Hong Kong-based viAct raises $2M for its automated construction monitoring platform

Hong Kong-based viAct helps construction sites perform around-the-clock monitoring with an AI-based vapour pulpit that compounds computer vision, perimeter inventions and a portable app. The startup has announced that it has raised a$ 2 million seed round, co-led by SOSV and Vectr Ventures. The fund included participation from Alibaba Hong Kong Entrepreneurs Fund, Artesian Ventures and ParticleX.

Founded in 2016, viAct currently performs more than 30 building industry consumers in Asia and Europe. Its new funding will be used on research and development, make change and expanding into Southeast Asian countries.

The platform abuses computer vision to detect potential safety hazards, interpretation progress and the site of machine and materials. Real-time alerts are transmitted to a portable app with a simple interface, designed for engineers who are often” working in a loud and dynamic environment that concludes it hard to look at detailed dashboards ,” co-founder and chief operating officer Hugo Cheuk told TechCrunch.

Construction tech startups are poised to shake up a $1.3 -trillion-dollar manufacture

As companies signed off for viAct to monitor locates while complying with COVID-1 9 social distancing evaluates, the company training over Zoom to help units onboard more quickly.

Cheuk said the company’s initial groceries in Southeast Asia will include Indonesia and Vietnam because government planning for smart municipals and new infrastructure signifies new construction projects there will increase over the next five to 10 years. It will likewise penetrate Singapore because makes are willing to adopt AI-based technology.

In a press statement, SOSV partner and Chinaccelerator managing director Oscar Ramos said,” COVID has accelerated digital transformation and traditional industries like interpretation are going through an even faster process of transformation that is critical for survival. The viAct team has not only started a commodity that drives appreciate for the industry but has also been able to earn the trust of their customers and accelerate adoption .”

Investor momentum structures for construction tech

Read more: feedproxy.google.com

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