Iveda Leads the Way in AI and IoT Innovation for Global Safety in 2025

Rhea-AI Summary

Iveda (NASDAQ: IVDA) concludes a significant year with five major product launches in AI and IoT technology. The company introduced LevelNOW™, a liquid storage management solution deployed with a major Australian oil company; IvedaAI™ Cloud, a cloud-based AI video analytics service starting at $100/month; IvedaAI™ Forensics Desk for law enforcement in Philippines; IvedaESS, a portable surveillance system; and VEMO, a wearable body camera solution priced at $450 per unit.

The company has secured early adoptions across various regions, including deployments in the United States, Asia, and Egypt. Notably, VEMO received endorsement from Egypt's Visual Monitoring Committee for government projects. Iveda has entered beta testing for an enhanced IvedaAI™ platform featuring LLMs and VLMs, scheduled for full rollout in Spring 2025.

Positive

• Multiple successful product launches targeting diverse market segments
• Early adoption of LevelNOW by major Australian oil company
• VEMO endorsed by Egyptian government authority for national projects
• Geographic expansion with deployments across US, Asia, and Middle East
• New enhanced IvedaAI platform in beta testing with planned Spring 2025 launch

Negative

• None.

Insights

Market Research Analyst

The strategic product launches by Iveda deserve close attention, but lack significant financial metrics or concrete revenue projections. While operating in the promising AI market projected at $243.7 billion in 2025, the company's $10.3 million market cap suggests market penetration. The LevelNOW deployment with an Australian oil company and retail chain interest across multiple countries indicate potential growth vectors, though the scale and revenue impact remain unquantified.

The VEMO body camera's pricing strategy at $450 per unit with $99 monthly cloud service appears competitive, particularly with the Egyptian government endorsement. However, without specific sales targets or contract values, it's challenging to project meaningful revenue impact. The upcoming enhanced IvedaAI platform with LLM integration could provide differentiation in a crowded market, but success will depend on execution and market adoption rates.

Tech Expert

The product portfolio expansion demonstrates technical sophistication across diverse applications. The IvedaAI Cloud's accessibility at $100/month could drive SMB adoption, while the Forensics Desk's advanced capabilities target high-value government and enterprise segments. The LevelNOW's dual-patent protection for liquid monitoring represents valuable IP, though competitive differentiation details are lacking.

The integration of proprietary LLMs and VLMs in the upcoming IvedaAI platform signals R&D investment in cutting-edge AI capabilities. The auto-discovery and smart scene scanning features could reduce deployment friction, but success will depend on the robustness of these AI models against established competitors. The VEMO Command Center platform's real-time analytics integration offers technical advantages, though processing capabilities and latency specifications aren't provided.

Through five major product launches, Iveda meets the growing demand for the next era of smart security and remote monitoring

MESA, Ariz.--(BUSINESS WIRE)-- Iveda® (NASDAQ: IVDA), the global leader in AI-driven video analytics and IoT-based intelligent solutions, today announced the successful conclusion of a landmark year, highlighted by five major product launches, including LevelNOW™, IvedaAI™ Forensics Desk, IvedaAI™ Cloud, IvedaESS, and VEMO. Through its cutting-edge AI and IoT-powered technologies, Iveda has revolutionized cloud-based applications to address critical demands across a wide range of industries, including security, law enforcement, retail, industrial operations, and more.

As more sectors embrace AI-powered solutions, the global artificial intelligence market is projected to reach $243.7 billion in 2025. 2024 was a pivotal year for AI, and Iveda remains dedicated to collaborating with private businesses and government agencies to integrate next-generation solutions into existing infrastructures across a myriad of use cases.

"Iveda’s dynamic product rollout over the past twelve months underscores our unwavering commitment to making advanced security and IoT technologies more accessible and impactful across the industries and countries we serve," said David Ly, CEO and founder of Iveda. "As we hit the ground running in 2025, Iveda continues to focus on advancing AI-driven solutions that improve security operations around the globe. By harnessing the power of AI, we’re helping to protect citizens, communities, and government personnel for years to come."

2024 Product Launches Included:

LevelNOW™: A next-generation tracking and monitoring solution for efficient liquid storage management, featuring two distinct sensor types—a standard cap valve for 200-liter drums and an external sensor suited to various container sizes.

• Key Benefits: Real-time monitoring of liquid levels, an AI-driven platform for cost savings, enhanced operational efficiency, and timely refills.
• Early Adoption: LevelNOW—which currently holds two filed patents—began deployment with a major Australian oil company in Q4, marking the start of a partnership poised for significant scaling and growth.

