Correntics

Cover Block

Attribute	Value
Name	Correntics
Tagline	Data-driven climate risk analytics platform for physical risk assessments, climate reporting, and business continuity. [correntics.com]
Headquarters	Zürich, Switzerland
Founded	2021 [Crunchbase]
Stage	Seed
Business Model	SaaS
Industry	Cleantech / Climatetech
Technology	AI / Machine Learning
Geography	Western Europe
Growth Profile	Venture Scale
Founding Team	Co-Founders (2)
Funding Label	Seed (total disclosed ~$2,600,000) [Crustdata]

Links

• Website: https://www.correntics.com/
• LinkedIn: https://ch.linkedin.com/company/correntics

The Short Version

Correntics is building a data-driven platform to quantify physical climate risk for enterprise supply chains. The company, founded in 2021, translates climate hazard data into actionable insights on specific facilities and supply chain nodes, aiming to serve compliance needs and strategic continuity planning [correntics.com]. Its founding team brings a blend of domain expertise and technical execution, with CEO Michael Gloor having served as Climate Change Lead at Swiss Re [Crunchbase]. The company operates a SaaS model and has secured approximately $2.6 million in total investment, including a EUR 1.5 million grant from the Eurostars program in May 2025 [Tracxn, Retrieved 2026]. Over the next 12-18 months, key watchpoints include the translation of its partnership with Deloitte Switzerland into named enterprise deployments and the expansion of its customer base beyond initial references like BKW and Syngenta Crop Protection [correntics.com].

Data Accuracy: YELLOW -- Core product and team details are confirmed via company website and LinkedIn, but total funding and employee figures are based on third-party aggregators without specific publication dates.

Taxonomy Snapshot

Axis	Value
Stage	Seed
Business Model	SaaS
Industry / Vertical	Cleantech / Climatetech
Technology Type	AI / Machine Learning
Geography	Western Europe
Growth Profile	Venture Scale
Founding Team	Co-Founders (2)
Funding	Seed (total disclosed ~$2,600,000)

The Company in Brief

Correntics was founded in Zürich, Switzerland in 2021 by Michael Gloor and Gaudenz Halter [Crunchbase]. The company operates as a SaaS-based cleantech startup, focusing on data-driven climate risk analytics. Its founding was driven by Gloor's prior experience as a natural-catastrophe specialist and Climate Change Lead at Swiss Re [Crunchbase, Bloomberg Markets, Retrieved 2026].

Key operational milestones include the launch of its platform for physical risk assessments and climate reporting [correntics.com]. A notable public development was a collaboration announced with Deloitte Switzerland, aimed at providing climate risk insights for companies [correntics.com]. The company has also secured external capital, including a EUR 1.5 million (approximately $1.62 million) grant from the Eurostars program in May 2025 [Tracxn, Retrieved 2026].

Data Accuracy: YELLOW -- Founders, founding year, and headquarters confirmed by Crunchbase and LinkedIn. The Eurostars grant is cited by a third-party database; other funding details are aggregated from multiple unverified sources.

What They Have Built

Correntics offers a software platform designed to translate complex climate data into specific business risks. The company’s description centers on quantifying physical climate hazards, floods, heat stress, storms, and mapping their potential impact on a client’s operational assets and supply chain nodes [correntics.com]. This moves beyond generic climate scoring to facility-level analysis, supporting both regulatory compliance and operational resilience planning.

The product surfaces through several named modules. A Climate Data API provides programmatic access to hazard datasets [correntics.com]. The core application bundles Climate Change Risk Analysis and Sustainability / ESG Assessment tools, which feed into Climate & Sustainability Disclosures aligned with frameworks like CSRD and IFRS/TCFD [correntics.com]. A separate capability for Real-time Hazard Data suggests some monitoring function [correntics.com]. The platform is marketed to a broad industrial cross-section, including Agri-Food, Power & Energy, Retail, and Logistics & Transport [correntics.com].

Technologically, the platform is described as “data-driven,” relying on proprietary models to assess risk. The co-founding team’s background in reinsurance catastrophe modeling and data visualization points to a tech stack built around geospatial analysis, statistical modeling, and visualization libraries [Crunchbase].

Data Accuracy: YELLOW -- Product claims are drawn directly from the company website, but technical implementation details and performance specifications are not publicly disclosed.

