Crowdkeep Inc, a leading enterprise Internet of Things (IoT) platform that transforms how organizations operate through real-time data insights, has closed an acquisition with. Veea Inc. a pioneer in edge computing and AI-driven infrastructure solutions. Under the terms of the agreement, Veea Inc. has acquired substantially all of the technology assets of Crowdkeep Inc., a Delaware corporation, in exchange for shares of Veea’s common stock and other consideration.
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Crowdkeep was co-founded by Jad Boustany, Michael Frye and MYCO Capital, the private investment firm led by Chairman Rudy Seikaly.
Crowdkeep platform captures and analyzes real-time operational data to enhance the speed, accuracy, and intelligence of critical workplace functions. It serves a wide range of environments including schools, hospitals, hotels, manufacturing facilities, commercial real estate, and construction sites empowering organizations to make fast, data-driven decisions about people, assets, and environments.
“This is a milestone we’re incredibly proud of one that integrates AI at the edge to help us scale our impact globally with greater speed and accuracy”. said Jad Boustany, Co-founder of Crowdkeep and a seasoned technology executive with more than 20 years of experience in software development, solutions architecture, and strategic IT consulting. He is currently serving as the Chief Executive Officer of Genesys Impact. A leading firm delivering advanced consulting services across IT, cloud, network infrastructure, and digital transformation. “From day one, our focus has been to create technology that brings clarity, efficiency, and control to fast-paced business operations now further enhanced by the power of AI analytics.” said Boustany.
Rudy Seikaly, Co-founder and Chairman of MYCO Capital, stated: “From the earliest stages, MYCO Capital believed in the potential of Crowdkeep to disrupt and improve how companies made decisions with the smart analytics that it provides. This acquisition validates that vision, and we’re proud to have played a foundational role in its journey.”
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As part of the acquisition, Helder Antunes, CEO of Crowdkeep, will join Veea’s management team as an Executive Vice President and Chief Revenue Officer. He is on Veea’s Board of Directors. A veteran of Cisco Systems and founding Chairman of the OpenFog Consortium, he will lead sales and marketing while overseeing key strategic accounts “Joining Veea is a powerful opportunity to combine Crowdkeep’s capabilities with Veea’s edge intelligence delivering real-time insights, faster decisions, and enhanced safety through AI-powered predictive analytics,” said Antunes.
Michael Frye, Co-founder, added: “We founded Crowdkeep to drive the adoption of Internet of Things (IoT) and 5G into the enterprise. With the acquisition by Veea, the mission will be accelerated”.
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