Zurich-based ScyAI has raised €2 million in a pre-seed funding round led by AENU and co-led by PT1, with additional backing from founders and angel investors, including David Helgason, Maex Ament, Philip Stehlik through Anti Ordinary Ventures, as well as Bela Lainck, Robert Levenhagen, Christoph Aufmhof, and Stefanie Gerhart via better ventures.
The company is building an AI-driven risk platform designed to help organisations with large physical asset portfolios quantify and manage climate-related and operational risks, a growing concern across asset-heavy industries.
What The Company Does
ScyAI develops a platform that produces quantified and auditable risk profiles for enterprises managing physical infrastructure such as manufacturing facilities, energy assets, and industrial sites. The system integrates internal operational data with external hazard and climate models to create detailed risk assessments aligned with the methodologies used by insurance underwriters.
Traditional insurance pricing in asset-heavy sectors often relies on sector-wide classifications and regional averages, which can overlook company-specific mitigation measures, facility characteristics, and asset distribution. This lack of granularity can result in conservative underwriting assumptions and limited transparency for corporate risk and insurance teams.
By structuring risk data in a format compatible with underwriting frameworks, ScyAI enables companies to present a clearer and more precise view of their exposure. The platform is designed to support both risk analysis and insurance decision-making, particularly for organisations seeking to optimise premiums and coverage structures while maintaining operational resilience.
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Market Context / Industry Background
Climate-related physical risk is increasingly being treated as a core financial and operational variable for companies with significant infrastructure footprints. Natural disasters continue to generate substantial economic losses globally, and a considerable share of these losses remains uninsured. This so-called protection gap is partly driven by insufficient data transparency between asset owners and insurers.
Insurers and reinsurers are under pressure to refine pricing models as climate volatility increases, yet underwriting practices still depend heavily on aggregated risk assumptions. For asset-intensive sectors such as manufacturing, logistics, and energy, this dynamic can lead to misaligned premiums or incomplete coverage due to limited visibility into site-level risk mitigation strategies.
At the same time, regulatory developments and ESG reporting standards in Europe are pushing companies to improve risk disclosure and resilience planning. As a result, demand is growing for data-driven tools that translate operational and environmental variables into measurable risk indicators that can be used across finance, insurance, and compliance functions.
Founder / Investor Commentary
Bernhard Rannegger, founder and CEO of ScyAI, noted that physical risks are becoming a central operational and financial consideration for companies managing large infrastructure portfolios. He explained that the company’s objective is to make these risks measurable and easier to interpret, enabling risk and insurance teams to make more informed and structured decisions.
The investor base reflects a combination of climate-focused venture capital and operators with experience in scaling technology platforms. Their participation signals continued interest in analytical infrastructure that connects operational data with financial risk modelling, particularly in the context of climate adaptation and insurance optimisation.
Growth Plans / Use Of Funds
ScyAI plans to use the pre-seed funding to further develop its platform, expand modelling capabilities, and scale its technical team. The company is also expected to focus on onboarding enterprise clients across sectors with significant physical asset exposure, including energy, manufacturing, and industrial operations.
In addition, the capital will support product refinement aimed at improving the integration of operational datasets with external hazard models and underwriting metrics. This includes enhancing the platform’s ability to generate actionable insights for both corporate risk managers and insurance stakeholders.
As climate-related volatility and insurance cost pressures continue to rise, ScyAI’s approach positions the company within a growing segment of risk intelligence providers seeking to bridge the data gap between asset owners and insurers while improving coverage adequacy and cost efficiency.
About ScyAI
ScyAI is an agentic risk operating system focused on helping enterprises understand, quantify, and mitigate physical risks while optimising insurance costs. Founded in 2025 and headquartered in Zurich, the company combines operational data and advanced analytics to deliver actionable risk insights for organisations managing large physical asset portfolios.
