Venturebeam, a global network of professional investors, venture capital firms and family offices, has facilitated a US$7.3 million fundraise for viAct, a Hong Kong-based sustainability-focused artifical intelligence ( AI ) start-up.

The funding round, which exceeded viAct’s initial target of US$6 million, was led by VentureWave Capital, with participation from Singtel Innov8, Korea Investment Partners and PolyU Entrepreneurship Investment Fund.

It also marks Venturebeam’s inaugural investment deal in Asia following its launch in Singapore in March 2024.

Founded in 2016, viAct has built an ecosystem of AI-powered technologies, including Scenario-Based Vision Intelligence, AIoT, and edge-generative AI solutions to enhance jobsite safety and productivity for heavy industries.

Recognized by the World Economic Forum as a technology pioneer in 2023, viAct seeks to redefine paradigms of safety, operational excellence and sustainable innovation across risk-prone workplaces such as construction, oil and gas, manufacturing, facility management, and mining industries.

The latest funding round will be used to fuel its growth into regions like MENA and Europe.

"Companies such as viAct are at the forefront of transforming traditional industries towards delivering meaningful impact.  This successful fundraise validates our rigorous approach to curating financially robust, high-growth companies that deliver both scale and measurable impact across multiple regions,” says Diana Kam, Venturebeam’s chief executive officer for Asia-Pacific.

Headquartered in London, Venturebeam is an impact investor platform with over US$10 billion in assets under management. It seeks to support impact-driven entrepreneurs pioneering innovations for a sustainable future.