ScyAI emerged from stealth with pre-seed funding led by AENU and co-led by PT1, with better ventures, Earth and angel investors participating. Founder Bernhard Rannegger described the financing as more than USD 2 million. The Zurich company is building software to help businesses understand physical risks to their assets and organise the information used to arrange insurance.
Its AI assistant, Scy, brings together location records, loss histories and policy information that would otherwise be scattered across spreadsheets, emails and broker systems. ScyAI says the platform helps risk and insurance teams quantify their exposure and present a clearer risk profile to insurers when assessing coverage and costs.
