HONG KONG, April XX, 2025 – viAct, the leading AI-powered impact monitoring platform, today announced the successful close of its US$7.3M Series A round, led by Dublin-based private equity firm VentureWave Capital. The funding round also saw participation from Singtel Innov8, the CVC of Asia’s leading communications technology group Singtel, Korean Investment Partners, and The PolyU Entrepreneurship Investment Fund. Notably, viAct’s platform has been rated A+ in impact scoring by VentureBeam, solidifying its position as a leader in AI-driven workplace safety.
For years, the psychological safety of workers and the attempt to make workplaces safer have not been successful due to a reactive approach rather than a proactive one. viAct is changing this paradigm by integrating generative AI into its proprietary computer vision, IoT, and Edge ecosystem. This next-gen Workplace Health and Safety Platform serves as a co-pilot for jobsite safety, generating real-time Safety Scores that empower end-users to proactively mitigate risks, ensure labor sustainability, and foster a psychologically safe work environment by identifying stress-inducing hazards, monitoring worker well-being, and providing actionable insights to reduce workplace anxiety caused by fear of injury and accidents.
While many AI solutions focus on isolated compliance challenges such as PPE detection, viAct has pioneered a holistic AI monitoring ecosystem since 2016, seamlessly integrating advanced AI models through computer vision, IoT and Edge to enhance both safety and operational efficiency. The Workplace Health and Safety Platform by viAct was made further intuitive by the introduction of Generative AI-based AI Agents, making the platform more user-friendly. Therefore, with this latest investment, viAct aims to:
Advance AI Capabilities – Enhancing its AI-powered ecosystem with more sophisticated AI models incorporating more LLM-poweredAI Agents for bringing intuitiveness in hazard prediction, environmental compliance, and workforce safety.
Expand Globally – Strengthening its presence in the Middle East, particularly in Saudi Arabia, where demand for AI-driven safety solutions is accelerating. By collaborating with regional partners, regulators, and industry leaders, viAct aims to set a new benchmark for AI-powered safety in construction and heavy industries.
Grow Its Team – Attracting top talent in AI, engineering, and sustainability to drive continuous innovation. With a mission-driven culture and state-of-the-art technology, viAct is positioned to lead an industry-wide transformation in workplace safety.
Thus, 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 on-the-ground execution, ensuring that safety, sustainability, and worker well-being become realities rather than standing as long-term goals. This funding is more than a financial boost as it would act as a key enabler for redefining industry standards with AI technology at its core.
In this context, both Gary Ng and Hugo Cheuk emphasize viAct’s commitment to pushing the boundaries of AI, with a strong focus on empowering stakeholders to drive critical impact to the society.
"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."
In the cosmopolitan when industries are embracing automations for an improved operation, viAct’s innovation has become indispensable for contractors, manufacturers, and enterprise leaders worldwide. More than just an AI solution, viAct has become the flag bearer of the movement toward smarter, safer, and more sustainable industrial practices on a global scale.
Echoing this vision, Hugo Cheuk, Co-founder and COO of viAct, stated "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 Sharan Makhija, Senior Director – Investments of Singtel Innov8. “viAct’s AI-powered platform can leverage 5G networks to enables real-time monitoring, instant alerts, and data-driven insights. By integrating AI with 5G connectivity, viAct enhances operational efficiency, ensures proactive hazard detection, and helps create safer, more responsive work environments.”
High-risk industries have been playing catch-up with safety, compliance has felt like a chore, and sustainability goals have been stuck in the slow lane. viAct flips the script, making workplace safety smarter, sharper, and smoother. Powered by AI automation, the platform spots trouble before it starts, keeps compliance seamless, and turbocharges sustainability with pinpoint precision.
The future of workplace safety is not just about hard hats and high-vis; it is about intelligence, foresight, and psychological security. With viAct, job sites are getting a safety glow-up like never before.
About viAct
viAct is a leading Impact AI company focused on improving safety and efficiency in high-risk industries like construction and oil and gas. Since 2016, we've 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.
About VentureWaveCapital
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.
