If all else fails:
Aggressive security software can block Steam's API initialization. How To FIx Unable to Initialize SteamAPI Error [Tutorial] shadow of the tomb raider failed to initialize steam fixed
Now go. Survive. And conquer the tomb.
Restart Steam and launch the game. Your progress should remain safe if you use Steam Cloud, but the settings will reset. 2. Administrator & Compatibility Mode Permissions often cause this error. (check the system tray/hidden icons). If all else fails: Aggressive security software can