London-based Greenpixie has raised £4.7 million in a pre-Series A round to expand its provision of usage-based sustainability data for cloud users.

The company develops software that helps enterprises assess the carbon, water and cost impact of cloud infrastructure and large-scale AI deployment. Its platform is designed to give IT teams better visibility into cloud usage, including underused resources and lower-carbon deployment options, as companies face growing scrutiny over the environmental footprint of data centres.

The round was led by VERBUND X Ventures, with participation from Octopus Ventures, Armajaro Holdings and Green Angel Ventures.

CEO and co-founder John Ridd said the new funding will help Greenpixie accelerate its mission and expand its global reach.