Through five major product launches, Iveda meets the growing demand for the next era of smart security and remote monitoring
MESA, Ariz., January 10, 2025--(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".
