viAct, a Hong Kong-based AI company, announced the successful close of a $7.3 million Series A funding round led by Dublin’s VentureWave Capital, with participation from Singtel Innov8, Korean Investment Partners, and the PolyU Entrepreneurship Investment Fund.
The company plans to use the funding to accelerate its expansion in the Middle East and North Africa (MENA) region, focusing especially on Saudi Arabia, targeting the construction and energy sectors with its AI-powered solutions designed to enhance safety and productivity in high-risk work environments.
Founded in 2016, viAct currently serves over 200 contractors globally with a platform offering real-time risk detection, predictive analytics, and automated compliance systems. Its solutions span multiple industries including construction, oil & gas, and logistics.
Unlike traditional site monitoring, viAct’s technology delivers real-time insights, predictive analytics, and automated interventions to prevent incidents before they happen. Integrating advanced computer vision models, viAct improves both safety standards and operational efficiency on job sites.
Gary Ng, Co-founder and CEO of viAct, stated:
“We envision a future where construction stands for innovation, safety, and sustainability. This funding milestone empowers us to redefine industry standards and lead this transformative journey.”
Alan Foy, Chairman and Managing Partner at VentureWave Capital, said:
“viAct exemplifies how AI-driven technology can transform industries by merging safety with sustainability. We are excited to support their global growth.”
This investment fuels viAct’s broader mission to create safer, sustainable workplaces by bridging the gap between monitoring, governance, and accountability—turning safety and sustainability goals into achievable realities in high-risk industries.
