Hong Kong-based viAct helps construction sites perform around-the-clock monitoring with an AI-based cloud platform that combines computer vision, edge devices and a mobile app. The startup announced today it has raised a $2 million seed round, co-led by SOSV and Vectr Ventures. The funding included participation from Alibaba Hong Kong Entrepreneurs Fund, Artesian Ventures and ParticleX.
Founded in 2016, viAct currently serves more than 30 construction industry clients in Asia and Europe. Its new funding will be used on research and development, product development and expanding into Southeast Asian countries.
The platform uses computer vision to detect potential safety hazards, construction progress and the location of machinery and materials. Real-time alerts are sent to a mobile app with a simple interface, designed for engineers who are often “working in a noisy and dynamic environment that makes it hard to look at detailed dashboards,” co-founder and chief operating officer Hugo Cheuk told TechCrunch.
As companies signed up for viAct to monitor sites while complying with COVID-19 social distancing measures, the company provided training over Zoom to help teams onboard more quickly.
Cheuk said the organization’s underlying business sectors in Southeast Asia will incorporate Indonesia and Vietnam since government anticipating keen urban areas and new framework implies new development projects there will increment throughout the following five to 10 years. It will likewise enter Singapore since engineers will embrace AI-based innovation.
In a press articulation, SOSV accomplice and Chinaccelerator overseeing chief Oscar Ramos said, “Coronavirus has sped up advanced change and conventional ventures like development are going through a considerably quicker interaction of change that is basic for endurance. The viAct group has not just made an item that drives an incentive for the business yet has likewise had the option to acquire the trust of their clients and speed up selection.”