statement is based.