Hong Kong-based Safety AI startup viAct has successfully raised $7.3m in a Series A round led by Dublin-based private equity firm Venturewave Capital. The round also witnessed participation from Singtel Innov8, 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.
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.”
