Iveda brings biometrics and surveillance analytics to South Africa with AXIOM partnership
Cloud video surveillance company Iveda has partnered with AXIOM to bring its devices with built-in face recognition and other analytics to the South African market.
Iveda’s Sentir and IvedaAI platforms provide face search, object search, license plate recognition, and detection of intrusion, weapons, and fire, in addition to biometrics. AXIOM has already placed its first orders for IvedaAI appliances, and field pilots and installations of IvedaAI with smart home solutions are estimated to reach $1 million in revenue this calendar year, according to the announcement. IvedaAI is being deployed to hundreds of cameras in the Melrose Arch neighborhood of Johannesburg to help deal with the city’s high crime rate.
“There is no better time for the introduction of IvedaAI into South Africa, to help police and the private security industry to enhance and improve the security and safety of all South Africans,” says Terry Billson, Managing Director of AXIOM. “Our intention is to work with the police, local municipalities and private security companies to share information and provide support.”
IvedaAI was launched last September to add facial recognition and other artificial intelligence capabilities to the company’s portfolio.
Johannesburg plans to install video cameras at all 15,000 intersections around the city. With IvedaAI licenses costing approximately $2,000 per camera, the roll-out represents a major revenue opportunity for the companies. AXIOM also has 10,000 fiber home customers, and private security companies and enterprises are also planning upgrades and deployments, Iveda says.
“Because IvedaAI works with any existing IP cameras and most popular NVRs and DVRs, our partners are targeting existing camera installations, which is huge in South Africa and is continuing to grow,” comments Iveda CEO Doug Ly.
Johannesburg-based startup Camatica launched a line of facial recognition products for South African businesses in April.