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Startup Spotlight: Hong Kong-Based ViAct Is On A Mission To Create A Safer Work Environment In Risk-Prone Industries | Entrepreneur

Feb 23, 2024 - entrepreneur.com
Hong Kong-based startup viAct, which offers automated construction management software, is expanding its operations to the UAE. The company uses artificial intelligence (AI) to improve safety in high-risk industries such as construction, oil and gas, and mining. Since its inception in 2016, viAct has developed over 100 AI modules for use in government, public, and private sectors. The company's AI-powered solutions have been recognized by Google, the World Economic Forum, Forbes, and KPMG.

viAct is now part of the Mohammed Bin Rashid Innovation Fund (MBRIF) accelerator program and is preparing for a Series A funding round. The company's expansion into the UAE began with participation in the Dubai Centre for Artificial Intelligence's accelerator programs, which led to pilot projects with four different governmental departments. The company's CEO, Gary Ng, believes that operating in the UAE will provide opportunities for global reach in new sectors and markets.

Key takeaways:

  • viAct, a Hong Kong-based startup, uses AI modules to create safer work environments in risk-prone industries like construction, oil and gas, and mining.
  • The company has developed and deployed over 100 pre-built AI modules in government, public, and private sectors since its inception in 2016, helping to reduce accidents and track environmental non-compliances.
  • viAct has now expanded to the UAE and has been selected for pilot projects with four different governmental departments: Dubai Media Council, Dubai Customs, Dubai Municipality, and Road and Transportation Authority.
  • The startup is part of the Mohammed Bin Rashid Innovation Fund (MBRIF) accelerator program and is preparing for a Series A funding round.
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