viAct closes Series A funding round at US$7.3m

The funding will be used to support expansion and advance its technology.

viAct, an AI company focused on improving safety and efficiency in high-risk industries, raised $9.6m (US$7.3m) in its Series A funding round.

The round was led by Dublin-based private equity firm VentureWave Capital, with participation from Singtel Innov8, Korea Investment Partners, and PolyU Entrepreneurship Investment Fund.

Proceeds from the funding round will be used to advance AI capabilities, expand globally, and attract top talent.

"We envision a future where construction is synonymous with innovation, safety, and sustainability," Gary Ng, co-founder and CEO of viAct said.

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