viAct Raises $7.3 M in Series A Funding to Expand AI-Powered Safety Solutions

Safety AI startup viAct has announced the successful closure of a US$7.3 million Series A funding round. The round was led by Venturewave Capital, an Irish impact investing firm, with participation from Singtel Innov8, Korea Investment Partners, and PolyU Entrepreneurship Investment Fund.

viAct is an AI company dedicated to enhancing safety and efficiency in high-risk industries, including construction. The company has developed an AI-powered ecosystem that continuously detects risks, ensures compliance, and improves efficiency across projects. This funding will enable viAct to advance its AI capabilities, expand globally, and grow its team.

Transforming Construction Safety with AI

The construction industry has traditionally relied on reactive safety measures, addressing issues only after incidents occur. However, viAct is at the forefront of changing this paradigm by leveraging AI to create a proactive approach to safety.

viAct’s AI-powered platform offers real-time insights, predictive analytics, and automated interventions to prevent hazards. This approach is a significant improvement over traditional site monitoring, which depends on manual oversight and fragmented tools.

While many AI solutions focus on specific safety challenges, viAct has been developing a holistic AI monitoring platform since 2016, integrating proprietary computer vision models to improve both safety and operational efficiency. The company’s solutions have already made a substantial impact by preventing numerous workplace incidents, significantly improving efficiency, and helping companies achieve their sustainability targets.

Growth and Future Plans

With this new funding, viAct plans to:

• Advance AI capabilities: Develop more sophisticated AI models for hazard prediction, environmental compliance, and workforce safety.
• Expand globally: Strengthen its presence in the Middle East, particularly in Saudi Arabia, where there’s a growing demand for AI-driven safety solutions.
• Grow its team: Attract top talent in AI, engineering, and sustainability to drive further innovation.

Industry Recognition and Vision

Gary Ng, Co-founder and CEO of viAct, expressed his vision for the future: “We envision a future where construction is synonymous with innovation, safety, and sustainability. This funding is not just a financial milestone—it is a catalyst for change. Our goal is to redefine industry standards, positioning viAct at the forefront of this transformation. With our cutting-edge AI solutions, we aim to empower every stakeholder to achieve unprecedented levels of efficiency and responsibility.”

Venturewave Capital’s Chairman and Managing Partner, Alan Foy, highlighted the firm’s investment philosophy: “viAct is a prime example of how high-impact, scalable companies are emerging from the global startup ecosystem. At Venturewave Capital, we back visionary founders who are leveraging technology to transform industries, and viAct is doing exactly that in AI-powered sustainability and workplace safety. We look forward to supporting viAct as they expand their impact across Asia, Europe, the Middle East, and beyond.”

Looking Ahead

This investment marks a crucial step in viAct’s mission to create workplaces where safety, governance, and accountability are paramount. As industries worldwide increasingly adopt automation, viAct’s AI innovations are becoming essential for contractors, manufacturers, and enterprise leaders.

viAct is not just providing an AI solution; it is leading a global movement toward smarter, safer, and more sustainable industrial practices.

To learn more about viAct, listen to my podcast interview with Gary Ng, and visit viact.ai.

Source: viAct, April 17, 2025. The images are courtesy of viAct.