Singapore- and Hong Kong-based safety artificial intelligence (AI) startup viAct has closed a US$7.3 million Series A funding round led by Venturewave Capital, an Irish impact investing firm.
Other participants in the round included Singtel Innov8, Korea Investment Partners, and PolyU Entrepreneurship Investment Fund.
The new funding, which exceeded viAct’s initial target of US$6 million, will be strategically deployed to advance viAct’s AI capabilities, focusing on more sophisticated models for hazard prediction, environmental compliance, and workforce safety in heavy industries.
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The latest funding round will fuel its growth into regions like the Middle East and North Africa (MENA) and Europe, further accelerating its efforts to reshape industries with technology that fosters safer, more adaptive, and eco-conscious workplaces.
Founded in 2016, viAct has built a holistic ecosystem of AI-powered technologies, with its “Scenario-based Vision Intelligence”, AIoT, and edge-generative AI solutions to enhance job-site safety and productivity for heavy industries. The firm aims to catalyse transformative impact by redefining paradigms of safety, operational excellence and sustainable innovation across risk-prone workplaces such as construction, oil and gas, manufacturing, facility management, and mining industries.
viAct’s innovations are vital for contractors, manufacturers, and enterprise leaders worldwide as industries embrace automation. Its “Scenario-based Vision Intelligence” solutions have been implemented across hundreds of organisations in sectors, including construction, oil & gas, manufacturing, and mining.
According to a press release, viAct averted thousands of workplace incidents and improved efficiency by double-digit percentages.
Gary Ng, Co-founder and CEO of viAct, stated: “We envision a future where construction is synonymous with innovation, safety, and sustainability. With our cutting-edge AI solutions, we aim to empower every stakeholder to achieve unprecedented levels of efficiency and responsibility.”
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Kum Tho Wan, Managing Director of Singtel Innov8, added: “viAct’s AI-powered platform can leverage 5G networks to enable real-time monitoring, instant alerts, and data-driven insights. By integrating AI with 5G connectivity, viAct enhances operational efficiency, ensures timely and proactive hazard detection, and helps create safer, more responsive work environments.”
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