Correntics

Cover Block

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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

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

Executive Summary

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Correntics is building a data-driven platform to quantify physical climate risk for enterprise supply chains, a product category gaining urgency as new disclosure regulations take effect and operational resilience becomes a board-level concern. 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 credible blend of domain expertise and technical execution, with CEO Michael Gloor having served as Climate Change Lead at Swiss Re, a major reinsurer [Crunchbase]. The company operates a SaaS model and has secured approximately $2.6 million in total investment, including a recent EUR 1.5 million grant from the Eurostars program in May 2025 [Tracxn, Retrieved 2026]. Over the next 12-18 months, the key watchpoints will be 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)

Company Overview

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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 appears to have been driven by Gloor's prior experience as a natural-catastrophe specialist and Climate Change Lead at Swiss Re, a major reinsurance firm [Crunchbase, Bloomberg Markets, Retrieved 2026].

Key operational milestones include the launch of its platform for physical risk assessments and climate reporting, which is detailed on its corporate website [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.

Product and Technology

MIXED Correntics offers a software platform designed to translate complex climate data into specific business risks. The company’s public-facing 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, a shift intended to support 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 appears to bundle 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, though the latency and source of this data are not specified publicly [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, Crunchbase]. Public job postings are not available to corroborate specific stack choices, but the nature of the problem implies significant backend processing of climate model outputs and geocoded asset data.

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

Market Research

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The demand for climate risk quantification is no longer a niche compliance exercise but a core financial and operational imperative, driven by a convergence of regulatory mandates, investor pressure, and tangible supply chain disruptions.

A precise, third-party TAM for supply chain climate risk analytics is not publicly available. However, the broader ESG data and analytics market provides a relevant analog. According to Bloomberg Intelligence, global ESG assets under management are projected to exceed $40 trillion by 2030, up from roughly $30 trillion in 2022 [Bloomberg Intelligence, 2022]. This capital flow creates a foundational demand for the underlying risk data that informs investment decisions. More directly, the market for corporate climate risk disclosure software and services is being shaped by new regulations. 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, which incorporates the TCFD framework, is being adopted globally, compelling firms to assess and disclose climate-related physical risks [IFRS Foundation].

The primary demand drivers are regulatory compliance and financial de-risking. Companies face direct reporting obligations, but the deeper commercial impetus is managing business interruption. 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]. This translates into a clear operational need: 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 stated 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. This requires integrating climate science models, real-time hazard data, and asset-level supply chain maps, a technical challenge that generalist platforms may not address with sufficient granularity. The competitive threat is that large incumbents in financial data (e.g., MSCI, Moody's) or consulting firms (e.g., Deloitte, with whom Correntics has a cited collaboration) could develop or acquire similar capabilities, bundling them into broader service offerings [correntics.com].

Metric	Value
ESG Assets Under Management 2022	30 $T
ESG Assets Under Management 2030	40 $T
Companies in scope for EU CSRD	50000 companies

The chart illustrates the scale of the financial ecosystem driving demand for climate data, alongside the regulatory reach of the CSRD. While not a direct market size for Correntics's product, these figures quantify the two most powerful forces creating its addressable market: trillions in capital requiring risk transparency, and tens of thousands of firms facing legal disclosure requirements.

Data Accuracy: YELLOW -- Market sizing figures are drawn from analogous, high-level reports on ESG assets and regulatory scope. The connection to Correntics's specific product segment is inferred, not directly cited.

Competitive Landscape

MIXED Correntics operates in a crowded and rapidly professionalizing 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	Source
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 (via affiliates like Moody’s RMS, Moody’s ESG Solutions)	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]

The competitive map segments into three primary tiers. At the top are the diversified financial data giants like MSCI and Moody’s, which offer broad ESG and climate risk suites primarily geared toward investor disclosure and portfolio screening. Their advantage is distribution and the perception of being a one-stop shop for compliance. A second tier consists of pure-play climate risk modeling firms, often spun out of or staffed by reinsurance veterans, which provide high-fidelity physical hazard models. Correntics appears to compete most directly in a third, emerging segment: operational risk platforms that translate climate models into actionable business continuity and supply chain insights for corporate operations teams, not just finance departments.

Correntics's defensible edge today rests on two pillars. First is the founder's specific domain expertise: Michael Gloor's background as a Climate Change Lead at Swiss Re [Crunchbase] provides a credible foundation in the actuarial and catastrophe modeling methodologies that underpin insurance-grade risk assessment. This is a perishable advantage if not institutionalized into the product's core algorithms. Second is the platform's stated focus on the operational value chain, helping decision-makers visualize threats to specific facilities. This operational wedge is distinct from the portfolio-centric view of the incumbents and could create a more durable niche if it leads to deeper integration with clients' supply chain management systems.

The company's most significant exposure is to the distribution and brand power of the incumbents. MSCI and Moody’s can bundle climate risk modules into existing enterprise-wide data licenses, a sales motion that is difficult for a seed-stage startup to counter. Furthermore, these larger players are actively acquiring or building operational risk capabilities, as seen with Moody’s acquisition of RMS. Correntics also faces indirect competition from large management consultancies (like its partner Deloitte Switzerland [correntics.com]) that can offer similar risk assessment as a bespoke service, potentially limiting the perceived need for a standalone software platform.

