Venturewave Capital leads a $7.3 million Series A funding round for viAct to enhance AI-driven workplace safety across MENA and Europe.
Target Information: viAct
Founded in 2016, viAct is at the forefront of transforming workplace safety by utilizing advanced technologies such as scenario-based vision intelligence, AIoT, and edge generative AI. The company primarily focuses on high-risk sectors including construction, oil and gas, and manufacturing. Recognized as a Technology Pioneer by the World Economic Forum, viAct aims to redefine operational safety and compliance through innovative solutions.
Unlike traditional safety measures, viAct's platform employs predictive analytics, real-time alerts, and automated interventions, providing businesses with a strategic edge in managing risks effectively within their environments.
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Industry Overview in MENA and Europe
The workplace safety industry across the Middle East and North Africa (MENA) and Europe is undergoing significant transformation, driven by increasing regulatory demands and
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Venturewave Capital
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viAct
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in a Series A deal
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Transaction Size: $7M