What does viAct do?
ViAct is a Hong Kong-based provider of an AI-powered impact monitoring platform that delivers real-time risk detection, predictive analytics, and automated interventions for enhanced project safety and efficiency.
How much did they raise?
The company raised $7.3M in Series A funding led by VentureWave Capital, with participation from Singtel Innov8, Korean Investment Partners, and The PolyU Entrepreneurship Investment Fund.
What are their plans for the money?
ViAct intends to use the funds to further develop its platform and expand its global presence, potentially improving operational efficiency, safety, and compliance across sectors like construction, oil and gas, and logistics.
What have they achieved so far?
The platform has already been deployed to serve over 200 contractors worldwide, helping companies prevent incidents while improving project timelines, operational efficiency, and profitability.
