viAct, a leading impact AI company focused on improving safety and efficiency in high-risk industries, today announced the close of US$7.3M Series A round led by Dublin-based private equity firm Venturewave Capital, with participation from Singtel Innov8, the corporate venture capital fund of Singtel, Asia’s leading communications technology group, Korea Investment Partners and PolyU Entrepreneurship Investment Fund.
For years, construction safety has been reactive, with actions being initiated only when an incident occurs. With the advent of AI, the safety paradigm is set to change and viAct is leading this transformation. viAct, an AI company from Asia, has built an AI-powered ecosystem that continuously detects risks, ensures compliance, and enhances efficiency across construction projects and other critical industries.
Unlike traditional site monitoring, which relies on manual oversight and fragmented tools, viAct’s technology provides real-time insights, predictive analytics, and automated interventions to prevent hazards before they occur. While many AI solutions address isolated challenges like PPE compliance or hazard detection, viAct has been pioneering a holistic AI monitoring platform since 2016, seamlessly integrating proprietary computer vision models to elevate both safety and operational efficiency across job sites.
In recent years, viAct has been making substantial impact—avoiding thousands of workplace incidents, improving efficiency by double-digit percentages, and enabling companies to achieve sustainability targets faster.
With this funding, viAct aims to:
Advance AI capabilities – Developing more sophisticated models for hazard prediction, environmental compliance, and workforce safety across heavy industries.
Expand globally – Strengthening its presence in Middle East (e.g. Saudi Arabia), where demand for AI-driven safety solutions is growing rapidly.
Grow its team – Attracting top talent in AI, engineering, and sustainability to push the boundaries of innovation.
“We envision a future where construction is synonymous with innovation, safety, and sustainability,” said Gary Ng, Co-founder and CEO of viAct. “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, said, “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.”
This investment fuels viAct’s broader mission: to create a world where critical workplaces are not just monitored but meaningfully connected, fostering better governance and accountability. As governments and industries push for stronger safety regulations, viAct’s AI-powered solutions bridge the gap between policy and execution—ensuring safety, sustainability, and worker well-being become a reality, not just long-term goals.
As industries worldwide embrace automation to optimize operations, viAct’s innovations have become indispensable for contractors, manufacturers, and enterprise leaders worldwide. More than just an AI solution, viAct stands at the forefront of a global movement toward smarter, safer, and more sustainable industrial practices.
Echoing this vision, Hugo Cheuk, Co-founder and COO of viAct, adds:
“As we expand into new markets, our commitment to leveraging AI for smarter safety practices has never been stronger. This investment allows us to enhance our technology and further our mission of creating a safer, more sustainable work environment.”
“Singtel Innov8 is proud to support viAct in its mission to enhance workplace safety for frontline workers,” said Kum Tho Wan, Managing Director of Singtel Innov8. “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.”
“At Korea Investment Partners, we are committed to supporting visionary companies that leverage cutting-edge technology to drive meaningful impact. viAct’s AI-driven solutions are transforming workplace safety and operational efficiency across high-risk industries, and with increasing government mandates for video analytics in construction safety, the company is well-positioned for significant growth. We are excited to be part of viAct’s journey and look forward to seeing it scale its innovation globally to create safer, smarter, and more sustainable work environments,” Synclare Kim, Head of KIPSEA said.
“We are immensely proud of viAct’s achievements as a pioneering PolyU start-up, founded by our talented alumni. Their AI-driven solutions are revolutionizing workplace safety and sustainability – a mission deeply aligned with our vision of nurturing ventures that address global challenges. This funding milestone underscores the potential of homegrown talent, and we look forward to continuing our support as viAct scales globally.” – Mr Kelvin Wong, Director of Knowledge Transfer and Entrepreneurship, The Hong Kong Polytechnic University.
High-risk industries continue to strive for safer, more efficient operations—yet safety remains reactive, compliance is burdensome, inefficiencies go unchecked, risks escalate, sustainability goals stall, and industries are left navigating fragmented solutions that fail to deliver real impact.
viAct is changing that. By transforming safety from a costly necessity into a strategic advantage, viAct empowers industries to predict risks, ensure compliance, and drive sustainability with unprecedented precision.
“Orbit Startups backed viAct early on because, as the founding team, we saw the opportunity to modernize one of the world’s most traditional industries. viAct’s AI-powered platform is transforming safety, productivity, and accountability on the ground. We’re proud to continue supporting the founders as they scale their impact and expand into new frontiers — especially across the Middle East, a region ripe for innovation in infrastructure and development.” said Oscar Ramos – Managing General Partner of Orbit Startups
The future of industrial safety and efficiency is intelligent—and viAct is leading the way.
————————————————————————————————————-
About viAct :
viAct is a leading impact AI company focused on improving safety and efficiency in high-risk industries like construction, oil & gas, manufacturing and mining. Implemented innovative “Scenario-based Vision Intelligence” solutions across hundreds of organizations. Recognized by Forbes and the World Economic Forum, we aim for a sustainable future through responsible technology. https://www.viact.ai/
About Venturewave Capital :
Venturewave Capital is a venture private equity investment firm that focuses on entrepreneurial companies with high-impact potential. They seek to maximise 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. https://venturewave.com/
About Singtel Innov8:
Singtel Innov8 is the corporate venture capital fund of Singtel, Asia’s leading communications technology group. With an evergreen fund of US$350 million, Innov8 invests in and partners start-ups with promising innovations and possible applications for Singtel Group’s diverse business needs.
By leveraging Singtel Group’s presence across 20 countries in Asia, Australia and Africa with a total combined reach of over 780 million mobile customers and partnerships with local and global stakeholders, Innov8 helps start-ups grow in and go beyond their home markets.
