viAct, a Hong Kong-based AI company focused on safety and efficiency in high-risk industries, has secured US$7.3 million in Series A funding.
Investors
The round was led by Venturewave Capital, with participation from Singtel Innov8, Korea Investment Partners, and the PolyU Entrepreneurship Investment Fund.
Venturewave Capital is a venture private equity investment firm that focuses on entrepreneurial companies with high-impact potential. They seek to maximize financial potential by applying proven tools and methods to scale and grow. Venturewave Capital, a member of the Global Impact Investing Network (GIIN), is the first Irish signatory of the IFC Principles for Impact Investing
viAct Use of Funds
The company will use the funds to enhance its AI models, expand operations into new global markets such as the Middle East, and grow its team with top AI, engineering, and sustainability talent.
About viAct
Founded in 2016 by Hugo Cheuk and Gary Ng, viAct is an AI company specializing in construction site safety and management. It offers AI-powered solutions to enhance productivity, safety, and compliance in high-risk industries such as construction, oil & gas, mining, and manufacturing. viAct's platform utilizes computer vision AI and video analytics to monitor construction sites, detect safety breaches, and provide real-time alerts.
Funding Details
Company: viAct
Raised: $7.3M
Round: Series A
Funding Date: April 2025
Lead Investor: Venturewave Capital
Additional Investors: Singtel Innov8, Korea Investment Partners, PolyU Entrepreneurship Investment Fund
Company Website: https://www.viact.ai
Software Category: AI Safety & Compliance / Construction Tech
Source: https://www.viact.ai/post/series-a-mena-europe-expansion