• ViAct, a Hong Kong-based AI startup, raised USD 7.3M in Series A led by Venturewave Capital and regional investors.
• The startup uses AI to enhance safety, compliance, and efficiency in high-risk industries like construction, oil & gas, and mining.
• It plans to expand in the Middle East, especially Saudi Arabia, to meet rising demand for AI-powered safety solutions.

ViAct

What happened? ViAct, Hong Kong based AI startup closed USD 7.3 million in a series A funding round. The round was led by Dublin-based private equity firm Venturewave Capital, alongside Singtel Innov8, Korea Investment Partners and PolyU Entrepreneurship Investment Fund.

“We envision a future where construction is synonymous with innovation, safety, and sustainability,” said Gary Ng, Co-founder and Chief Executive Officer of viAct.

Who are they? ViAct is an impact AI company focused on improving safety and efficiency in high-risk industries like construction, oil & gas, manufacturing and mining.

The startup built an AI-powered ecosystem that detects risks, ensures compliance, and enhances efficiency across construction projects and other critical industries.

Expansion

What will they do with the funding? With the capital, viACT aims to advance AI capabilities by developing more sophisticated models for hazard prediction. In addition, it aims to advance models for environmental compliance, and workplace safety across heavy industries. It also aims to grow its team and attract talent in AI, engineering, and sustainability to foster innovation.

Where will they expand? The startup aims to expand globally by strengthening its presence in the Middle East, for instance Saudi Arabia. This is because demand for AI-driven safety solutions is increasing in the Middle East. 

Oscar Ramos, Managing General Partner of Orbit Startups, said “ViAct’s AI-powered platform is transforming safety, productivity, and accountability on the ground,” he said

He also added that the firm is keen in supporting ViAct to scale its impact and expand into new regions. This is specifically focusing on the Middle East which he described as a region ripe for innovation in infrastructure and development.