Zurich-based startup ScyAI has closed a €2 million pre-seed funding round led by AENU and co-led by PT1. The round also includes participation from unicorn founders such as David Helgason (Unity) and Maex Ament and Philip Stehlik (Taulia, Centrifuge).

The challenge of climate risk

For manufacturers, energy producers and other organizations with large physical asset portfolios, climate risk has become an increasingly important operational challenge. Industry data indicates that natural catastrophes continue to generate significant economic losses, with a substantial share remaining uninsured.

ScyAI's solution

ScyAI has developed a platform that creates quantified, auditable risk profiles by combining operational data with external hazard models. This allows organizations to demonstrate their specific risk characteristics using metrics aligned with those used by underwriters. Early users of the platform have reported reductions in insurance premiums and improved coverage terms.

Bernhard Rannegger, founder and CEO of ScyAI, said that physical risks are becoming a central operational and financial issue for companies. The company’s goal is to help organizations make these risks measurable and easier to understand, enabling risk and insurance teams to make more informed decisions.