Iveda Solutions (NASDAQ: IVDA) is an IoT and AI video analytics company that sells smart city hardware, AI-powered surveillance software, and IoT sensor platforms. Revenue comes from hardware sales, software licenses, and subscription-based cloud services, delivered primarily through telecommunications companies, system integrators, and technology resellers rather than direct end-user sales. The company operates through two segments: a U.S. business and Iveda Taiwan, a subsidiary acquired in April 2011 that has generated the majority of consolidated revenues and serves as the research and development arm. Consolidated revenues were $5.28 million for the year ended December 31, 2025, with the Taiwan segment contributing $4.57 million and the U.S. segment contributing $709,197. The company has reported net losses in every period disclosed, including net losses of approximately $3.2 million and $4.0 million for the years ended December 31, 2025 and 2024, respectively.

Revenue model

Hardware product sales through service provider partners (telecom companies, integrators, resellers), plus software licenses (vumastAR per-device license) and monthly subscription fees for cloud access to AI models. Iveda Taiwan generates the majority of revenue through integrated security system deployments for institutional customers.

Products and services

IvedaAI (AI video analytics platform supporting face search, object search, license plate recognition, intrusion detection, weapon detection, fire detection, people counting, and vehicle counting); IvedaXpress (plug-and-play AI analytics appliance for existing IP cameras); vumastAR (AI vision software for IP cameras, AR glasses, and mobile devices, sold per-device license with monthly cloud subscription); Vemo body camera (4G live-streaming, push-to-talk, cloud management); Utilus smart pole solution (IoT-enabled light pole platform using the Cerebro IoT platform); Smart Utility Cabinet (IoT energy monitoring cabinet with edge computing gateway); IvedaCare (wireless elder/patient care device suite, launched November 2022); IoT sensors and devices for energy management, smart home, smart building, and smart community applications.

Customers and end markets

End markets include airports, commercial buildings, government agencies, data centers, shopping centers, hotels, banks, and smart city projects. The go-to-market model targets telecommunications companies, system integrators, and technology resellers as direct customers, who in turn serve end users. Iveda Taiwan serves institutional customers directly in Asia.

Value-chain role

Hardware manufacturer and software platform provider selling through channel partners. Iveda Taiwan handles R&D, product sourcing from Asian manufacturers, and direct deployment of integrated security solutions. The U.S. entity focuses on product development and channel partnership management.

Geographic exposure

Two operating segments as of fiscal year ended December 31, 2025: United States ($709,197 revenue) and Taiwan ($4,571,115 revenue). Iveda Taiwan provides access to Asian markets and Asian manufacturing. The company redomiciled as a Delaware corporation on March 14, 2025.

Source: SEC 10-K, filed 2026-03-31

Industry: Services-Prepackaged Software Peers: Microsoft Corp Cyberloq Technologies Inc BIO-Key International Inc FalconStor Software Inc Intellinetics Inc QXO Inc T Stamp Inc Zerify, Inc.