IvedaAI™ Cloud: An affordable, cloud-based AI video analytics subscription service that works with any existing IP camera.

• Key Benefits: Enterprise-grade security for as little as $100/month, real-time insights to combat theft and shrinkage, with particular success among major retailers in the U.S., Asia, and beyond.
• Early Adoption: Current interest from major retail chains in the United States, Korea, Macao, Hong Kong, Mexico, and Japan.

IvedaAI™ Forensics Desk (Philippines Launch): An advanced AI tool empowering law enforcement with facial recognition, license plate identification, and intelligent video search.

• Key Benefits: Accelerates crime resolution by scanning hours of footage in seconds, and easily connects to cameras on smartphones, tablets, and other devices. Ideal for high-traffic areas, tourist destinations, theme parks, concerts, and other locations where flexible setup is required and quick incidents may occur
• Early Adoptions: Iveda Philippines has deployed two major Local Government Units in Bacoor City and is engaged in discussion with multiple other government agencies as well as local banks, shopping malls, toll operators, and more.

IvedaESS (Express Surveillance System): A portable, plug-and-play surveillance kit featuring a rugged enclosure, 4G connectivity, dual SIM slots, and a rechargeable battery (solar option available).

• Key Benefits: Rapid deployment for construction sites, traffic monitoring, or other temporary security needs—streaming in real time to the IvedaAI Cloud.
• Early Adoption: Iveda conducted live POC's with major auto manufacturers and large logistics yards in Mexico and the U.S.

VEMO: The first wearable body camera solution integrated with IvedaAI’s real-time analytics, featuring a brand-new VEMO Command Center platform.

• Key Benefits: Lightweight design, up to 15 hours of continuous recording, 4G/Wi-Fi/GPS connectivity, and infrared capability for low-light conditions. The VEMO Body Cam retails at $450 MSRP per unit, with an optional IvedaAI Cloud service starting at $99 per month. Larger organizations can opt for an on-premises solution.
• Early Adoption: Technology transfer with our Egypt partners, the Arab Organization for Industrialization (AOI) and ZeroTech, was completed in Q4 2024, with government agencies already utilizing the technology. The "Visual Monitoring Committee," a trusted national authority for approving security camera brands for government and national projects, has endorsed VEMO, greatly enhancing its prospects across various initiatives in Egypt.

As Iveda wraps up a groundbreaking year, the company is excited to preview its next step: an enhanced IvedaAI™ platform that integrates powerful object-recognition models with proprietary Large Language Models (LLMs) and Vision Language Models (VLMs), delivering a more intuitive AI experience. The updated version of IvedaAI officially entered beta in January 2025, with a full rollout scheduled for Spring 2025. This new iteration features a conversational virtual assistant, platform intelligence for auto-discovery of cameras, and advanced smart scene scanning to simplify deployment.

About Iveda Solutions®

Iveda (NASDAQ:IVDA) is the provider of global solutions for cloud-based, video AI search and surveillance technologies that protect the people, places, and things that matter the most. Iveda’s technology has the power to provide instant intelligence to existing infrastructure, enabling cities and organizations around the world to seamlessly enter the fifth industrial revolution. Iveda operates at the forefront of digital transformation of cities across the world, using IoT platforms with smart sensors and devices developed to aid with use cases surrounding public safety, security, elderly care, energy efficiency, and environment preservation. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol “IVDA”.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250110973714/en/

Media Contact

Olivia Civiletto Erwin

olivia@dottedlinecomm.com

716.785.1108

Source: Iveda

FAQ

What are the 5 new products launched by Iveda (IVDA) in 2024?

Iveda launched LevelNOW™ for liquid storage management, IvedaAI™ Cloud for video analytics, IvedaAI™ Forensics Desk, IvedaESS portable surveillance system, and VEMO wearable body camera solution.

How much does Iveda's (IVDA) VEMO body camera system cost?

The VEMO body camera system retails at $450 MSRP per unit, with optional IvedaAI Cloud service starting at $99 per month.

When will Iveda (IVDA) release its enhanced IvedaAI platform?

The enhanced IvedaAI platform entered beta testing in January 2025, with full rollout scheduled for Spring 2025.

What is the monthly subscription cost for IvedaAI Cloud (IVDA)?

IvedaAI Cloud subscription service starts at $100 per month and works with any existing IP camera.

Which countries have adopted Iveda's (IVDA) products in 2024?

Iveda's products have been adopted in multiple countries including the United States, Australia, Philippines, Korea, Macao, Hong Kong, Mexico, Japan, and Egypt.