Venturewave Capital leads the viAct Series A funding round of USD 7.3 million to scale AI-powered workplace safety across MENA and Europe. Facilitated by Venturebeam, the round reflects our continued commitment to backing high-impact technology ventures solving global problems.
How viAct’s AI Is Driving Safer Workplaces – Series A Funding Impact
Founded in 2016, viAct leverages “scenario-based vision intelligence,” AIoT, and edge generative AI to proactively prevent incidents in sectors such as construction, oil and gas, and manufacturing. Recognised as a World Economic Forum Technology Pioneer, viAct’s platform is reshaping operational safety and compliance.
Unlike traditional approaches, viAct offers predictive analytics, real-time alerts, and automated interventions—delivering a strategic advantage in high-risk industrial settings.
Venturewave Capital’s Role in viAct Series A Funding
This investment aligns with Venturewave Capital’s mission to support scalable technologies that deliver measurable impact, and viAct Series A funding is a standout example of that vision in action. The round enables viAct’s expansion across Europe and the Middle East, particularly into Saudi Arabia, and supports growth in its AI and sustainability teams.
“We envision a future where construction is synonymous with innovation, safety, and sustainability. This funding is not just a financial milestone—it’s a catalyst for change,” said Gary Ng, Co-founder and CEO of viAct.
“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,” said Alan Foy, Chairman and Managing Partner of Venturewave Capital.
“This successful raise reflects our commitment to connecting capital with impact. viAct is one of the most exciting deals we’ve supported to date,” said Diana Kam, CEO Asia Pacific at Venturebeam.
Global Investors Join viAct Series A Funding Round
Singtel Innov8:
“viAct’s AI-powered platform can leverage 5G for real-time alerts and monitoring. We’re proud to support their mission to enhance workplace safety,” said Kum Tho Wan, Managing Director.
Korea Investment Partners:
“With tightening safety regulations and rising demand for site analytics, viAct is positioned for exceptional growth,” said Synclare Kim, Head of Southeast Asia.
PolyU Entrepreneurship Investment Fund:
“viAct’s mission reflects the innovation and impact we aim to support from PolyU-founded startups,” said Kelvin Wong, Director of Knowledge Transfer and Entrepreneurship.
Orbit Startups:
“We backed viAct early because we saw how urgently the industry needed innovation. They are reshaping safety and accountability at scale,” said Oscar Ramos, Managing General Partner.
About viAct and Partners
viAct is a leading impact AI company focused on enhancing safety and operational efficiency in high-risk industries. Its platform has been deployed in hundreds of worksites globally since 2016. This viAct Series A funding round positions the company for accelerated international expansion and reinforces its role in global industrial safety innovation.
Venturewave Capital is a venture private equity firm based in Dublin, focused on entrepreneurial companies with high-impact potential. We are the first Irish signatory of the IFC Principles for Impact Investing and a member of the Global Impact Investing Network (GIIN).
Venturebeam is a digital investment platform with over $10 billion in assets under management (AUM) on its network. It streamlines capital access, impact measurement, and diligence for high-growth startups.
Singtel Innov8 is the corporate venture arm of Singtel, investing in breakthrough innovations across connectivity, AI, and smart infrastructure.
Korea Investment Partners is one of Asia’s most experienced VC firms, supporting innovation across multiple sectors and regions.
PolyU Entrepreneurship Investment Fund supports early-stage ventures founded by alumni of The Hong Kong Polytechnic University that address significant global challenges.
Media Contact
Hugo Cheuk
Email: hc@viAct.ai
Phone: +852 9235 3537
For more on impact investing and our portfolio companies, visit venturewave.capital.
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