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.