viAct raises $7.3 million to accelerate MENA expansion
viAct, a Hong Kong-based AI company, has raised $7.3 million in a Series A round led by Ireland's VentureWave Capital, with participation from Singtel Innov8 and Korean Investment Partners. The company plans to expand aggressively in the Middle East, particularly Saudi Arabia, to support its booming construction and energy sectors with AI-driven safety and productivity solutions.
Founded in 2016, viAct serves over 200 contractors globally with its AI-powered platform for real-time risk detection, predictive analytics, and automated compliance. Its solution has helped companies prevent thousands of incidents while improving project timelines, operational efficiency, and profitability across sectors including construction, oil & gas, and logistics.
With this funding, viAct will grow its AI R&D, build local teams in MENA, and localise its technology to meet the region's environmental, regulatory, and operational needs.
Press release:
Workplace safety isn't just about compliance—it's about protecting lives, preventing costly delays, and driving business profitability. Yet, for decades, industries like construction, oil & gas, and manufacturing have relied on reactive measures, addressing safety incidents only after they occur. AI is changing that. By leveraging real-time risk detection, predictive analytics, and automated interventions, companies are now transforming safety into a strategic advantage that enhances efficiency, reduces financial losses, and accelerates project timelines.
One company at the forefront of this revolution is viAct and with its latest funding, it's poised to redefine how safety impacts the bottom line.
viAct, an AI-powered impact monitoring platform, announced the close of its US$7.3M Series A round, led by Dublin-based private equity firm VentureWave Capital, with participation from the CVC of Asia's leading communications technology group Singtel, Singtel Innov8, Korean Investment Partners, and The PolyU Entrepreneurship Investment Fund. This funding marks a major milestone in viAct's mission to redefine workplace safety not just by preventing accidents but by transforming safety into a profit-driving advantage for businesses.
viAct, a pioneer in AI-driven safety solutions, has developed an ecosystem that reduces costly delays, improves operational efficiency, and maximises project profitability while ensuring compliance and worker well-being. This has made it the first choice for 200+ contractors worldwide.
Unlike traditional site monitoring, which relies on manual oversight and fragmented tools, viAct's AI-powered platform delivers real-time risk detection, predictive analytics, and automated interventions. This allows companies to reduce downtime, avoid expensive disruptions, and accelerate project timelines. The result? Double-digit efficiency gains, lower insurance costs, and stronger bottom-line performance.
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 with advanced AI Agents, viAct does not just enhance safety; it optimizes workflows, prevents costly errors, and boosts overall site productivity across industries like construction, oil & gas, mining, logistics, facility management, and manufacturing.
The business case for AI-driven safety is undeniable. Companies using viAct's solutions have prevented thousands of workplace incidents, significantly reducing liability and insurance claims. By mitigating risks in real time, projects are completed faster, minimising unexpected delays and financial losses. AI automation has also improved workforce productivity, eliminating the need for manual compliance tracking while ensuring seamless regulatory adherence. Moreover, viAct's AI optimises resource use, helping businesses achieve sustainability targets faster and reduce environmental impact.
With this latest funding, viAct is set to:
Advance AI capabilities – Developing more sophisticated models for hazard prediction, environmental compliance, and workforce safety to help businesses maximise efficiency while maintaining regulatory compliance.
Expand globally – Strengthening its presence in the Middle East, particularly Saudi Arabia, where demand for AI-driven safety and operational efficiency solutions is growing rapidly.
Grow its team – Attracting top AI, engineering, and sustainability talent to push the boundaries of innovation and industry transformation.
This investment is more than just capital; it is a catalyst for reshaping workplace safety into a strategic business advantage. As industries worldwide tighten regulations and demand greater accountability, viAct is bridging the gap between compliance and profitability, proving that safety is not just a legal requirement but also a competitive edge.
In this context, both Gary Ng and Hugo Cheuk emphasise viAct's commitment to pushing the boundaries of AI, with a strong focus on empowering stakeholders to drive critical impact in 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 automation for an improved operation, viAct's innovation has been becoming 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 enable 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.'
The message is clear: smart safety pays off. Contractors using viAct are not just preventing accidents; they are reducing liabilities, completing projects faster, and driving higher profitability.
