So I managed to resolve the issue thankfully, it seems like my path variables got messed up somehow, just to be safe (and I don’t feel like investigating further, I had to add the following both my user and system PATH variable:
%SystemRoot%\System32
%SystemRoot%\System32\Wbem
%SystemRoot%\System32\wbem
after this ray launches fine for me. Just to note, I already had C:\Windows\System32 in there, but seems like it wasn’t enough…