Smart City Tools Coming to Philippines With $5M Project

Smart city developer Iveda has launched a $5 million venture in the Philippines to execute several contracts over the next 12 months to bring smart technologies to cities across the region.

Cities involved in the initiative include Cebu (the largest in the Philippines), Bacolod, Iloilo and Davao.

Last year, Iveda launched a series of Safe City initiatives in the Philippines. The latest funding will be used to roll out AI-enabled technologies to the cities as part of its IvedaAI project.

Under the new project, Iveda is targeting collaboration with 100 government units to modernize key infrastructure, such as airports, roads and sidewalks, leveraging AI tools to enhance public safety and city management.

IvedaAI uses deep learning technology for advanced AI Video Search, adding a layer of intelligence onto existing video surveillance cameras throughout the region to improve public safety and traffic intelligence, without overhauling existing infrastructure.

“This ambitious goal underscores Iveda's dedication to driving advancements in AI technology and making a substantial impact on the landscape of smart cities in the Philippines,” said David Ly, Iveda’s CEO. “As the nation moves towards embracing cutting-edge technologies, Iveda Philippines stands at the forefront, paving the way for a future where AI seamlessly integrates with city governance. 

Related:Iveda Expands Taiwan Smart City Project With $1M Deal

“Iveda Philippines will emerge as a trailblazer in 2024, propelling the nation towards a more secure, efficient and technologically empowered future.”

Last February, Iveda launched a series of technology deals across Taiwan to bring smart city capabilities across the country. The deals, worth $1 million, focussed on upgrading and improving network communication systems, video surveillance capacity and national security.