Riyadh - Sharikat Mubasher: viAct, an AI-powered impact monitoring platform, successfully closed a $7.3 million series A round to strengthen its presence in the Middle East, particularly Saudi Arabia.

The expansion in Saudi Arabia is driven by the rapidly growing demand for AI-driven safety and operational efficiency solutions, the company announced in a press release.

The round was 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 investment represents a major milestone in viAct’s mission to redefine workplace safety by preventing accidents and transforming safety into a profit-driving advantage for businesses.

viAct will use the funding to advance its AI capabilities by developing more sophisticated models for hazard prediction, environmental compliance, and workforce safety to help businesses maximize efficiency while maintaining regulatory compliance. The funding will also enable viAct to attract top AI, engineering, and sustainability talent.

viAct has developed an ecosystem that reduces costly delays, improves operational efficiency, and maximizes project profitability while ensuring compliance and worker well-being.