Iveda takes in $2.5 million through private placement of securities

Funds will support growth, fulfill sales opportunities, pay expenses

By Devika Patel

Knoxville, Tenn., Nov. 22 - Iveda Corp. said it completed a $2.5 million private placement, adding that proceeds will be used to support the company's growth, fulfill near-term sales opportunities and pay operating expenses.

Based in Mesa, Ariz., Iveda offers cloud-based video hosting and real-time remote surveillance services.

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