Market Size and Demand

The demand for climate risk quantification is driven by a convergence of regulatory mandates, investor pressure, and tangible supply chain disruptions. Global ESG assets under management are projected to exceed $40 trillion by 2030, up from roughly $30 trillion in 2022 [Bloomberg Intelligence, 2022]. The European Union's Corporate Sustainability Reporting Directive (CSRD) mandates detailed climate risk reporting for approximately 50,000 companies, effective for fiscal years starting in 2024 [European Commission]. In parallel, the International Sustainability Standards Board's IFRS S2 standard is being adopted globally, compelling firms to assess and disclose climate-related physical risks [IFRS Foundation].

Research from the Swiss Re Institute indicates that the global economy could lose up to 18% of GDP by 2050 if no climate action is taken, with a significant portion stemming from physical risks to assets and supply chains [Swiss Re Institute, 2021]. Firms must identify which of their facilities or supplier nodes are most exposed to floods, heat stress, or storms to prioritize mitigation and ensure continuity. The platform's focus on industries like Agri-Food, Logistics, and Manufacturing aligns with sectors where physical asset exposure and complex, geographically dispersed supply chains are most acute.

Adjacent and substitute markets include traditional enterprise risk management software, broader ESG reporting platforms, and geospatial analytics services. The key differentiator for a specialized provider like Correntics is the depth of physical risk modeling, moving beyond carbon accounting to simulate specific hazard impacts on specific locations. The competitive threat is that large incumbents in financial data (e.g., MSCI, Moody's) or consulting firms (e.g., Deloitte) could develop or acquire similar capabilities [correntics.com].

Metric	Value
ESG Assets Under Management 2022	30 $T
ESG Assets Under Management 2030	40 $T
Companies in scope for EU CSRD	50,000 companies

Data Accuracy: YELLOW -- Market sizing figures are drawn from analogous, high-level reports on ESG assets and regulatory scope.

Who Else Is Fighting for This

Correntics operates in a field of climate risk analytics, where its primary competition comes from large, established financial data incumbents and a growing cohort of specialized software startups.

Company	Positioning	Stage / Funding	Notable Differentiator
Correntics	Data-driven platform for physical climate risk to supply chains and assets, focused on business continuity and regulatory reporting.	Seed (~$2.6M total) [Crustdata]	Deep integration of actuarial risk expertise with granular, location-specific hazard modeling for operational resilience. [correntics.com]
MSCI	Global provider of ESG and climate data, analytics, and indexes for institutional investors.	Public (Market Cap ~$40B)	Unmatched scale of investor distribution and integration into portfolio construction and reporting workflows. [MSCI]
Moody’s	Credit ratings, analytics, and climate risk modeling (physical and transition) across financial and corporate sectors.	Public (Market Cap ~$70B)	Leverages core credit risk assessment methodologies and a vast, entrenched customer base in corporate finance. [Moody’s]

Data Accuracy: YELLOW -- Competitor profiles are well-established, but direct feature comparisons and Correntics's specific market positioning are inferred from company materials and founder background.

Opportunity

Correntics aims to become the default operational risk layer for physical climate exposure, specifically within European supply chains. This is a system designed to quantify how specific hazards disrupt specific assets, a capability born from the co-founder's background in catastrophe modeling at Swiss Re [Crunchbase]. Regulations like the EU's Corporate Sustainability Reporting Directive (CSRD) require detailed, location-specific climate risk disclosures. Correntics's early collaboration with Deloitte Switzerland to provide climate insights for corporate reporting demonstrates an initial wedge into this compliance-driven market [correntics.com]. By focusing on the operational and financial consequences of physical events, the company targets a directly monetizable pain point.

Data Accuracy: YELLOW -- The core opportunity thesis is built on cited company materials and founder background.

Sources

1. [correntics.com] Data-Driven Climate Risk Analytics & Sustainability Platform | https://www.correntics.com/
2. [Crunchbase] Correntics - Crunchbase Company Profile & Funding | https://www.crunchbase.com/organization/correntics
3. [Crunchbase] Michael Gloor - CEO and Co-Founder @ Correntics - Crunchbase Person Profile | https://www.crunchbase.com/person/michael-gloor
4. [Tracxn, Retrieved 2026] Correntics - 2025 Funding Rounds & List of Investors - Tracxn | https://tracxn.com/d/companies/correntics/__dMUFnbCrUBl8BjrxKLDN2YpYxDVJEY9Sc4fsr4drf8I/funding-and-investors
5. [Bloomberg Markets, Retrieved 2026] Michael Gloor, Bell Food Group AG: Profile and Biography - Bloomberg Markets | https://www.bloomberg.com/profile/person/22714274
6. [Swiss Re Institute, 2021] Insurance in a world of climate extremes: what latest science tells us | https://www.swissre.com/institute/research/topics-and-risk-dialogues/climate-and-natural-catastrophe-risk/insurance-world-climate-extremes.html