Veev (formerly Dragonfly Group) develops prefabricated single-family and multifamily residential units as well as accessory dwelling units (ADUs) from its factory located in Union City, California. It also offers house units on lease. The company started as an asset management company in 2008 and by 2013, started developing housing units. The company adopted prefabricated construction techniques by 2017 with the aim of making affordable housing. In 2019, Veev consolidated its subsidiaries to focus more on the residential housing market.

The company uses new technologies such as panelized wall systems, which use advanced material and digital fabrication to improve longevity and resilience against moisture, earthquakes, wind, fire, etc. Instead of using wood in its houses, Veev uses steel and a high-performance surface (HPS) material that is more durable and environmentally friendly. The company also uses proprietary design software that automates up to 70% of construction across mechanical, engineering, and plumbing functions. The houses also include room-level temperature control and a sensor-based smart building ecosystem to improve resource usage efficiency. By June 2021, Veev completed four single-family residential units and five multifamily residential projects, with more than 800 housing units in total, while several more are under construction. 

In March 2021, the company raised USD 100 million, bringing its total funding to USD 197 million. Veev was the first company to be listed on TASE UP, a platform launched by the Tel-Aviv Stock Exchange (TASE), which allows technology companies to raise funds without going public. The investors that contributed to the round include More Investment House, Migdal Insurance Company, Psagot Investment House, and Shavit Capital—all leading public institutions in Israel.