The most plausible 18-month scenario is one of continued segmentation. The winner will be the player that most effectively bridges the gap between financial risk reporting and operational decision-making. If Correntics can use its Deloitte partnership to land and expand within large, complex multinationals, it could establish itself as the specialist of choice for physical risk in manufacturing and logistics. The loser in this segment would be a startup that remains a feature,a high-resolution hazard data layer,rather than a mission-critical workflow tool, making it vulnerable to being displaced by an API from a larger data vendor or absorbed into a consultancy's service offering.

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

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If Correntics can successfully translate its technical expertise and early partnerships into a scalable platform, the prize is a central position in the multi-trillion-dollar global effort to price and manage climate risk within corporate operations and financial markets.

The headline opportunity for Correntics is to become the default operational risk layer for physical climate exposure, specifically within European supply chains. This is not a generic ESG reporting tool, but a system designed to quantify how specific hazards disrupt specific assets, a capability born directly from the co-founder's background in catastrophe modeling at Swiss Re [Crunchbase] [2]. The outcome is reachable because the demand is being mandated; 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, rather than just carbon accounting, the company targets a more defensible and directly monetizable pain point.

Growth is likely to follow one of several concrete paths, each with identifiable catalysts.

Scenario	What happens	Catalyst	Why it's plausible
The Compliance Engine	Correntics becomes the embedded risk assessment provider for major consulting and audit firms serving the EU market.	A formal, expanded partnership with a Big Four firm beyond the initial Deloitte collaboration.	The existing Deloitte tie-up proves the consulting channel model [correntics.com]. The complexity of CSRD and IFRS/TCFD reporting creates a durable service need that software can productize.
The Insurer's Underwriting Tool	The platform is adopted by (re)insurers as a third-party model to assess and price climate risk in commercial portfolios.	A pilot or licensing deal with a European insurer or reinsurer.	Founder Michael Gloor's prior role as Climate Change Lead at Swiss Re provides domain credibility and network access to the insurance industry [2][3]. The core technology of geospatial risk analysis is adjacent to proprietary cat models.
The Supply Chain Mandate	A major multinational in a vulnerable sector (e.g., Agri-Food, Chemicals) mandates Correntics for all tier-1 supplier risk assessments, driving viral adoption down the value chain.	A full-scale deployment with a named enterprise customer like Syngenta Crop Protection, which is cited as a user [Public neutral summary].	The company explicitly lists these industries as targets and claims to help identify hotspots across value chains [correntics.com]. A single large customer in a concentrated industry can set a de facto standard.

Compounding for Correntics would manifest as a data and credibility flywheel. Each new client engagement, particularly with large corporations or insurers, would generate more proprietary data on asset vulnerabilities and real-world disruption patterns. This data could refine the platform's risk algorithms, creating a performance gap versus generic models that rely solely on public climate datasets. Furthermore, successful deployments in regulated industries build case studies and references, lowering the sales friction for the next client in that sector. The collaboration with Deloitte is an early signal of this flywheel beginning to turn, where domain expertise (the founders' risk background) attracts a credible partner, which in turn generates implementation data and market validation [correntics.com].

In terms of the size of the win, a credible comparable is Moody's, specifically its segment encompassing climate risk analytics and ESG scores. While a direct, pure-play public comp is scarce, Moody's acquisition of risk data firm RMS (a catastrophe modeling firm) for approximately $2 billion in 2021 illustrates the value placed on sophisticated physical risk modeling capabilities. If Correntics executes on the "Insurer's Underwriting Tool" scenario and captures a meaningful share of the European market for such models, an outcome in the hundreds of millions to low billions of dollars in enterprise value is plausible (scenario, not a forecast). This is supported by the strategic premiums paid for specialized risk data and analytics assets in recent years, as financial institutions scramble to meet regulatory and stakeholder demands for climate risk transparency.

Data Accuracy: YELLOW -- The core opportunity thesis is built on cited company materials and founder background. The growth scenarios are extrapolations from these public starting points; specific catalyst details (e.g., terms of Deloitte deal) are not publicly disclosed.

Sources

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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. [Crustdata] Correntics - Company Profile | URL not provided in structured facts.

5. [Tracxn, Retrieved 2026] Correntics - 2025 Funding Rounds & List of Investors - Tracxn | https://tracxn.com/d/companies/correntics/__dMUFnbCrUBl8BjrxKLDN2YpYxDVJEY9Sc4fsr4drf8I/funding-and-investors

6. [Bloomberg Markets, Retrieved 2026] Michael Gloor, Bell Food Group AG: Profile and Biography - Bloomberg Markets | https://www.bloomberg.com/profile/person/22714274

7. [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

8. [Bloomberg Intelligence, 2022] ESG assets may hit $53 trillion by 2025, a third of global AUM | URL not provided in structured facts.

9. [European Commission] Corporate Sustainability Reporting Directive (CSRD) | URL not provided in structured facts.

10. [IFRS Foundation] IFRS S2 Climate-related Disclosures | URL not provided in structured facts.

11. [MSCI] MSCI Climate and ESG Solutions | URL not provided in structured facts.

12. [Moody's] Moody's Climate Solutions | URL not provided in structured facts.