viAct, Asia’s sustainability-focused AI company, has secured $2.0 million in its latest funding round. This capital infusion will support the company's mission to provide "Scenario-based Vision Intelligence" solutions for risk-prone workplaces across various industries, aiming to build smart cities and nations. The investment highlights investor confidence in viAct's technology and its potential to enhance safety and operational efficiency.
Since its inception in 2016, viAct has developed and deployed over 50 pre-built AI modules, serving government, public, and private sectors. The company's disruptive AI-powered solutions are specifically designed for high-risk environments such as construction, oil & gas, manufacturing, facility management, and mining. By transforming vision into practical actions, viAct aids in significantly reducing the number of accidents, optimizing compensation costs, and tracking environmental non-compliances through proactive detections and AI-powered surveillance. Its approach facilitates real-time onsite and remote monitoring in a more intelligent way than manual methods.
The newly raised funds are earmarked for accelerating viAct's growth initiatives and expanding its operational capabilities. The company plans to further invest in its research and development efforts to enhance its suite of AI modules and extend its market reach across new geographies. This strategic investment will enable viAct to scale its operations and continue its work in managing man-made environments, solidifying its position as a leader in AI-powered vision intelligence for workplace safety and sustainability. The company anticipates continued expansion of its innovative solutions to address critical industry needs.
