Zurich-Based Climate Tech Startup ScyAI Secures €2 Million to Transform How Companies Manage Physical Risk

In a bold move to close the widening insurance protection gap, Zurich-based climate tech startup ScyAI has successfully closed a €2 million pre-seed funding round. The investment round was led by AENU, with PT1 co-leading, and included participation from high-profile unicorn founders and angel investors such as 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 via the angel investor alliance better ventures.

This significant capital injection comes at a critical time as climate risk rapidly escalates into one of the most pressing operational and financial challenges facing companies worldwide. For manufacturers, energy producers, and organizations managing extensive physical asset portfolios, the stakes have never been higher. Industry data paints a stark picture: natural catastrophes continue to generate massive economic losses, with a substantial portion remaining uninsured—a phenomenon known as the “protection gap.”

The protection gap persists largely because insurance pricing models rely heavily on broad industry categories and regional averages rather than company-specific risk profiles. Without granular data on facility construction, mitigation measures, or asset separation, underwriters are often forced to apply conservative pricing. This means that companies with robust risk management practices may paradoxically face higher premiums or retain more risk than necessary simply due to a lack of visibility into their unique risk exposures.

Enter ScyAI, a pioneering startup on a mission to revolutionize how organizations understand, quantify, and communicate their physical risk. By combining operational data with advanced external hazard models, ScyAI’s platform generates quantified, auditable risk profiles that align with the metrics used by underwriters. This innovative approach empowers companies to demonstrate their specific risk characteristics, bridging the information gap that has long plagued the insurance industry.

Early adopters of ScyAI’s platform have already reported tangible benefits, including reductions in insurance premiums and improved coverage terms. The solution is specifically designed for organizations with significant physical infrastructure, addressing two critical pain points: affordability and coverage adequacy—both key contributors to the protection gap.

Bernhard Rannegger, founder and CEO of ScyAI, emphasized the urgency of the issue: “Physical risks are becoming a central operational and financial issue for companies. Our goal is to help organizations make these risks measurable and easier to understand, enabling risk and insurance teams to make more informed decisions.” Rannegger’s vision is clear: to equip businesses with the tools they need to navigate an increasingly volatile climate landscape with confidence.

The fresh capital will fuel ScyAI’s mission to scale its platform, enhance its modeling capabilities, and expand its reach to more organizations grappling with climate risk. As the frequency and severity of natural disasters continue to rise, the demand for innovative solutions like ScyAI’s is only set to grow.

In a world where climate risk is no longer a distant threat but a present reality, ScyAI stands at the forefront of a movement to empower businesses with actionable insights and tangible financial benefits. With the backing of prominent investors and a clear roadmap for impact, ScyAI is poised to redefine the future of risk management—one quantified profile at a time.

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