With AI taking the guesswork out of risk management, safety is no longer a burden but a growth enabler. As industries push for efficiency, compliance, and sustainability, viAct is proving that the safest sites are also the most successful.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
a day ago
- Al Bawaba
Nissan to Livestream World Premiere of All-New Patrol NISMO From the Middle East
Nissan is set to strengthen its performance-focused lineup in the Middle East with the highly anticipated NISMO event, taking place in Dubai on 24 June media, influencers and automotive enthusiasts are invited to join the live global streaming of the event: unveiling the all-new Patrol NISMO - marking its world premiere, and the new Nissan Z NISMO - making its regional debut.• Date: Tuesday, 24th June 2025• Time: 7:30PM GST (GMT +4) • Worldwide Livestream Link on YouTube: The livestream will showcase Nissan's latest NISMO icons in the Middle East, spearheading the Red Ring Society and offering viewers a first look at Nissan's next generation of bold design and motorsport-inspired innovation. Don't miss out this exclusive opportunity to celebrate the passion and precision of NISMO. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Al Bawaba
2 days ago
- Al Bawaba
Aldar Generates More Than Aed 3.5 Billion in Sales at Fahid Island During Launch Week
Following exceptional interest in Fahid Island - Abu Dhabi's first coastal wellness destination and the world's first Fitwel certified island - Aldar today announced it has generated over AED 3.5 billion in sales at Fahid Beach Residences and The Beach House, the island's first residential developments released during launch Fahid Island homes attracted a diverse pool of buyers, drawn by the island's position as Abu Dhabi's first coastal wellness destination, the waterfront lifestyle, and proximity to super-premium education at Kings College School Wimbledon which sits within the wider wellness inspired masterplan. Expatriate residents and overseas buyers account for 67% of total sales, with buyers from the UAE, Russia, the UK, and China making up the top nationalities by sales volume. This strong local and international interest underscores Fahid Island's emerging global profile as a premier lifestyle destination where wellness meets culture, nature, and community.42% of buyers are under the age of 45, signalling growing demand for luxury wellness-focused living among younger demographics. Notably, 67% of buyers are first-time Aldar customers, demonstrating Aldar's expansive reach and the appeal of the Group's thoughtfully curated Emery, Chief Executive Officer at Aldar Development said: 'The highly anticipated launch of Fahid Island has resulted in the first homes released generating more than AED 3.5 billion - and serves as a powerful validation of our vision to place wellness at the heart of community living. The success reflects Abu Dhabi's position as one of the world's most desirable investment and lifestyle destinations and we are expecting continued interest in Fahid Island as Abu Dhabi's first wellness island builds its profile on the global stage.'In response to the overwhelming demand for Fahid Beach Residences, Aldar accelerated the launch of Fahid Island's second residential offering, The Beach House during launch week and sales progress continues at pace. Comprised of 11 elegantly designed towers offering a collection of studios to 3-bedroom + maid apartments, the new development draws on its coastal surroundings and is thoughtfully crafted to evoke a sense of calm, lightness, and relaxed sophistication. Residents benefit from exquisite interiors and breathtaking views of the sea and Abu Dhabi skyline, as well as a state-of-the-art amenities and facilities, direct shoreline access, and seamless connectivity to Coral Drive, the island's boutique retail boulevard. With further residential launches planned, Aldar will continue to deliver on its vision to transform Fahid Island into a vibrant, wellness-focused destination that redefines coastal living in the region.
Al Bawaba
2 days ago
- Al Bawaba
Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa
Visa (NYSE: V) today announced the appointment of Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA). In his new role, the established Visa leader will be responsible for leading operations across more than 86 innovative and fast-growing markets. Visa's CEMEA operations today serve more than 1,800 clients from 23 local offices across the Muhmood brings more than 30 years of banking and payments experience to the role. He most recently served as head of Value-Added Services for Visa's Europe region, based in London, and originally joined Visa in 2019 as Group Country Manager for Southeast Asia, based in Singapore. Prior to joining Visa, Mr. Muhmood held senior leadership positions with Ahli United Bank, ANZ and HSBC. Mr. Muhmood will be based in Dubai, and will take on the role effective immediately, reporting to Oliver Jenkyn, Group President, Global Markets, Muhmood succeeds Andrew Torre, who was recently appointed as President of Visa's Value-Added Services business, which has rapidly grown into a $9B global business and has delivered annualized revenue growth of 20% since 2021.'We are delighted to appoint a leader with Tareq's deep experience at the intersection of financial services, technology and high growth markets to lead Visa's fastest growing region and continue our journey to advance the future of digital payments across CEMEA,' said Mr. Jenkyn. 'During the course of his career, Tareq has worked in 13 countries, and brings unique global perspective, world-class leadership and a proven track record partnering with Visa's largest clients across diverse, complex and rapidly accelerating markets.' 'It is a great honor to lead the CEMEA region, and to continue the tremendous progress that has been made in transforming the future of payments, commerce and money movement across so many dynamic markets,' said Mr. Muhmood. 'Having spent more than a third of my career in the region, I am excited by the incredible opportunity to further expand digital payments amongst more consumers, merchants and economies. I look forward to working closely with our outstanding team to enable shared growth with clients and partners across the region.'
