GreenShift, an AI-driven sustainable cloud computing company based in Amsterdam, raised €2.35 million to enhance its platform and enterprise partnerships, addressing the urgent challenge of cloud emissions.

Information on the Target

GreenShift is an Amsterdam-based technology company specializing in AI-driven solutions for sustainable cloud computing. The company has successfully raised €2.35 million through a Convertible Loan Agreement (CLA), spearheaded by strategic investors including 4impact capital and The Footprint Firm, with continued support from Rockstart. This new funding will facilitate team expansion and enhance GreenShift's efforts in fostering enterprise partnerships, with the overarching goal of establishing itself as the primary operating system for sustainable cloud computing.

GreenShift is addressing the critical challenge of cloud emissions, in a sector where traditional methodologies have fallen short. By leveraging innovative AI technology, the company aims to revolutionize cloud energy efficiency, reduce operational costs, and significantly lower environmental impacts, thereby positioning itself as a leader in this rapidly evolving space.

Industry Overview in the Target’s Specific Country

The global market for cloud computing stands at an impressive value of over €900 billion, with a compound annual growth rate (CAGR) of 21%. However, the sector is facing a pressing sustainability crisis, as cloud computing is now contributing more CO₂ emissions than the aviation industry. P