Iveda sells AI-powered video surveillance software and IoT hardware to cities, government agencies, and enterprises. Iveda operates through two units: a U.S. business and a Taiwan subsidiary (Iveda Taiwan), which is the primary R&D center and historically generates the majority of revenue. The U.S. business sells hardware and software licenses through a channel model — telecoms, integrators, and resellers bundle Iveda's products into their own offerings, avoiding direct end-user sales. Iveda Taiwan sells directly to enterprise and government customers, including Chunghwa Telecom and the New Taipei City Police Department, on a project basis. Iveda's core software product, IvedaAI, is deep-learning video analytics software that runs on existing IP cameras and enables face recognition, license plate recognition, intrusion detection, and other functions across large camera networks. Iveda also offers Cerebro, a central IoT platform that integrates city systems — surveillance, traffic, utilities, and power — into a single dashboard, and Utilus, a smart pole solution that attaches sensors and cameras to existing city light poles. On the hardware side, Iveda sells IP cameras, IoT sensors, drones, and body cameras. Revenue comes from hardware sales and software licensing fees, with the software licensing components (IvedaAI, vumastAR, and Cerebro) being the more recurring part of the model. Iveda is a very small company with 32 employees across both geographies.