LGND raises $9M, viAct monitors Saudi projects

Snapshot

viAct brings AI safety tech to Saudi sites, Powerfleet launches AI for driver risk prevention, Labrynth unveils permitting AI platform, LGND raises $9M for geodata automation.

AEC Tech in Action

AI aims to enhance safety on Saudi construction sites: viAct, an AI firm, focuses on improving safety and efficiency in Saudi construction through real-time monitoring and analysis of job sites. (arabnews.jp)

New Innovations and Partnerships

Powerfleet launches AI module for automated driver safety: Powerfleet introduces an AI risk intervention module designed for real-time safety assessments and incident prevention in fleet management. (prnewswire.com)

Labrynth launches AI model to streamline permitting processes: Labrynth has launched an AI platform designed to reduce delays and compliance issues in regulatory approvals across construction and infrastructure sectors. (manilatimes.net)

Funding Rounds and M&A Activity

LGND: LGND announces a $9 million seed round led by Javelin Venture Partners to improve efficiency in processing geographical data for various applications. (techcrunch.com)