ScyAI Raises $2.4M Pre-Seed for AI Risk Platform
ScyAI, an Europe-based AI-powered risk intelligence platform, has raised $2.4M (€2M) in pre-seed funding led by AENU and PT1. The company quantifies physical and climate risks for enterprises managing substantial real asset portfolios in real estate, manufacturing, energy, and supply chains. The capital will fuel development of its platform to audit insurance programs, reduce premiums by 30-50%, and close coverage gaps.
Climate Risks Fuel AI Insurance Surge
The timing aligns with escalating natural catastrophe losses exceeding $200B annually. Investors are backing AI solutions to address pricing inefficiencies in physical risk insurance. ScyAI's focus on auditable, asset-level risk profiles positions it to capture value in this high-stakes market.
$200B Losses Expose Insurance Gaps
Enterprises face massive exposure from climate and natural catastrophes, with global nat cat losses surpassing $200B each year. Current insurance programs suffer from opaque risk assessments, leading to overpaid premiums and undetected coverage gaps. Traditional methods fail to integrate operational data with precise hazard modeling, resulting in suboptimal protection and billions in unnecessary costs.
AI Delivers Auditable Risk Profiles
ScyAI's platform, powered by the AI agent 'Scy,' autonomously manages risk data and optimizes insurance. It fuses operational datasets with advanced Geo AI hazard models to generate actuarial-grade outputs like exceedance curves and Probable Maximum Loss (PML). This enables enterprises to 'sell their risk profile' effectively, securing better terms.
Early adopters have achieved 30-50% premium reductions and seven-figure savings, demonstrating tangible impact.
As noted in coverage of the launch:
"ScyAI emerges from stealth with $2M+ funding to tackle physical risk pricing inefficiencies."
VCs Validate Risk AI Expertise
AENU and PT1 lead the round, joined by Unity co-founder David Helgason, signaling strong belief in ScyAI's approach to resilience investing. This mix of specialized VCs and proven operators underscores strategic validation for AI in enterprise risk management. The funding supports scaling from stealth to serve risk and insurance teams amid rising climate pressures.
Nat Cat Market Draws Heavy Capital
The physical risk intelligence space sees growing investment as nat cat losses climb. ScyAI's €2M round follows a pattern of early-stage funding in climate tech insurance tools, with the broader property & casualty market projected to expand amid $200B+ annual exposures. Trends point to fragmentation by asset class, favoring precise AI over legacy models.
Ex-Swiss Re Team Drives Credibility
Founded in 2025, ScyAI is led by former Swiss Re experts and includes the FERMA Risk Manager of the Year, who previously saved over $13M in premiums. With 2-10 employees, the compact team brings deep insurance domain knowledge and proven savings track record. This credibility accelerates adoption among enterprise clients.
ScyAI's emergence highlights how AI is transforming risk intelligence, enabling reinvestment of insurance savings into physical resilience.