ScyAI raises €2 million to bring AI-driven risk intelligence to enterprise real estate and insurance teams
Zurich-based PropTech startup ScyAI has closed a €2 million pre-Seed round to further develop their solution to make AI-powered risk intelligence accessible to companies with large real estate portfolios.
The round was led by AENU and co-led by PT1, also attracting unicorn founders including David Helgason (Unity), Maex Ament and Philip Stehlik (Taulia, Centrifuge), investing through Anti Ordinary Ventures, as well as Bela Lainck, Robert Levenhagen, Christoph Aufmhof, and Stefanie Gerhart through the angel investor alliance better ventures.
“Physical risks are becoming a core operational and financial issue for companies,” says Bernhard Rannegger, founder and CEO of ScyAI. “Our mission is to make these risks measurable, understandable, and controllable – so that enterprise risk and insurance teams can make better decisions and evolve from a cost center to a strategic resilience capital allocator.”
In the context of European PropTech funding in 2025-2026, ScyAI’s pre-Seed raise sits alongside several other notable investments that reflect investor interest in digital tools addressing building data, climate impact, sustainability and financial decision-making.
For example, Telescope (€3.7 million Seed round), an Oslo-based PropTech startup, secured funding in March 2025 to help real-estate owners turn climate and sustainability risk data into actionable, portfolio-level insights for better strategic decisions. In Germany, Lumoview (€3 million Seed) raised capital in June 2025 to accelerate its building analytics technology that rapidly captures and processes physical building data to support energy efficiency and retrofits.
This backdrop shows a pattern of early-stage funding flowing into solutions that help property owners and investors manage climate risk, sustainability performance, and data-driven decision workflows. ScyAI’s round, with its focus on AI-powered risk intelligence for large asset portfolios and insurance teams, fits within this trend of capital supporting digital transformation in real estate risk and asset management
“We are excited to back ScyAI as they build the next generation of AI-native risk management. The combination of strong technical ambition, clear customer ROI, and a massive global market makes this a compelling opportunity, “says Robert Stoecker, Partner at AENU.
ScyAI was founded in 2025 by an insurance and risk tech team: CEO Bernhard Rannegger spent six years in tech and product management at Swiss Re, developing AI risk models and building a joint venture with Palantir that scaled to 50+ enterprise customers (including Siemens, Petronas, and Maersk). As Head of Risk and Insurance AI, Alex Sidorenko brings 20+ years of experience in risk management and insurance management, including from Deloitte, PwC, and EuroChem, and most recently as Group Head of Insurance & Risk at Serra Verde.
For manufacturers, energy producers, and companies with large physical asset portfolios, climate risk has become a critical operational concern. Munich Re reports that 2025 saw approximately €188 billion ($224 billion) in economic losses from natural catastrophes, with insured losses of €91 billion ($108 billion). More than half remains uncovered.
According to the company, this protection gap exists partly because many companies cannot justify the premiums they’re quoted. Insurance pricing is typically based on broad industry categories and regional averages rather than company-specific risk profiles. Without detailed data on a facility’s construction quality, mitigation measures, or asset separation, underwriters price defensively.
Companies with strong risk management end up subsidizing weaker peers in their industry category – or they retain more risk than intended, either by choice or without fully realising the gaps in their coverage.
This is where ScyAI looks to come in. The platform builds quantified, auditable risk profiles by combining operational data with external hazard models, enabling organisations to demonstrate their specific risk quality using the same and more metrics underwriters rely on.
“We are excited to join ScyAI’s pre-seed round as climate risk starts to redefine how real assets are insured and managed. ScyAI enables companies to precisely quantify climate exposure and risk, providing critical infrastructure for a more resilient built world. The team’s exceptional founder–market fit gives us strong conviction in their ability to lead this emerging category,” says Fabian König, Investment Manager at PT1.
Early adopters of the methodology report 30–50% premium reductions – translating into seven-figure savings for companies with substantial insurance programmes – while increasing limits and closing coverage gaps. These savings then fund physical resilience investments, creating a cycle in which better risk management generates measurable returns.
ScyAI is designed for companies with substantial physical infrastructure, addressing both the affordability and adequacy challenges that drive today’s protection gap.
“ScyAI has what is rare in this category: genuine insurance DNA plus product delivery. The team is not building another climate analysis tool, but rather decision-making tools that really work in risk and insurance teams. That is precisely why we believe that ScyAI can set a new benchmark here and shape the market,” says Tina Dreimann, founder and managing director of better ventures.
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