The company has developed a solution designed to make AI-powered risk intelligence accessible to organisations managing large real asset portfolios.
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 David Helgason (Unity), Maex Ament and Philip Stehlik (Taulia, Centrifuge) through Anti Ordinary Ventures, as well as Bela Lainck, Robert Levenhagen, Christoph Aufmhof and Stefanie Gerhart through the angel investor alliance better ventures.
For manufacturers, energy producers and other organisations 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.
One reason for this protection gap is that insurance pricing is often based on broad industry categories and regional averages rather than company-specific risk profiles. Without detailed information on factors such as facility construction, mitigation measures or asset separation, underwriters may apply more conservative pricing. As a result, companies with strong risk management practices may face higher costs or retain more risk than intended due to limited visibility into potential coverage gaps.
In response to these challenges, ScyAI has developed a platform that creates quantified, auditable risk profiles by combining operational data with external hazard models. This allows organisations to demonstrate their specific risk characteristics using metrics aligned with those used by underwriters.
According to the company, early users of the platform have reported reductions in insurance premiums alongside improved coverage terms. ScyAI’s solution is aimed at organisations with significant physical infrastructure and is designed to help address both affordability and coverage adequacy, which contribute to the existing protection gap.
Bernhard Rannegger, founder and CEO of ScyAI, said that physical risks are becoming a central operational and financial issue for companies. He added that the company’s goal is to help organisations make these risks measurable and easier to understand, enabling risk and insurance teams to make more informed decisions.